Archives of Forex news articles are HERE.

$10 bn SPV planned out of forex kitty (The Economic Times)
NEW DELHI: The finance ministry is considering a proposal to use part of India?s $177-billion Forex reserves for infrastructure projects, by floating a special purpose vehicle (SPV) called India Investment Corporation (IIC) with a corpus of $10 billion.

FOREX-Dollar near 4-year highs vs yen, down vs euro (Reuters via Yahoo! Asia News)
NEW YORK, Jan 18 (Reuters) - The dollar rose to nearly a four-year peak against the yen on Thursday, buoyed by a raft of generally strong U.S. economic data and a decision by the Bank of Japan to keep interest rates steady.

Forex - US dollar, euro easier vs yen in Singapore afternoon trade (The Forex Market)
SINGAPORE (XFN-ASIA) - The dollar and the euro were both softer against the yen in afternoon trading here, but look poised to make further headway against the Japanese currency in the near term, dealers said.

CNBC Arabiya, the Official Broadcaster for The Middle East Forex Trading Expo (AME Info)
It is announced today that CNBC Arabiya has signed the deal to be the Official Broadcaster for The Middle East Forex Trading Expo on 1-2 March 2007 at the Dusit Dubai Hotel.

Forex reflects economic fundamentals: Omi says (Kyodo via Yahoo! Asia News)
_ Finance Minister Koji Omi indicated Friday he sees no problem with the yen's depreciation against the U.S. dollar after the Bank of Japan's decision Thursday to keep interest rates unchanged.

Uganda: Forex Suspended (AllAfrica.com)
THE Bank of Uganda (BoU) has suspended the operational license of Salabed Forex Bureau Ltd for engaging in unlicensed money transfer business.






© 2007 The Forex Manager. All rights reserved.