While the regular safety net is a stop loss, now currency options provide more flexibility. When trading foreign currency without the use of a safety measure, an example of which is a stop loss mechanism, is considered as financial suicide.
Sectors
CORRECTED: Alcresta raises US$10 million to help cancer patients
Alcresta announced that it had raised US$10 million to accelerate production and commercialization of its drug that helps cancer patients.
RIL to invest a further US$5 billion in US-based shale gas business
RIL announced that it is to invest a further US$5 billion in US-based shale gas business. Reliance Industries Ltd. revealed that it is going to invest more than US$5 billion over the next three years in its US-based shale gas enterprise.
BAIC Group to buy certain intellectual assets from California-based Fisker
BAIC Group stated that it is planning to buy assets from Fisker Automotive Inc. to enhance its own electric vehicle development.
Bruno Wu and Thomas Middelhoff to create an international media and investment firm
Bruno Wu and Thomas Middelhoff stated that they have combined assets with revenues of around US$2 billion to create a media and alternative investment firm.
Latest News
Swiss National Bank keeps its franc ceiling of 1.20. The Swiss National Bank (SNB) will maintain the franc ceiling of 1. 20 against the euro. The SNB imposed the ceiling on the franc in September of 2011 which allowed it to stockpile foreign-currency reserves that is equivalent to 75% of Switzerland's annual economic output.
Bank of Canada will keep its targets of keeping rates low. The Bank Canada will stick to its targets in terms of keeping rates low despite talks of economic weakness during the G20 meetings in Moscow, Governor Stephen Poloz told reporters on Saturday.
Hong Kong's richest man Li Ka-shing is reportedly considering putting up for sale the ParknShop chain for US $2 billion.
German opposition leader slammed Chancellor Merkel for not telling taxpayers that they will not be "excluded in any way" if the writeoffs continue.
According to speculations by Apple followers, the company's recent hiring of medical and fitness experts could mean that the iWatch is underway.
VF Corp. drops its bid to acquire Billabong, Australia's most popular surfing brand, saying that the asking price was too much.
A man bound on a wheelchair ignited a bomb tonight at China's busy Beijing International Airport.
China discards lending rates to allow financing institutions more freedom in packaging their lending rates.
The German government may be divesting its interest in Germany's second largest lender within the year.
