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Market

The logo of US conglomerate General Electric is pictured at the company's site in Belfort

General Electric could cut hundreds of UK jobs

13/01/2016(0)
Takeover of Alstom’s power and grid business set to lead to job losses across Europe Approximately 6,500 jobs are at risk across Europe, including more than 600 in the ... Read More
Greece's Finance Minister Yannis Stournaras

Stournaras: Bank of Greece had built defense against plans for parallel currency

13/01/2016(0)
The Bank of Greece had taken measures to prevent clandestine plans to introduce a parallel currency to the euro last summer if negotiations with creditors failed, Governor Yannis Stournaras ... Read More
turkish-lira

Turkish lira subdued after Istanbul blast as global markets edge up

13/01/2016(0)
The Turkish lira lagged an emerging market recovery on Tuesday, staying under pressure after a deadly bomb blast in central Istanbul rattled investors but failed to cause sharp losses. ... Read More
oil-well

When OPEC cuts output, oil prices will begin to climb

13/01/2016(0)
While the consensus view is the the oil price will go even lower yet, once production is reduced it will start rising again. There’s a very good reason why the ... Read More
market

Major Asian stocks close up, Nikkei rebounds 2.88%

13/01/2016(0)
Asia markets closed mostly higher, with some major indexes rebounding Wednesday, in a sign of returning stability even in the face of lingering worries about China and falling commodity ... Read More
china_business_market

The China Syndrome: The Coming Global Financial Meltdown

12/01/2016(0)
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film ... Read More
OPEC logo

OPEC president sees emergency meeting in March

12/01/2016(0)
OPEC president Emmanuel Ibe Kachikwu said Tuesday that he expects an extraordinary meeting of the oil cartel in “early March” OPEC president Emmanuel Ibe Kachikwu said Tuesday that he ... Read More
everything-you-need-to-know-about-chinas-crackdown-on-21-trillion-of-wealth-management-products

Chinese regulator asks banks to cut wealth management yields

12/01/2016(0)
China‘s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling ... Read More
petrolprice

Crude oil prices fall almost 20 percent since beginning of the year

12/01/2016(0)
Crude oil prices continued a relentless dive early on Tuesday, falling almost 20 percent since the beginning of the year as analysts scrambled to cut their 2016 oil price ... Read More
Asian-Market

Asia markets close lower, Nikkei 225 slips 2.71%

12/01/2016(0)
Asia’s major markets closed mostly lower, with investor sentiment in the region remaining fragile as oil prices continued to slide and China concerns weighed. The Australian market erased its ... Read More
Broker Cyprus TopFX