India
Proof of exposure required before Indian companies can trade FX derivatives
New regulations in India will require companies to prove they have an exposure that needs to be hedged.
ICICI clears and settles first gold contract on SMX
Singapore Mercantile Exchange (SMX) said the Singapore branch of India’s ICICI Bank began clearing and settling trade activities for SMX with its first trade cleared on December 30, 2010 for the SMX Singapore-deliverable gold futures contract.
Emerging markets will fight the flow of capital
Bhanu Baweja, emerging markets strategist at UBS in London, looks at which emerging markets are heading towards capital controls
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
Ability of Bric nations to revive global economy exaggerated, say analysts
The contribution of Brazil, Russia, India and China to the world economy is still too small to compensate for low demand in advanced economies.
Credit Suisse gets green light in India
MUMBAI - Credit Suisse has received a licence from the Reserve Bank of India (RBI) to establish a bank branch in Mumbai, it said last week.
Russia targets CLS inclusion by 2015
Settlement risk in Russia's ruble is preventing the currency realising its global ambitions
Investors ditch Bric basket plays as correlation soars
Correlation between Bric currencies has risen steadily since the onset of the crisis as investors have allocated heavily in favour of emerging markets rather than G-10 currencies
Indian banks sign up for FX forwards central clearing
CCIL forwards clearing initiative sees slow take-up
A global power shift
Gerard Lyons, chief economist at Standard Chartered in London, believes the balance of power could shift as the global economy recovers in 2010.
