foreign-currency love

foreign-currency

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Etymologies

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Examples

  • Underscoring the urgency in senior levels in the Brazilian government to tackle the rising real, Mr. Mantega announced the new measure—an extension of a 6% tax on short term foreign-currency loans to longer dated paper—during a prime time televised news conference.

    Brazil Adds Tax on Foreign Loans

  • The ratings companies, acting less than nine hours apart, cut their long-term foreign-currency ratings to AA from AA-plus and the local-currency ratings to AA-plus from AAA, with stable outlooks.

    S&P, Fitch Downgrade New Zealand

  • MOSCOW—Standard & Poor's Ratings Services cut its long-term foreign-currency rating for Belarus to single-B from single-B-plus, warning that the country was rapidly running out of foreign currency, while residents lined up at exchange offices in the capital seeking to convert their rubles.

    Belarus Downgraded by S&P

  • * Deferring exchange differences on long-term foreign-currency monetary assets and liabilities, and recognizing such differences over the period of the underlying asset/liability IFRS requires all such differences to be immediately recognized in the profit-and-loss account

    Taking Stock of India's New Accounting Policy

  • … Don't hold your breath though for S&P, Fitch or Moody's to follow through quickly on the long-term foreign-currency front, said Tim Ash , an economist at RBS in London.

    S&P Upgrades Turkey's Local-Currency Rating

  • Mr. Lee's government introduced a cap on onshore banks' foreign-exchange forward positions to curb speculation on the won, reintroduced a tax on foreign investment in local bonds, and set a levy on banks' offshore debt to encourage longer-term foreign-currency borrowing.

    Seoul Stays Vigilant on Capital Flows

  • Tuesday's move by the Belarus central bank, confirmed by a spokesman, comes a week after Standard & Poor's cut its long-term foreign-currency debt ratings for the country to the highly speculative single-B from single-B-plus, warning that Belarus was rapidly running out of cash.

    Belarus Halts Forex Sales to Banks

  • In November, Standard & Poor's raised its ratings on the Philippines for the first time in 13 years, ranking the country's long-term foreign-currency debt at double-B, up from double-B-minus, and raising hopes among officials here that the Philippines could be beginning a series of upgrades.

    Manila Pushes to Lift Debt Ratings

  • But the authorities have recently grown concerned about a spike in short-term foreign-currency borrowing from local banks as well as a spike in nondeliverable forward contracts.

    Seoul Likely to Tighten Cap on Money Flows

  • Standard & Poor's rates the Philippines' long-term foreign-currency debt BB with a stable outlook, while Fitch Ratings rates it BB+ with a stable outlook.

    Philippines Raises $1.5 Billion Via Global Bond

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