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Rand Merchant Bank's Fixed Income, Currency and Commodities (FICC) division, one of South Africa's largest
treasury operations, trades billions of rands on the global markets every day and serves a wide range of clients.
treasury operations, trades billions of rands on the global markets every day and serves a wide range of clients.
Monday, 31 May 2010
ECONOMIC OUTLOOK: ENCOURAGING SIGNS IN US
This week's data releases are likely to bring into focus the differing speed of the recovery in developed countries, with encouraging signs.
'CHAOTIC' TIMES FOR EURO AS WORRIES REMAIN
Jitters will dominate currency trading this week, as concerns about the euro-zone debt crisis persist and investors look for encouraging news in U.S. employment figures at the end of the week.
FRANCE WARNS ON CREDIT RATING
France admitted on Sunday that keeping its top-notch credit rating would be "a stretch" without some tough budget decisions, following German hints that Berlin may resort to raising taxes to help bring down its deficit.
JAPAN MANUFACTURING RISES
Japanese industrial output rose a seasonally adjusted 1.3% in April from a month earlier as demand from China prompted general machinery companies to produce more goods.
ACTION EXPECTED ON VOLATILE WON
South Korea is examining measures to control currency flows to protect its economy from external shocks, with financial authorities considering regulating forward contracts to reduce currency volatility.