Group of 20 finance chiefs may intensify pressure on one of their own
today as the U.S.-led campaign for China to revalue the yuan broadens
from Washington to Mumbai and Brussels. Greece is prepared to ask euro-
region governments for aillion in bonds come due
next month and borrowing costs surge to the highest level since 1998, a
Greek government official said. President Obama called on the financial
industry Thursday to support his efforts to enact new,FEDERALBNK, ASHOKLEY, CHAMBLFERT, BANKINDIA, DENABANK, HINDUNILVR, TATAMOTORS, ZEEL, DRREDDY ,regulatory reforms
or risk repeating the "failure of responsibility" that nearly brought
down the nation's economy. India is poised to become second largest DTH
market with 36.1 million subscribers by 2012.prefect trade Steel companies have
assured the ministry that they will not increase prices more than 5%
over the next five to six months. The Government is likely to hike
export duty on iron ore lumps from 10% currently, as per Steel
Secretary, Mr.Atul Chaturvedi,
The Bankex has fallen by more than 17% over the last one month on the
back of a number of events. taking the cumulative increase in repo rates to The S&P downgrade TVS Motors and Hero Honda witnessed was
accompanied by a sharp fall in crude oil prices and the prices of other
commodities. Also, monsoon has been normal in India till now. We believe
that interest rates have peaked out and in the worst case scenario
there could be another 25-50 bps hike in interest rates.This process is called going long. You can also do this in reverse! If you know that the currency price is more likely to go down rather than up, you can go short. googd dayThis is just the opposite of the above transaction, selling it first and buying it back later in the hope that the price will go down for you to make forex profit.
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