Archives
Greece will need EU/IMF consent to cover funding needs via T-bills
January 12th, 2015
Greece‘s leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a January 25 election, the finance ministry said on Monday. Syriza, which is ...
IronFX Global is granted permission from CONSOB, to establish a branch in Italy.
January 12th, 2015
On January 8 2015, Cyprus – IronFX Global, the Global Leader in Online Trading, announced that it has been granted authorization from CONSOB, the Italian regulator (Commissione Nazionale per la Societá e la Borsa), for the establishment of a new ...
HSBC, RBS Expected to Cut Bonuses After FX Fines
January 12th, 2015
HSBC Holdings Plc and Royal Bank of Scotland Group Plc are expected to reduce bonus pools after deducting part of the fines paid for foreign-exchange manipulation, the Financial Times reported. Bonus pools at banks including Deutsche Bank AG (DBK) and Barclays Plc (BARC) were also ...
140 current female KPMG US employees join lawsuit against firm
January 12th, 2015
More than 140 current KPMG US fee-earning female staff have opted in to a lawsuit against the firm. Lawyers contacted 9,000 current and former fee-earning female staff from KPMG in the US, in October 2014, to join the class action. A former ...
SEC eyes transfer agents in new front against U.S. stock fraudsters
January 12th, 2015
In their battle to root out microcap stock fraudsters, U.S. securities regulators are turning their attention to the obscure world of transfer agents, who are sometimes in a position to prevent scams, or help to enable them. Transfer agents ...
Oil prices extend falls; Goldman Sachs slashes price forecasts
January 12th, 2015
Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were hit by fires over the weekend, curtailing demand for crude in the U.S. Both Brent and U.S. crude are ...
Alibaba, South Korean City Of Incheon Mulling $912M Joint Investment In ‘Alibaba Town’
January 12th, 2015
China’s Alibaba Group Holding and the South Korean city of Incheon are in talks for a joint investment worth 1 trillion won ($912 million) in a new business area in the city, local media reported Monday. The new area, ...
Dollar Slips on Wages as Oil Drops; Chinese Stocks Drop
January 12th, 2015
The dollar fell for a second day after an unexpected drop in U.S. wages clouded the outlook for interest rates, and crude oil resumed declines. Billionaire Li Ka-shing’s Cheung Kong Holdings Ltd. surged in Hong Kong after a reorganization, while ...
FTSE rises as Tesco shares bounce back
January 8th, 2015
A rally by Tesco helped to lift Britain’s top equity index on Thursday, as investors warmed to the supermarket group’s restructuring plans. The FTSE 100 index was up by 1.3 percent at 6,503.04 points in early trading. Tesco was the best-performing ...
Oil-Product Prices Fall as Supplies Climb
January 8th, 2015
U.S. Inventory Data Confirm the Market Is Still Oversupplied Prices at the gas pump are heading even lower. Gasoline futures fell to nearly a six-year low on Wednesday after U.S. government data showed oil and fuel supplies rising to ...
