The Securities and Exchange Commission (SEC) has recently imposed fines totaling $49 million on six major credit rating firms for violating federal record-keeping regulations. This significant regulatory action underscores the importance of adherence to compliance laws and serves as a wake-up call
The financial landscape is continually molded by the tectonic shifts in global currency values, a phenomenon currently highlighted by the devaluation of China's yuan. As the local currency reached a six-month low against a robust US dollar, the ripples have begun to spread far beyond Chinese
In a strategic move that will significantly alter the landscape of financial services in Pakistan, United Bank Limited (UBL) has unveiled its latest venture, UBL Currency Exchange. This new subsidiary is set to deliver a comprehensive array of foreign exchange services, diligently engineered to
The British Pound has slid below the crucial level of 1.2700 against the US Dollar, signaling potential overselling. This downward trend comes as the 10-year US Treasury bond yields give strength to the USD. With significant policies awaiting announcements from the Federal Reserve and the Bank of
In the fast-paced world of currency trading, a notable shift is underway as investors are increasingly placing their bets on the absence of volatility. The forex market, renowned for its intense price swings, seems to be witnessing a period of relative calm, inviting traders to gamble on this
Forex trading, or the exchange of currencies, is a cornerstone of international commerce, enabling businesses to conduct transactions across borders with ease. The need to exchange currencies is the primary reason why the forex market is the largest and most liquid financial market in the world.
