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  • Western Union Business Solutions - Euro zone scopes sites for funding
    in need of support One worst case scenario is both countries are excised from markets and require years long emergency financial support An heir of vagueness hovers about regarding financial figures for the Fund ranging from significantly less than 100 billion euros to several hundred billion euros according to euro zone officials who have issued guesses to Reuters Another unnamed official said right now is too early to discuss specific financial figures and no figures have come up two additional officials said Work on this is still going on It is premature to talk about numbers the official said The EFSF presently holds about 250 billion euros and that money is considered uncommitted Lending capacity of the Fund rises to roughly 283 billion euros With summit meetings coming up late next week leaders of the 17 nations that use the euro are conducting preparations German Chancellor Angela Merkel and French President Nicolas Sarkozy were slated to convene in Paris on Monday Germany is the region s top economy followed by that of France Later next week U S Treasury Secretary Timothy F Geithner is scheduled to meet with the European leaders per the request of U S President Barack Obama The U S hosts the globe s largest economic system The Fund already has supported smaller economies like those of Ireland Greece and Portugal per the request of European Union leaders The IMF is spotting roughly 33 percent of the loan money to direct the debt hobbled nations economic recovery Spain and Italy s debt is believed to be in excess of the equivalent of 3 3 trillion while the Fund s resources amount to about 400 billion other worldwide nations as well The globe s second largest economy yet the most rapidly developing one has done what it can to be of assistance to the beleaguered euro zone Chinese Vice Foreign Minister Fu Ying who is tasked with topics European told Bloomberg after delivering a speech last Thursday in Beijing that the nation has contributed to the region s rejuvenation Foreign reserves are not revenues the minister told reporters after the speech according to Bloomberg It s not money that can be used by the premier or the finance minister She said the nation gleaned a valuable lesson from the Asian Financial Crisis of 1997 and that is prepare to honor obligations by holding on to large reserves Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Euro zone leaders advocate for Greece European Union Leaders in Europe must merge efforts to counter the ill effects of the sovereign debt crisis by esta Euro climbs as leaders work toward keeping Greece among the euro zone The value of the shared currency of the European Union advanced against the world s reserve currency Dollar rises amid euro zone

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Euro-zone-scopes-sites-for-funding.aspx (2012-12-22)
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  • Western Union Business Solutions - Rand drops fro third consecutive day to greenback
    30 months which Bloomberg reports reveals the top consumer of raw materials from South Africa is slowing down Rob Davies trade and industry minister for South Africa said the nation must act accordingly to preserve the integrity of the manufacturing sector according to Eyewitness News Davies in attendance at a Johannesburg business debate acknowledged the monetary unit s volatility is apart from the state of South Africa s economy but its irregularity is messing with the nation s manufacturing But he also attributed the challenges to difficulties presented by international events that might spur the government he serves to act So the daily rate of the rand was determined not by anything in the South African economy but by the degree of optimism or pessimism Davies said according to Eyewitness News If we don t act the consequences will be that we will let manufacturing go and we would find ourselves de industrialized The poor performance of the rand on Monday the final day of October was partially attributable to poorly selling Italian government bonds according to Business Day The weak display served as a reminder that not only is Greece suffering from the sovereign debt crisis but Italy is as well Italy is one of five PIIGS nations the central corps of countries trudging through the debt crisis Portugal Ireland Greece and Spain are the others Currency researchers from Standard Bank said the weak Italian sale which was on Friday of last week also demonstrates an aversion for euro zone nations debt Safe haven assets such as the dollar have benefited from this latest bout of risk aversion states a Monday research note This morning Asian equity markets are down across the board and rand short covering has ground to a halt Two analysts with Rand Merchant Bank forecast the exchange between the rand and the U S dollar might end up dropping lower during the coming weeks according to Business Day The analysts also noted the performance of the rand is weak when held against international markets With the dust settling down somewhat the rand s underperformance is becoming apparent states a Monday research note cited by Business Day Consider that U S equities will today end their best October in 37 years euro dollar is trading back at where it was when dollar rand was in the R6 90s and even South African equities are at a six month high Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts South African rand drops to greenback for second straight day The monetary unit of the African continent s biggest economy slipped in value for the second straigh Rand slumps third day against greenback A weaker than expected jobs report issued by the U S Labor Department for last month helped pull do Aussie Kiwi drop third

