FX Markets

FIVE YEARS AGO IN FX WEEK

FIVE YEARS AGO IN FX WEEK

FX Week, March 1, 1993

Shell Sends Envoy to Japanese Associate

Royal Dutch/Shell Group is taking financial control of a Japanese refining associate that last week disclosed a loss of JPY125 billion for 1992 on speculative forward FX contracts.

Pay Survey Shows Tiny Increase in 1992

Average salaries for treasury staff in London rose by only 1.2 per cent, according to a salary survey conducted by pay consultants Day Associates.

CIBC to Close Frankfurt FX Operation

CIBC will close its Frankfurt FX

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