Archives
Google rejects EU’s antitrust complaints citing benefits to consumers and advertisers
August 28th, 2015
Google (Nasdaq:GOOG) has rejected the European Union’s antitrust complaints against it, saying the case is “wrong as a matter of fact, law and economics”. The company’s comments came in its lengthy reply to the EU, which accused the internet ...
Oil markets extend gains after biggest daily climb in six years
August 28th, 2015
Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. U.S. crude are on track for their first weekly ...
Asian Markets Ride Tide of Strong U.S. Growth
August 28th, 2015
Shares in China, Japan continue streak of gains Asian markets rose Friday as renewed optimism about the U.S. economy and China’s recent stock gains offset worries about global growth. The Shanghai Composite Index opened up 1.4%, adding to its ...
US economic growth revised up sharply to 3.7%
August 27th, 2015
The US economy grew by far more than previously thought between April and June, revised figures have shown. The economy grew by an annualised rates of 3.7%, up from the first estimate of 2.3%. Growth of 0.6% in the ...
Greek bourse calms down after rocky start – Tsipras Risks a Fragmented Parliament
August 27th, 2015
Following the roller-coaster ride during the first two sessions of the week, trading was stable on the Athens Stock Exchange on Wednesday. The general index moved up just 0.16 percent to 622.72 points. Turnover, however, was down considerably on ...
UAE shares rise sharply in line with US and oil price recovery
August 27th, 2015
UAE shares rose sharply on Thursday morning, on the back of US and Asian stock markets, and a rebound in the price of crude oil. Dubai’s headline index surged 4 per cent at the opening bell on Wednesday, and ...
New report from ACCA asks the world’s smallest businesses, “Are you ready for growth?
August 27th, 2015
ACCA talked to SMEs from across the globe to create a guide for CFOs of fast-growing small businesses A new report from ACCA (Association of Chartered Certified Accountants) has collated evidence from across the world of the key role ...
RBI on bitcoin: Closely monitoring crowdfunding space, crypto currencies
August 27th, 2015
Reserve Bank Governor Raghuram Rajan today said it is closely monitoring the crowdfunding space to check if it poses any concerns, while it also called for an active “market intelligence” mechanism on crypto currencies. Reserve Bank Governor Raghuram Rajan today said ...
Bank of Cyprus: Group Financial Results for the six months ended 30 June 2015
August 27th, 2015
Key Highlights • Improving funding structure; loans to deposits ratio (L/D) declined to 136% (138% at 31 March 2015) and customer deposits accounting for 54% of total assets (51% at 31 March 2015) • ELA reduced by €1 bn ...
Serious Fraud Office interviews Deutsche Bank traders as it steps up criminal probe into Libor rigging
August 27th, 2015
The Serious Fraud Office has interviewed present and former Deutsche Bank traders as it steps up its criminal probe into the manipulation of Libor interest rates. At least one banker is thought to have been interviewed under caution, meaning ...
