Daily News; White Plains

from January 01, 2004
Last Document: April 13, 2009

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Daily News; White Plains

Daily News; White Plains, April 13, 2009

National

Rise in 2008 Global Fx Volume Slows: Greenwich

NEW YORK (Reuters) - Global trading volume in the $3.2 trillion foreign exchange market in 2008 expanded from 2007 but the pace of growth was slower than in the previous two years, according to Greenwich Associates. In a report released on Monday [April 13], the firm said last year's trading volume rose 15%, with the increase in activity among companies and large financial institutions more than offsetting the collapse of hedge fund currency trading. The 15% rise last year was a sharp slowdow...

Some Madoff Investors Push Swindler Toward Bankruptcy

NEW YORK (Reuters) - In a move to ensure that all of the personal assets of jailed swindler Bernard Madoff are used to pay his defrauded customers, some investors filed court papers on Monday [April 13] to force him into involuntary bankruptcy. A judge last week opened the door for the petition by reversing his December ruling preventing any such legal action, over the objections of U.S. prosecutors, the Securities and Exchange Commission regulator and a court-appointed trustee winding down t...

Meiji Yasuda to Cut Unhedged Foreign Bonds

TOKYO (Reuters) - Japan's Meiji Yasuda Life Insurance Co. said on Monday [April 13] it planned to cut its unhedged foreign bond holdings while increasing its hedged foreign bond holdings this business year to offset currency risks. The nation's third-largest life insurer by assets also said it has been experimenting with trades in yen swap rates since March to seek higher yields, and said it would boost its yen bond holdings mostly in super-long Japanese government bonds.