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Offshore Currency Trading News
Offshore Currency Trading News
Foreign Currency Trader Sentenced on Tax Charges
An investor in a foreign currency trading fund has been sentenced to five years in prison for evading more than $150,000 in taxes.
Read more...S.Africa moots mining wealth fund to cap rand gains
JOHANNESBURG (Reuters) - South Africa's ruling ANC is considering starting a sovereign wealth fund from proceeds of a proposed new mining tax that could be used to intervene in the market to cap gains in the rand currency in times of a commodity boom. Such a move would be a departure from current policy under which the Reserve Bank does not actively intervene in the market to target a level for ...
Read more...City ‘to be offshore currency market for China’
City ‘to be offshore currency market for China’
Read more...HSBC appoints UK-based head of renminbi business development
In a newly created role, Paul Gooding will lead HSBC's efforts in helping to develop London as an offshore renminbi centre.
Read more...London seeks major slice of offshore yuan market
The government said Monday it will partner with Hong Kong to develop the City of London as a major offshore centre of trade in China's yuan currency.
Read more...Britain seeks major slice of offshore yuan market
Britain said Monday it will partner with Hong Kong to develop the City of London as a major offshore centre of trade in China's yuan currency.
Read more...HSBC Names Gooding to Head Yuan Business in London
HSBC Holdings PLC has appointed an executive in London to lead the bank's efforts in helping the city become a trading hub for the Chinese yuan, as yuan-related business has become an important source of growth for the British bank.
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