BNET Business Dictionary
Business Definition for: Blocked Currency
- a currency that people cannot easily trade for other currencies because of foreign exchange control
Additional Resources
- Yen blocked: Japanese currency hedging. (effect of currency fluctuations on Japanese exporters)
- Many Japanese exporters lost a great deal of money because they did not anticipate the rise in the Yen during the first few months of 1994. Some exporters are now buying options to hedge against further increases. Changes to forward-currency contracts may also affect exporters.EXPORTERS in Japan worry about the...
- Research articles 1994-03-26
- China warns U.S. over censorship criticisms
- BEIJING - China hit back hard against U.S. criticism of Beijing's controls over the Internet, saying on Friday that Washington's push against online censorship could harm relations between the two big powers. U.S. Secretary of State Hillary Clinton's speech against Internet censorship on Thursday raised contention with Beijing over cyber...
- News items 2010-01-22
- Weekend Round-Up
- Sunday Times Joe Lewis blocks Archie Norman from Mitchells & Butlers top job Billionaire currency trader Joe Lewis has blocked the appointment of newly appointed ITV chairman Archie Norman as non-executive chairman of pub group Mitchells & Butlers. Lewis holds almost 23% of...
- Blog posts 2009-11-30
- China Scorns U.S. Over Google Dispute
- By Ben BlanchardBEIJING (Reuters UK) - Chinese state media stepped up their war of words with the United States over Internet control on Tuesday, with a top newspaper claiming a U.S. conspiracy and saying China can live without Google.China's Foreign Ministry, however, also signalled it did not want the dispute...
- News items 2010-01-26
- Media in China dismiss U.S. Internet push
- BEIJING/WASHINGTON (Reuters) - Chinese media on Friday dismissed Washington's call to lift Internet censorship, after a top Chinese diplomat warned the Obama administration to heed alarm bells over trade, Taiwan and Tibet. The Chinese government had no immediate response to U.S. Secretary of State Hillary Clinton's speech on Thursday...
- News items 2010-01-21
- Greece to Test Water With Bond Sale
- By Lefteris PapadimasATHENS (Reuters UK) - Greece will shortly test its fading appeal for international investors with a bond issue worth up to five billion euros, it said on Friday, as the country's funding costs soared further.Bond investors, cautious after weeks of debate about whether Greece can service its huge...
- News items 2010-01-22
- Key Opposition Leader Backs Dollarization Plans
- Reuters reported that key opposition powerbroker Jorge Marun has provisionally agreed to back President Jamil Mahuad's plan to adopt the U.S. dollar as Ecuador's sole legal currency. Marun, leader of the Roldosista party, whose support is essential for Congressional approval of the plan, said he would back Ecuador's shock economic...
- Research articles 1970-01-01
- Concert Shows Why Banks Are Afraid Of Facebook
- At the Wilco concert two nights ago, I couldn't help noticing that almost everyone in the audience was busy snapping pictures with their cell phones and quickly uploading them to Facebook. I couldn't help noticing this because most of us were standing on the infield of Keystone Park, where the...
- Blog posts 2009-07-16
- A giddy ride on the M&A carousel
- In January 2000, as Steve Case unveiled the all-stock $164bn merger between AOL and Time Warner, the AOL chief executive declared it an historic moment that would transform the competitive landscape of the media business and the way people used the internet forever. A decade later, the "deal of the...
- News items 2009-12-27
- Argentine President and Central Bank in Standoff
- RIO DE JANEIRO ? A disputed plan by President Cristina Fernández de Kirchner of Argentina to use billions of dollars in foreign currency reserves to repay debt has inflamed political tensions in that country, Latin America's third-largest economy. Mrs. Kirchner's cash-poor government is seeking to use $6.5 billion of Argentina's...
- News items 2010-01-11
- Telefonica Profit May Miss Target After Venezuela Devaluation
- Jan. 12 Bloomberg -- Telefonica SA, Europe's second- largest phone company, may fall short of profit targets as Venezuela's currency devaluation highlights risks in Latin America, its fastest-growing market, some analysts said.Venezuela's decision to devalue the bolivar by 50 percent may halve the more than $2 billion Telefonica had expected...
- News items 2010-01-12
- Obama the fightback kid
- Taking a stance ... Barack Obama. Whoever is responsible for cyber attacks on American industry and defence, the brouhaha has given the US President an opportunity to stand up to China. John Garnaut reports. For all the international pillorying of Barack Obama for allowing himself to be outmanoeuvred in his...
- News items 2010-01-17
- China Steps Up Defense of Internet Controls
- By Chris BuckleyBEIJING (Reuters) - China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.China has defended its curbs on the Internet nearly two weeks after...
- News items 2010-01-25
- Corrected: China steps up defense of Internet controls
- BEIJING (Reuters) - China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers. China has defended its curbs on the Internet nearly two weeks after...
- News items 2010-01-25
