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Exchange Controls
Exchange Controls
Exchange Controls
Exchange Controls
Exchange Controls

The following information is about Exchange Controls.

Exchange Controls Defined

The regulations by which a country's banking system controls its residents' or resident companies' dealings in foreign currencies and gold.

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Brown-Forman Reports 4% Second Quarter Operating Income Growth in Challenging Economic Environment; EPS Growth of 13%

Published December 5, 2008, 4:00 am, Business Wire via Yahoo! Finance

LOUISVILLE, Ky.----Brown-Forman Corporation reported that diluted earnings per share from continuing operations1 increased 13% to $0.94 and operating income increased 4% to $222 million for its fiscal 2009 second quarter.

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UPDATE 1-Gazprom to ask state for $3.6 bln for power units

Published December 5, 2008, 2:36 am, The Forex Market

ST PETERSBURG, Russia, Dec 5 (Reuters) - Russian gas giant Gazprom will ask the government to fund 100 billion roubles ($3.58 billion) of investments into its electricity units in 2009, the company's deputy chairman said on Friday.

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Speed reveals bitter row behind his sacking

Published December 4, 2008, 11:41 pm, Camden Haven Courier

1 Can you confirm reports that your stance on Zimbabwe led to a row with Ray Mali, which prompted the council to place you on "gardening leave" for the last eight weeks of your contract?

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Icahn goes bargain basement hunting

Published December 4, 2008, 3:54 pm, CNET

Yahoo director and major shareholder Carl Icahn, in an SEC filing, outlines the reason for his recent increased stake in the struggling Internet search company.

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VeraSun Energy Receives Final Bankruptcy Court Approval for Debtor-In-Possession Financing Totaling $196.6 Million ...

Published December 4, 2008, 3:11 pm, PR Newswire via Yahoo! Finance

VeraSun Energy Corporation announced that the U.S. Bankruptcy Court has entered orders granting final approval for debtor-in-possession financing totaling $196.6 million, including $93.6 million of incremental financing, $25 million of which was previously loaned to the Company on an interim basis, to be provided by certain holders of VeraSun's 9 7/8% senior secured notes due 2012.

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Venezuelan Overnight Bank Rate Rises to 15-Month High (Update1)

Published December 4, 2008, 2:34 pm, Bloomberg

Dec. 4 (Bloomberg) -- Venezuela’s average overnight lending rate rose to 29 percent today, the highest since September 2007, as a shortage of liquidity sent banks searching for short-term loans.

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Pulte chairman says he"™ll sell up to 5 million shares of company stock

Published December 4, 2008, 2:24 pm, Crain's Detroit Business

William Pulte, founder and chairman of Bloomfield Hills-based Pulte Homes Inc., intends to sell up to 5 million shares or 12 percent of the shares he controls, according to paperwork filed with the U.S.

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Background Note: New Zealand

Published December 4, 2008, 2:01 pm, Scoop.co.nz

Geography Area: 270,500 sq. km.; about the size of Colorado Cities (December 2006): Capital --Wellington (450,600). Other cities --Auckland (1,237,239), Christchurch (338,748), Hamilton (130,000).

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Going green in business: Free online conference for private and public sector executives

Published December 4, 2008, 1:42 pm, Naples Daily News

Virtual Energy Forum (www.VirtualEnergyForum.com), the premier online conference for private and public sector executives to learn, meet and interact on topics such as sustainability, alternative energy, clean technologies, green buildings and operations, will take place entirely online on Wednesday Dec. 10th and Thursday Dec. 11th between 9:00 a.m. and 7:00 p.m. EST.

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Digital River Announces Put Option Notification for 1.25% Convertible Senior Notes Due 2024

Published December 4, 2008, 1:32 pm, Centre Daily Times

Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, today announced that it is notifying holders of its 1.25% Convertible Senior Notes due 2024 (the Notes) that they have the right, pursuant to the terms of the Notes, to require Digital River to repurchase their Notes for cash (the Put Option).

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