Rand Merchant Bank’s Fixed Income, Currency and Commodities
(FICC) division, one of South Africa’s largest financial markets
operations, trades billions of rands on the global markets every
day and serves a wide range of clients.
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Today's News
Wednesday, 10 March 2010
     
 

DEVALUING THE RAND WOULD BE 'SHORT-SIGHTED'

Devaluing the rand would be a "very short-sighted" move to make, International Monetary Fund (IMF) managing director Dominique Strauss-Kahn said yesterday.

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BCI RISES FOR SECOND QUARTER IN A ROW

After rising by 5 points to 28 during the fourth quarter of 2009, the RMB/BER Business Confidence Index (BCI) jumped by a further 15 points to a level of 43 during the first quarter of 2010, data from RMB showed today.

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EU CONSIDERS BAN ON SOME CDS TRADES

The EU is considering an outright ban on speculative derivative trades, including credit default swaps, that have been blamed for worsening the debt crisis in Greece.

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IN IRELAND, A BLUEPRINT FOR EURO ZONE

Debt-laden Ireland is winning applause for adopting severe measures that Greece put off, but pay cuts and tax hikes have put public servants in some unusual binds.

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EU POLICY MAKERS PLAY DOWN MONETARY FUND IDEA

European policy makers played down the idea of creating a European Monetary Fund, saying it was at most a long-term project that did not offer a solution to Greece's immediate debt problems.

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