The recent move by the Reserve Bank of Australia to cut interest rates and provide support to the economy is inextricably linked to the global 'currency wars', argues a note from BMO Capital Markets.
George Soros has reportedly made £40m in a day through a short position on the Australian dollar.
Morningstar UK Ltd, a subsidiary of Morningstar, Inc. has named Daniel Needham as global chief investment officer of Morningstar Investment Management and managing director of Morningstar Investment Management Europe.
Dutch alternative investor IMQubator and Australian hedge fund seeder Scout Global Funds are to co-seed the Romanesco Capital Management Persistence Fund, a systematic trading strategy.
Intesa Sanpaolo is to open a representative office in Sydney in order to seek new business opportunities with Italian clients.
Andy Seaman, partner and portfolio manager at Stratton Street says the recently concluded deal between Australia and China over currency convertibility points the way on international trade developments.
AMP Capital is to invest $100 million in Capistrano Wind Partners, a company formed last year by Edison Mission Energy (EME), TIAA-CREF and Cook Inlet Region Inc. (CIRI) to develop, own and operate a diversified portfolio of large-scale wind energy projects...
Analysis firm Axioma says its Insight Quarterly Risk Review of eight markets and regions has found risk continued to ease across the world in the fourth quarter of 2012, and does not see any signs of risk increasing in the near term.