Global Finance
OCTOBER 10, 2024
The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Mansur announced plans to hike the benchmark rate by 50 basis points to 9%, and stated that rates would hit 10% within the coming months. Benchmark rates are expected to remain unchanged at 3%.
CFO News Room
FEBRUARY 4, 2022
The benchmark 10-year U.S. The spread between the Italian bond yield and the German benchmark, considered a barometer of financial stress in the region, rose to its highest level in over 18 months. . Government bond yields surged world-wide after a strong report on the U.S. It was at 1.25% at the start of the week. on Friday.
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PYMNTS
APRIL 14, 2020
As Rangachari noted to Webster, for customers who are just getting started on the digitization journey, frictions revolve around how to get started in the first place, while benchmarking against peers. Larger, more established firms may have specific pain points to address, such as foreign exchange (FX) mismatches across several accounts.
PYMNTS
OCTOBER 3, 2017
29) for what it dubbed “unsafe and unsound practices” at the financial institution’s (FI) foreign exchange (FX) trading operations, according to news from Reuters. The bank is said to have neglected to monitor chat rooms through which foreign exchange traders swap information. According to reports, more than $4.3
PYMNTS
MAY 27, 2016
Some of the world’s largest financial institutions have banned together to combat rising skepticism over the world’s foreign exchange market, a move that follows billions of dollars in fines issued to banks for their alleged roles in manipulating benchmark rates and exchanging sensitive information.
PYMNTS
JULY 29, 2019
billion and are watched with keen interest because they are a sign of intervention by foreign exchange. . francs per euro, which many analysts say is a benchmark. Those deposits increased by $1.7 The increase is the biggest in two years, analysts say. . Last week the franc hit 1.10 A euro could buy 1.14
CFO Share
JANUARY 26, 2024
Consider industry benchmarks or standards to ensure alignment. Foreign exchange rate, while important to an international business, is outside its control and largely unactionable. Gourmet restaurants focus on Avg. Spend per Customer, whereas fast-food chains cares more about Customer Throughput.
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