Archives
Bank of Russia: Termination of activity of provisional administration
January 19th, 2015
Due to the ruling of the Arbitration court of the Khanty-Mansi Autonomous Area — Yugra, dated 24 December 2014 on the forced liquidation of the credit institution open joint-stock company Bank Purpe (Bank of Russia Registration No. 709, date of registration — 2 November 1990) and appointing a liquidator in compliance with Clause ...
Banks Battle Speculation Denmark’s Euro Peg at Risk: Currencies
January 19th, 2015
Banks in Scandinavia are joining the Danish government in trying to persuade offshore investors that the Nordic country isn’t about to copy Switzerland and drop its euro peg. SEB AB, the Nordic region’s largest currency trader, said it’s been fielding calls ...
Japan stocks plunge as yen surges; Sony down 4.1%
January 16th, 2015
Dramatic moves on the forex market sent Japanese stocks barreling lower out of the Friday open, with the Nikkei Stock AverageNIK, -1.43% down 2.1% (erasing the previous day’s 1.9% rally) and the broader Topix weaker by 1.8% in the early minutes. ...
Google and Apple in $415m ‘non-poaching’ settlement offer
January 16th, 2015
Four of the world’s biggest tech giants – Apple, Google, Intel and Adobe – have agreed to a new settlement of $415m (£273.5m) in an attempt to resolve a lawsuit. The US lawsuit alleged the firms agreed not to ...
Euro pinned near 11-year low as SNB move beefs up bets on ECB stimulus
January 16th, 2015
The euro languished just above an 11-year trough on Friday as investors wagered that the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week. The ...
Asian Stocks Slide With U.S. Futures, Bonds Climb on SNB
January 16th, 2015
Asian shares dropped with U.S. index futures as the market turmoil sparked by Switzerland abandoning the franc’s cap extended into a second day. Sovereign bonds rallied and gold traded near a four-month high. The MSCI Asia Pacific Index fell 0.6 percent ...
Silver futures fall by Rs 515 per kg on profit-booking
January 15th, 2015
Silver prices fell sharply by Rs 515 to Rs 37,415 per kg in futures trade today due to profit-booking by speculators amid a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in March traded lower by Rs 515, or ...
Yen falls against dollar, euro as Nikkei recovers
January 15th, 2015
The yen weakened against the dollar and the euro in Asian trade Thursday, as a recovery in Tokyo stocks prompted selling of the safe-haven Japanese currency. The dollar USDJPY, +0.34% was at ¥117.74 compared with ¥117.27 late Wednesday in New York and ...
Kotak Mahindra Bank taps social media for savings account
January 15th, 2015
India’s Kotak Mahindra Bank has launched a savings account that can be opened and managed via Twitter and Facebook. Following last year’s launch of the Jifi current account, Kotak has introduced a Jifi Saver account, which offers customers an ...
Bank of Russia Picks New Monetary Policy Chief as Ruble Plunges
January 15th, 2015
Russia’s central bank replaced its head of monetary policy after a series of emergency measures failed to contain the ruble’s decline, drawing criticism from President Vladimir Putin. Dmitry Tulin, a former central bank official who also worked at the International Monetary ...
