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The foreign exchange market is the most liquid and most critical financial services market in the world. With an enormous US$2.5 trillion estimated in trade every day, the forex market dwarfs the combined trading volume of all the world’s stock exchanges. For many Australian exporters, the sheer size, scale and complexity of dealing in foreign [...]
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The annual Coface Country Risk conference has been scheduled for late June, hosted by Singapore, with the focus expected to be on the reassessment of country and sector risks in Singapore and around the world. “Our goal is to assist local and multinational businesses in their investment and exporting decisions,” said Julia Humphries, spokesperson for [...]
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The Organisation for Economic Cooperation and Development (OECD) has asked Australia not to underestimate negatives risks inherent in the global economy, despite the positive outlook experienced in our financial markets. Rising confidence and more favourable international trade conditions may lead to more buoyant demand that needs a more rapid rise in interest rates, according to [...]
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At last there is some positive news for a travel sector still recovering from the massive hit to industry in the face of the volcanic ash crisis last month. ConTgo has seen their Mobile Travel Assistant technology evolve into a crisis management tool, as it continues to deliver up to the minute information and solutions [...]
...read moreI have a friend who carries around a large handbag everywhere, yet never has enough room in it to fit even small things she has bought. This is because in addition to the usual arsenal of purse, mobile phone, keys and skincare products, it is filled with a number of items to be used in [...]
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Most people classify export documentation as tedious, but the reality is that if you get it wrong it can damage, or even sink, your business. Making sure you have the right documentation is a vital part of international trade. Thorough, accurate paperwork minimises the risk of problems and delays. There should be a clear written [...]
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International business is a risk, which is why insurance cover is more important than ever for exporters. Here’s a guide to the five most popular export insurance products. Murphy’s Law states: ‘Anything that can go wrong, will go wrong.’ While you may not be as pessimistic as Edward Murphy Jr, it doesn’t hurt to think [...]
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Often regarded as the most difficult to understand aspect of foreign exchange, options can be great tools to have in your business’ currency management kit once you understand what they can do. The global financial crisis and resulting recession across Europe and the USA has caused extreme volatility in currency markets over the last 18 [...]
...read moreGlobal credit agency Coface has increased its world growth forecast to three percent following better expectations of industrialised countries. Global financial crisis survivors Australia, Canada and New Zealand have retained the highest ranking of A1, while the USA, currently on A2, has been placed under positive watch with an upward forecast of 2.3 percent. However, [...]
...read moreThe International Monetary Fund managing director Dominique Strauss-Kahn says the organisation needs to update its mandate and will seek new authority to supervise the global financial system. Following the IMF’s role in the recent global financial crisis, Strauss-Kahn says it’s only natural for the organisation to transform “into an institution even better equipped to meet [...]
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