Russia, China Sign Currency Swap Agreement to Double $100b Trade

Russia, China Sign Currency Swap Agreement to Double 0b Trade

“Size-wise, it ranks alongside the swap line China signed with the Swiss National Bank and is behind only Brazil's 190 billion yuan line in terms of those in place with emerging-market peers,” Tom Levinson, foreign-exchange and interest-rates …

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FXCM Hobbling Shows Retail Rules Need Review, CFTC's Bowen Says

Retail foreign-exchange trading “is the least regulated part of the derivatives industry,” and the CFTC needs to review whether current federal oversight provides adequate protections for customers, Commissioner Sharon Bowen said in a statement …

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Ruble Swap Shows China Challenging IMF as Emergency Lender

China is stepping up its role as the lender of last resort to some of the world's most financially strapped countries. Chinese officials signaled on the weekend they are willing to expand a $ 24 billion currency swap program to help Russia weather the …

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Argentina Gets Reserves Boost From China Currency Swap

Argentina's Central Bank reserves are set to rise after receiving the first installment of yuan as part of a three-year, $ 11 billion currency swap agreement with the People's Bank of China. The central bank received the equivalent of $ 814 million in …

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