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Jan 7 (Reuters) - Greek Prime Minister Costas Karamanlis sacked his finance minister on Wednesday in a cabinet reshuffle to try to shore up his government's popularity, hit by riots, scandals and economic woes. Following are comments on the reshuffle ...
Read moreLast week as we wrapped up our analysis for the year, we noted that with the euro buying $1.40 at the time, its reversal from $1.4719 signaled a drop to $1.35 “for the first week of January.” The ensuing slide to as low as $1.3317 ushered in by a ...
Read moreA couple weeks ago I wrote a piece that compared the Spot Forex market to the Forex Futures. It recently dawned on me that the piece was really written to an audience that already has some knowledge of Forex. Today, let's discuss the basics of this ...
Read moreHarare — THE introduction of the Foreign Exchange Licensed Warehouses and Retail Shops facility authorising businesses to sell goods and services in foreign currency, and the mushrooming of other unlicensed outlets has dealt a near-death blow to ...
Read moreThe progressive ‘dollarisation’ of Zimbabwe has extended to rural areas, where dwellers now sell their fresh produce in U.S. dollars. Almost everyone in the country is now buying and selling in foreign currency, rendering the Zimbabwe dollar ...
Read moreHarare — WHILE we understand that, with the introduction of the Foreign Exchange Licensed Warehouses and Shops, most products and services can only be accessed using hard currency, and that to be viable, schools have to charge fees in hard currency ...
Read moreDubai: Bangladesh's new government, expected to be sworn in next week, will act quickly to strengthen relations with the Arab world, especially the six Gulf states. The Gulf is host to more two million non-resident Bangladeshis, who are also ...
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