The Dollar dropped against Yen on Thursday, pushed by Wall Street's plunge as fears of a worldwide downturn that was much deeper than initially thought made investors shift in the safer assets.
On Tuesday, the dollar rose as lower oil prices and volatile stock markets created risk aversion that sent investors scurrying for the perceived stability of the greenback.
The U.S. currency hit a one-year high against the Swiss franc, the U.K.
A little noticed trade on shares of VW may cost hedge funds billions of dollars in losses. And several investment banks are also rumored to have been on the losing end of the trade. What happened is that these investors bet that VW shares would fall and they were spectacularly wrong. Besides their own poor judgment, German financial reporting practices are coming in for some of the blame.
Tao Heavy Industries (THI) has listed on the WSE as an IPO2 Million Shares have been made available to the public.To log into the NEW WSE systemWorld Stock Exchange (http://wse.hopecapital.com.au/)I will open a public group for investors and be publishing company announcements to the WSE systemOn a side note the new system is MUCH MUCH better.
The Metaverse Stock Exchange is merging with the rival World Stock Exchange, which was launched by LukeConnell Vandeverre’s Hope Capital last month but has been beset by technical problems that have frustrated traders and investors.
