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☆ Indian companies turn to exotic options to manage fx costs, risks
▼ + stars: | 2022-11-09 | by ( Nimesh Vora | ) www.reuters.com time to read: +3 min

MUMBAI, Nov 9 (Reuters) - A few large Indian companies are returning to exotic currency options to deal with the rupee's volatility as they look to manage hedging costs and foreign exchange risks. These options provide companies increased flexibility to manage their currency risks. Companies are specifically turning to barrier options, a class of knock-out or knock-in options that are exercisable or expire worthless depending on whether a particular level on the underlying asset is reached. When used with proper risk assessment, barrier options help to manage the premium cost, a trader with a large private sector bank said. Meanwhile, foreign exchange consultants warned against large-scale use of exotic options.

☆ Libor demise and Brexit reshape derivatives market, says BIS
▼ + stars: | 2022-10-27 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

"The most significant factor contributing to the decline in turnover is the continuing shift away from Libor for major currencies," the BIS said in its latest triennial snapshot of the global OTC interest rate derivatives market. Banks and their clients use interest rate swaps to insure themselves against unexpected moves in borrowing costs. Replacing Libor shrank turnover in forward rate agreements or FRAs, a type of derivatives contract, with turnover in dollar FRAs tumbling by 98%. BIS OTC Derivatives Graphic 1Sales desks in Britain recorded the highest turnover of interest rate derivatives, at $2.6 trillion, or 46% of global 'net-gross' turnover, down from 51% in 2019. BIS OTC Derivatives Graphic 2Reporting by Huw Jones; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

[1/2] People buy food at stalls promoting China's digital yuan, or e-CNY, during the 2022 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Tingshu WangHONG KONG/SHANGHAI, Oct 27 (Reuters) - China's digital yuan took the centre stage in the world's largest cross-border central bank digital currency (CBDC) trial to date, a report showed, pointing to how Beijing is speeding up yuan globalization efforts amid rising geopolitical tensions. China's digital currency, or e-CNY, was the most issued, and actively transacted token in the $22 million pilot that used CBDCs to settle cross-border trades, a Bank of International Settlement (BIS) report showed. The PBOC's participation in m-Bridge represents its ambition to eventually promote global, wholesale use of the e-CNY. But China's yuan internationalisation, digital or not, faces challenges amid a slowing economy ravaged by COVID flare-ups, and a property debt crisis.

☆ Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech
▼ + stars: | 2022-10-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — Chinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing's ability to produce advanced military systems. The rules, effective this month, expand on prior U.S. attempts to crimp Chinese companies' access to key tech. Chinese chips stocks tumbleChina's largest chipmaker, Semiconductor Manufacturing International Corporation, traded 3% lower Monday afternoon in Hong Kong, amid a broader market sell-off. "It will not only harm Chinese companies' legitimate rights and interests, but also hurt the interests of U.S. The U.S. government previously put Chinese companies Huawei and SMIC on a blacklist that requires suppliers to obtain a license before selling to them.

☆ China trials cross-border settlement involving cenbank digital currencies
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/IllustrationSHANGHAI, Sept 29 (Reuters) - A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to internationalise its digital yuan. More than 160 cross-border payments and foreign exchange transactions totalling more than $22 million were made during the first trial involving four central bank currencies and real-value transactions, the BIS said in a statement. State media reported on Thursday that Industrial and Commercial Bank of China and Agricultural Bank of China were among the 20 participating commercial banks. China has been testing its digital currency in major cities, mainly for domestic retail payments, though the central bank has also vowed to explore cross-border payments in digital yuan. Russia, sanctioned by the West over its war in Ukraine, has announced plans to use its own digital currency to trade with China.

Global Citizen Festival 2022, an event to inspire international activism, is set for September 24. How to watch Global Citizen Festival 2022The Global Citizen Festival will be broadcast internationally on several platforms, including YouTube, Twitch, and Twitter. Who is playing at the Global Citizen Festival? Global Citizen Festival 2022 features musical performances by artists at two stages, with one in New York City and the other in Accra, Ghana. New York Global Citizen Festival musical performers:MetallicaMariah CareyThe Jonas BrothersCharlie PuthManeskinMickey GuytonRosalíaAccra Global Citizen Festival musical performers:

☆ Morning Bid: Plus fours
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +5 min

The last time Fed policy rates spent two years above 4% was 2005-2007, in the lead up to the banking crash of 2008. In what bond markets call "bear flattening", yields right out the maturity curve also rose, but by less than the 2-year. read moreAll will have Monday's advice from their umbrella grouping the Bank for International Settlements ringing in their ears. The Bank of Japan will likely hold the line on its easy policy again this week. read moreThe dollar's index was firmer on Tuesday going into the Fed meeting - less than 1% from this month's 20-year high.

