Search Results for: Federal Reserve
ASX: GDP beats forecasts in Q1
June 3rd, 2015
The Australian economy grew at a faster pace than economists expected in the March quarter, data from the Australian Bureau of Statistics shows. Gross domestic product (GDP) grew a seasonally adjusted 0.9 per cent in the three months to the end ...
Nasdaq to settle Facebook IPO lawsuit for $26.5 million
April 27th, 2015
In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million (17.60 million pounds) to settle a class-action lawsuit involving its bungling of Facebook Inc’s $16 billion initial public offering, the plaintiffs’ lawyers said. ...
UAE moving towards allowing 100% foreign ownership of businesses outside free zones
March 31st, 2015
Plans for a law to allow full foreign ownership of companies outside free zones in strategic sectors are at an advanced stage, the Minister of Economy said. At a the Annual Investment Meeting in Dubai on Monday, Sultan Al ...
Annual result of the Swiss National Bank for 2014
March 6th, 2015
The Swiss National Bank (SNB) is reporting a profit of CHF 38.3 billion for the year 2014 (2013: loss of CHF 9.1 billion). The profit on foreign currency positions amounted to CHF 34.5 billion. A valuation gain of CHF ...
Citigroup unit probed by more authorities over money laundering
February 26th, 2015
Citigroup Inc (C.N) said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. (Read more: International and regional bodies that combat money laundering ) The Financial Crimes Enforcement Network, a unit of ...
HSBC whistleblower spills Lynch evidence to Senate
February 19th, 2015
Massive drug, terrorism scandal ropes in Obama’s AG nominee The Senate Judiciary Committee on Wednesday conducted a two-hour session with HSBC whistleblower John Cruz in its investigation of attorney general nominee Loretta Lynch’s role in the Obama administration’s decision ...
Dukascopy: Changes in the swap-free conditions
February 3rd, 2015
Dukascopy Bank‘s Overnight Policy is aimed at providing highly competitive rollover conditions to its clients in order to underline the Bank’s leadership in the FX industry. Dukascopy Bank applies different rollover rates to ensure that higDukascopy Bank’s Overnight Policy ...
SEC Charges UBS Subsidiary With Disclosure Violations and Other Regulatory Failures in Operating Dark Pool
January 16th, 2015
The Securities and Exchange Commission today charged a subsidiary of UBS with disclosure failures and other securities law violations related to the operation and marketing of its dark pool. UBS Securities LLC agreed to settle the charges by paying ...
Swiss National Bank expects annual profit of CHF 38 billion
January 9th, 2015
Large annual profit allows for supplementary distribution According to provisional calculations, the Swiss National Bank (SNB) will report a profit in the order of CHF 38 billion for the 2014 financial year. The profit on foreign currencypositions amounted to ...
Aussie Near 4-Year Low as Lowe Says It May Weaken; Won Advances
November 26th, 2014
Australia’s dollar traded 0.3 percent from a four-year low after central bank Deputy Governor Philip Lowe said yesterday the currency will probably depreciate in line with commodity export prices. The yen was near the weakest level in seven years ...
