Money Market News And Facts
Developing countries (in Asia) responded to the 1997 financial crisis by prudently building up massive stocks of foreign exchange reserves to mitigate the risk of another crisis. In August, the reserves of eight of these countries (excluding China and Japan)… (more…)
It seems the Korean Won has (temporarily) bottomed out, reversing one of the largest declines in its history. The currency’s 5% daily jump has made it one of one of the few bright spots in Asia this week, where stock… (more…)
Exchange Traded Funds (ETFs) remain unheard-of by many people, a poll from Barclays Stockbrokers suggests. (more…)
The FTSE 100 closed 366 points down today at 3947.78, in another black day for the exchange. (more…)