☆ BIS backs "forceful" rate hikes despite rising recession risk
▼ + stars: | 2022-09-19 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

The tower of the headquarters of the Bank for International Settlements (BIS) is seen in Basel, Switzerland March 18, 2021. REUTERS/Arnd WiegmannLONDON, Sept 19 (Reuters) - The world's central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead with forceful interest rate hikes despite the growing threat of recessions and currency market volatility. The Switzerland-based BIS' quarterly report acknowledged that both recession and debt risks were rising, but said that bringing soaring global inflation back down remained paramount. "It is important to act in a timely and forceful way," the head of the BIS' Monetary and Economic Department, Claudio Borio, said. World currencies in 2022Register now for FREE unlimited access to Reuters.com RegisterReporting by Marc Jones; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ China anunță că îşi creează propria monedă digitală
▼ + stars: | 2021-04-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Cu o mie de ani în urmă, când banii însemnau monede, China a inventat bancnotele. Versiunea Chinei privind o monedă digitală este controlată de banca centrală a ţării, care va emite noii bani electronici. Banii digitalizaţi ar putea reordona fundamentele lumii financiare, iar faptul că un stat autoritar şi rival al SUA este primul care lansează o monedă digitală naţională stârneşte îngrijorare în Washington. Acum, bancherii centrali ai lumii se tem că ceea ce Facebook a plănuit cu o monedă digitală poate fi acum realizat de China, cu un guvern puternic. La începutul acestui an, Banca Reglementelor Internaţionale (BIS) şi-a publicat ultimul studiu care indică faptul că 86% dintre cele 65 de bănci centrale cu care a discutat lucrează la o monedă digitală.

Persons: Beijingul, Facebook, yuan, Christine Lagarde Organizations: Street Journal, Mediafax, China, Facebook, americane, Massachusetts Institute, Banca Centrală Europeană, Banca Locations: China, Chinei, american, SUA, Washington, Wall, Massachusetts

Serviciile secrete din Cehia afirmă că spionii ruși și chinezi au reprezentat anul trecut o amenințare presantă pentru securitatea și interesele esențiale ale țării, potrivit unui raport oficial publicat marți și citat de AFP și hotnews.ro. În raportul său anual, Serviciul de informații privind securitatea (BIS) a subliniat eforturile serviciilor rusești și chineze de a-și promova interesele în străinătate. Spioni ruși sub acoperire diplomatică au încercat astfel să promoveze interesele și punctele de vedere ale Kremlinului și să sporească reputația Rusiei. Aceștia au “profitat de disponibilitatea societății cehe de a primi ofertele chinezești de investiții”, concentrându-se în special pe sectoarele tehnologiei, apărării, sănătății și mediului pentru a promova o imagine favorabilă Chinei. Tot potrivit BIS, rușii și chinezii au lansat atacuri cibernetice împotriva ministerului afacerilor externe și a ambasadelor Cehiei din străinătate.

Locations: Cehia, străinătate, Rusia, China, Cehiei, Rusiei, Chinei

☆ Emilian Galaicu-Păun, 22 octombrie 2020
▼ + stars: | 2020-10-26 | by ( ) moldova.europalibera.org time to read: +8 min

„Dacă vreodată veţi dori să vedeţi un loc năpăstuit de arhitectura sovietică, acesta este locul pe care trebuie să-l vizitaţi. Totul este sur, voluminos şi absolut lipsit de stil. Există câteva parcuri obosite în centrul oraşului pentru a alunga monotonia şi un presupus lac în partea de vest din centrul oraşului. Riyadh, Arabia Saudi, şi înaintea de: 5. des Noah – ein drehtor das sie versuchenzu verführen – ja woher!

☆ Un stat condus de un distribuitor de știri false este lider în războiul cibernetic. Lecție pentru Moldova — Moldova.org
▼ + stars: | 2020-02-16 | by ( Tatiana Beghiu | Diana Preașcă | ) www.moldova.org time to read: +12 min

„În colaborare cu BIS și alte companii externe am reușit să-i oprim înainte ca ei să-și încheie atacul”, adaugă el. Butonul de dezactivare a internetuluiMichal Koudelka, șeful BIS, a condus mai mulți ani operațiunile legate de campaniile de răspândire a propagandei rusești. Centrul reprezintă, de fapt, un grup mic de angajați plătiți de stat care monitorizează și corectează știrile false și campaniile de dezinformare privind securitatea internă. Asociația solicită companiilor să nu mai plaseze reclame pe site-uri web de știri false și, astfel, să le reducă veniturile. Și Republica Moldova încearcă să lupte împotriva propagandei rusești și a știrilor false.

Persons: Pavel Baudiš, El, Avast, Pavel, Michal, Miloš Zeman, Marek Hlavica, František, František Vrabel, Miroslav Feix, Igor Dodon, Adrian Organizations: Ministerului, Interne, Agenția Națională, Securitate, Uniunea Europeană, NATO, Externe, Armatei Cehe, Forțelor Armate, Audiovizualului Locations: Praga, Cehia, miliardarii, Antarctica, Vatican, BIS, Republica Cehă, ceh, Rusia, China, Europa, Cehe, Cehă, Crimeei, Ucrainei, NATO, britanic, american, Statele Baltice, Europa Centrală, Republicii Cehe, Moldova, Federația Rusă, Moldovei, Republicii Moldova, Federației Ruse

☆ Inside Serge Gainsbourg and Jane Birkin’s Storied Home
▼ + stars: | 1991-03-02 | by ( Joshua Levine | ) www.wsj.com time to read: 1 min

On March 2, 1991, Serge Gainsbourg went to sleep in his bed on the second floor of his house at 5 bis rue de Verneuil in Paris and never woke up. A second heart attack killed him at age 62. For all of France, his death was both shocking and unsurprising. Gainsbourg bestrode the French cultural landscape like a broken-down colossus. “He was our Apollinaire, our Baudelaire,” wrote French president François Mitterand.

Persons: Serge Gainsbourg, he’d, Gainsbourg, Apollinaire, ”, François Mitterand Locations: Verneuil, Paris, France

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