Brazil
Intl FCStone set for yearly payments of $1bn in Brazil
Exotic markets payments provider says volumes are up threefold since obtaining a banking licence in the country
Germany or Brazil most likely to win World Cup – UBS
A report, ‘Investing and football’ from UBS Wealth Management’s chief investment office, assesses team prospects at the tournament
Dollar’s rise and flagging risk sentiment dampen EM - SEB
Reduced risk appetite is currently affecting the EM currencies, but strong economic growth could help them to recover in the second half of the year
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX
Central banks establish GFXC to monitor Global Code's progress
Public and private-sector partnership will include 16 central bank reps; Salmon as first chair and Puth as vice-chair
Emerging market risks diverge further as Fed hike looms
Standard Life updates its EM heat map to assess resistance to future shocks
Brics nations launch development bank
Brazil, Russia, India, China and South Africa launch new institution to solve transaction settlement issues
FX Focus - EM currency markets face fragmented 2014
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
Saxo appoints Pedro Borges to head Saxo Bank Brazil
Saxo Bank has opened its third office in South America as it looks to expand its presence in the Latin American market
Russian banks weigh up benefits of CLS membership
Local liquidity providers are pivotal to CLS success in the ruble, but Russian banks are not yet convinced of the benefits of membership
Volkswagen Brazil chooses FXGO to manage currency risk
German car-maker's Brazilian subsidiary plans to employ Bloomberg's FXGO across South America to manage global currency exposure
CLS faces uphill battle to meet currency expansion targets
FX settlement system aims to add another 17 currencies within 10 years, but some caution that CLS membership doesn't make economic sense for certain emerging market currencies
Traders prepare for HFT shift into emerging markets
Better infrastructure and deeper liquidity is attracting high-frequency traders to exploit EM currencies, say traders and technology providers
BM&F Bovespa plans to integrate clearing houses
Plan to combine four clearing houses into one will result in margin efficiencies of 30-40%, the exchange estimates
Questions raised over LatAm growth potential
Former head of FX macro sales at Goldman Sachs believes growth in Latin America may have reached its limit, despite widespread focus on currencies such as the Brazilian real
Spotlight on: Jaime Roblesgil, Citi
Citi’s managing director of markets and regional head of Latin America talks to Melanie White about the bank’s growth strategy in the region, and the changes in client appetite for emerging market currencies as a result of the crisis
Investors flock to the Mexican peso
Following significant appreciation of the Mexican peso during the first quarter of 2012, the currency has become a favourite emerging market bet for investors, and market participants believe it will stay that way. Melanie White reports
Economic recovery on track but risks remain, warns IMF
Global growth should rise from 3.5% to 4.1% next year, although capital flows into emerging markets give some cause for concern, according to a senior IMF official
FX market looks to Brazil for LatAm returns
Brazil is a key area of focus for FX banks and interdealer brokers this year, despite the erratic behaviour of the Brazilian real towards the end of 2011 and the challenges arising from the currency’s non-convertibility. Melanie White reports
Icap targets Indian rupee fix on EBS by Q3
Investment in capabilities for currencies of Brazil, Russia, India and China is set as a top priority for 2012 by EBS senior management
Spotlight on: Alan Bozian, CLS
The chief executive of CLS talks to Joel Clark about the transformation agenda he has been pushing since taking the top role in 2010, as he seeks to position CLS as a more robust infrastructure with greater currency coverage and broader participation
Banca IMI goes global
Since joining Banca IMI from Barclays Capital earlier this year, Nicola Baiocchi Di Silvestri and Nicola Giaretta have been tasked to build the Italian bank’s corporate FX, rates and commodities sales capabilities globally as it prepares to launch a new…
FX Invest: US dollar's time as world's reserve currency draws to a close
With the European sovereign debt crisis grabbing headlines, markets might be forgiven for overlooking the nearing end of a second round of quantitative easing in the US. Debate over its success raises deeper questions about the role of the US dollar as…
Spotlight on: Tod Van Name, Bloomberg
Bloomberg’s global head of foreign exchange talks to Chiara Albanese about the company’s progress since it entered the FX market in 2000, and how it is preparing for regulatory change and the advent of Sefs