2009-07-20: Forex Magnates Daily Updates

- Clearing house LCH.Clearnet has rejected a second takeover offer from a group including Deutsche Bank, HSBC and Michael Spencer’s Icap, City A.M. can confirm. The 14-strong consortium, known as the Lily Group, which is being advised by Deutsche, has been rejected again after making a €12-per share offer valuing the firm at €887m (£762m), 20 per cent above its initial offer.
- The Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Markets: A Rare Glimpse Into The World of Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term Veteran inter-bank foreign exchange trader Thomas Fischer, MBA grants a rare glimpse into the arcane world of Forex trading he prospered in for 22 years.
- A man booked 16 years ago for illegally possessing foreign currencies has finally been acquitted by the Delhi High Court. Justice Anil Kumar allowed Prabhat Kumar Srivastava’s petition, which challenged the FERA (Foreign Exchange Regulation Act) Appellate Tribunal’s decision dismissing his plea for quashing of the proceedings against him.
- Clearing house LCH.Clearnet has rejected a second takeover offer from a group including Deutsche Bank, HSBC and Michael Spencer’s Icap, City A.M. can confirm. The 14-strong consortium, known as the Lily Group, which is being advised by Deutsche, has been rejected again after making a €12-per share offer valuing the firm at €887m (£762m), 20 per cent above its initial offer.
- The Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Markets: A Rare Glimpse Into The World of Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term Veteran inter-bank foreign exchange trader Thomas Fischer, MBA grants a rare glimpse into the arcane world of Forex trading he prospered in for 22 years.
- A man booked 16 years ago for illegally possessing foreign currencies has finally been acquitted by the Delhi High Court. Justice Anil Kumar allowed Prabhat Kumar Srivastava’s petition, which challenged the FERA (Foreign Exchange Regulation Act) Appellate Tribunal’s decision dismissing his plea for quashing of the proceedings against him.
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