February 22, 2006

Emerging currencies decline

Permalink: Emerging currencies decline by Brian Turner The decline of the Icelandic krona by 4.6 percent in relation to the US dollar on Tuesday sent a number of emerging and high-yield currencies down on Wednesday morning as investors reacted to the krona’s decline. Tuesday’s drop in the krona led Fitch to lower Iceland’s country rating to “negative” from “stable” due to its current account deficit and ...

February 14, 2006

South Africa exchange may offer IPO

Permalink: South Africa exchange may offer IPO by Brian Turner Following a trend among exchanges worldwide, the Johannesburg Securities Exchange will decide at a meeting in March whether to float an initial public offering as a way of improving corporate governance in the face of increased competition. Many of its largest companies have moved their primary listings to London in the past few years, with listings on the JSE ...