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Rand-drops-fro-third-consecutive-day-to-greenback.aspx (2012-12-22)
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  • Western Union Business Solutions - South African rand gains for first time in four days
    once again vulnerable to changes in risk sentiment states an email from currency strategist Nomvuyo Guma of Standard Bank Group in Johannesburg to Bloomberg South Africa s 2017 bonds gained for a second consecutive day on Monday as the yield fell two basis points to 7 53 percent Reuters reports the South African rand is likely to continue enduring pressures wrought by the sovereign debt crisis tearing through the euro zone and leaving banks public finance systems and markets in its wake Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Euro advances against dollar for first time in four sessions The 17 nation shared currency of the euro zone advanced Wednesday morning for the first time in four South African rand slips against the greenback The value of the monetary unit of the largest economy on the African continent dropped against the w South African rand jumps against the greenback The value of the monetary unit of the African continent s largest economy drove to 90 day high on We Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/South-African-rand-gains-for-first-time-in-four-days.aspx (2012-12-22)
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  • Western Union Business Solutions - Australian Dollar Up Late, Helped by Greece
    1 25 Even though the developments were a boost for the Australian currency the Australian dollar was unlikely to go much higher ahead of key data on employment in the U S overnight and as the group of 20 leading industrialized nations meet in France said David Greene senior corporate foreign exchange dealer at Western Union in Sydney Read full article WSJ login required Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts NZ Dollar Up Late But Australian Dollar Draws Interest Away The Wall Street Journal recently quoted Western Union Business Solutions Corporate Dealing Manager C Euro climbs against dollar as pound Australian dollar slip Europe s shared currency recovered against the U S dollar Friday morning as the euro regained some Wall Street Journal New Zealand Dollar Up Late Following Moves in Australian Dollar From Wall Street Journal The New Zealand dollar was trading slightly higher Tuesday against the gr Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom United States USD Archive 2012 December 51 November 109 October 97 September 76

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Australian-Dollar-Up-Late-Helped-by-Greece.aspx (2012-12-22)
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  • Western Union Business Solutions - NZ Dollar Higher Late But Rangebound Ahead of Key Events, Data
    such a lot of stuff coming out in the next 48 hours I think you are going to see a lot of people sitting on the sidelines waiting to see what comes out We ll just drift along Hunter said READ FULL ARTICLE Wall Street Journal login required Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts NZ Dollar Tad Higher Late But Rangebound Ahead of US Payrolls Wall Street Journal Western Union Business Solutions Corporate Dealing Manager Chris Hunter said th New Zealand Dollar Higher Late But Rangebound Ahead of Fed Wall Street Journal As global financial markets awaited the decision from the US Federal Reserve Op NZ Dollar Up Late On Equity Markets Aussie Dollar Move Wall Street Journal Both the Australian dollar and its New Zealand neighbour traded higher Wednesda Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom United States USD Archive 2012 December 51 November 109 October 97 September 76 August 78 July 79 June 61 May 82 April 81 March 87 February 74 January 87 2011 December 84

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/NZ-Dollar-Higher-Late-But-Rangebound-Ahead-of-Key-Events-Data.aspx (2012-12-22)
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  • Western Union Business Solutions - Dollar May Fall as Debt Ceiling Deadline Nears
    zone debt crisis have subsided for now after the announcement of a second bailout for Greece and the focus is shifting to Washington where efforts to avoid a U S default enter crunch time The drawn out battle has dented risk appetite in recent weeks and led ratings agencies to warn of a potential downgrade Such a move some fear could send interest rates soaring and erode the dollar s reserve currency status Read full article Category Media Coverage Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Debt ceiling deadline looms as parties prepare plans The U S rival political parties were readying their respective methods of increasing the debt ceil Dollar modestly recovers as German minister warns euro zone debt struggle continues The U S dollar began a modest recovery from touching all time lows as the crisis surrounding negoti Euro Falls Sharply Vs Dollar On Ireland Debt Concern Wall Street Journal A bailout would assist in calming investors who have beaten the euro down abo Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Dollar-may-fall-as-debt-ceiling-deadline-nears.aspx (2012-12-22)
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  • Western Union Business Solutions - Sony addresses currency risk by shifting production to China
    should the dollar fall by one yen the electronics firm s annual profit will fall by two billion yen But in 2002 the same one yen change cost Sony eight billion yen so the company is reducing its vulnerability to currency changes Indeed its strategy of natural hedging moving operations abroad so expenses can be paid in local currencies is being emulated by companies across the globe Swiss pharmaceutical giant Roche Holding uses a similar hedging mechanism to reduce its currency risk exposure for example Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Currency risk management upgrades needed official Companies with operations in India should upgrade their risk management systems to protect themselve Currency risk an issue for investors economist writes Canada s dollar has risen sharply this year and reached parity with the U S dollar in November But For Chinese electronics firm currency risk management comes into focus Chinese electronics maker ZTE Corp may be developing a new robust currency risk management strateg Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Sony-addresses-currency-risk-by-shifting-production-to-China.aspx (2012-12-22)
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  • Western Union Business Solutions - Euro slips as Greek concerns re-emerge
    news source It s not clear how the vote is going to go and I m not convinced that should the vote be carried it would be positive for Greece and the euro zone Prime Minister Antonio Samaras told his New Democracy Party in Athens that the society in which they live will no longer tolerate additional austerity measures Reuters reports deep questions about the U S election between President Barack Obama and challenger Mitt Romney on Tuesday are driving interest in the U S dollar Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Euro dives as Greek concerns rear The glee and revelry of the euro s climb on the back of a supposed deal in Greece was short lived Euro slips after growth downgrades in Europe Reductions to economic expansion next year in Germany and the rest of the euro region drew down the Greek concerns hobble euro as new elections await The shared currency of the European Union hovered about its lowest value in three months against the Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Euro-slips-as-Greek-concerns-re-emerge.aspx (2012-12-22)
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