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Mis-sold swaps may cost UK banks billionsBritish banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. The interest-rate swaps are More… |
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Syria rebels free 48 Iranians in prisoner swapSyrian rebels freed 48 Iranian hostages on Wednesday in exchange for the release of more than 2,000 civilian prisoners held by the Syrian government, the head of a Turkish aid agency which helped broker the deal said. The Syrian r More… |
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IIFM to launch template for profit-rate swapsInternational Islamic Financial Market (IIFM) is set to launch a template for Sharia-compliant profit-rate swaps, designed to help in hedging risk in frequent cross-currency transactions next year, said its chief executive. Ijlal Alvi said More… |
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US cracks down on commodity tradersThe United States is set to pass narrowly on Tuesday its toughest measures yet to curtail speculation in commodity markets, likely shifting the focus of a fierce four-year debate from the regulators to the courts. In a measure decried by W More… |
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Russia, US swap 14 spies in Cold War-styleRussia and the US conducted the biggest spy swap since the Cold War yesterday (July 9), trading agents on the Vienna airport tarmac in an evocative climax to an espionage drama that had threatened improving ties. Two aircraft -- one Russia More… |
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UAE sets rates for new swap facilitiesThe United Arab Emirates central bank on Thursday posted the spot and forward exchange rates for its new swap facilities with maturities ranging from one-week to 12 months. The central bank of the world's fifth-largest oil exporter sai More… |
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Saudi swaps to last four yearsSwap agreements allowing non-resident foreign investors indirect ownership in listed Saudi firms will last a maximum four years, the Saudi bourse regulator was quoted as saying on Tuesday. The Capital Market Authority (CMA) last week said More… |
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Algeria asks Russia to swap MiG-29s for Su-30 fightersAlgeria has asked Russia to deliver between 14 and 16 additional Su-30 Flanker fighters in exchange for the MiG-29 Fulcrum aircraft it was supposed to receive under a contract that was terminated this year, a Russian business daily said. More… |
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New Ithmaar shares set for tradingShamil Bank shareholders will be able to trade new shares of Ithmaar Bank on the Bahrain Stock Exchange from Monday. Ithmaar has taken over its smaller affiliate and de-listed its stocks. Shamil Bank, now a wholly-owned subsidiary More… |
