The Richest Woman in the World: How Gina Rinehart Earns her Billions
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
Here's an intercurrency spread trade recommended by BNP Paribas SA. A spread trade is when you sell one currency and buy another, looking for the trade to go in your direction. In this case, the recommendation is to sell the U.S. dollar and buy the Swiss Franc. This means the expectation is for the dollar to go down and the Swiss Franc to go up.
BNP Paribas is one of the world's largest currency traders. The basis for the trade is technical. In other words, the recommendation is made strictly on price movement, without regard for fundamental factors such as strength of one economy over the other.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
