Search Results for: Gold

Profit Surges at Morgan Stanley

July 17th, 2014 (0)
Morgan Stanley said on Thursday that its second-quarter earnings surged, driven largely by growth in the firm’s wealth management operations and by strong performances in investment banking and equity sales. Excluding certain charges relating to its debt and a ...

World Bank Report: Bitcoin is a ‘Naturally Occurring’ Ponzi

July 17th, 2014 (0)
A recently published World Bank policy research working paper on Ponzi schemes mentions bitcoin as a “naturally occurring Ponzi”, clarifying that it has nothing to do with deliberate Ponzi schemes, as some bitcoin critics have claimed. Kaushik Basu, World ...

New sanctions cause Russian shares and rouble to tumble

July 17th, 2014 (0)
The United States imposed its toughest sanctions yet on Moscow on Wednesday, and Russian stocks and the rouble tumbled on Thursday. Safe-haven assets such as gold, yen and German bonds rose. The rouble-traded MICEX stock market dropped 2.5 percent ...

MP Andrew Mitchell invested in scheme HMRC says avoided tax

July 17th, 2014 (0)
Former government chief whip Andrew Mitchell has invested in a high-profile film financing company considered to be a tax avoidance scheme by HMRC. Tax collectors say the scheme’s investors can expect to receive big tax bills in the coming ...

Asia stocks manage muted cheer for China growth

July 16th, 2014 (0)
Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, enough to prompt a sigh of relief from investors, but little else. China’s economy expanded by 2.0 percent in the ...

Emerging Nations Bloc to Open Development Bank

July 16th, 2014 (0)
At a meeting in Brazil, the leaders of Brazil, Russia, India, China and South Africa announced on Tuesday that they were establishing a development bank to challenge the influence of venerable institutions like the World Bank and the International ...

Alibaba IPO Update

July 16th, 2014 (0)
Investors were given an update on the Alibaba IPO on Tuesday, when Yahoo! Inc. (Nasdaq: YHOO) reported second-quarter earnings. Yahoo owns a 24% stake in Alibaba Group Holding Ltd. (NYSE: BABA) and will be selling a large percentage of ...

U.S. retail sales, manufacturing data point at firming economy

July 15th, 2014 (0)
A gauge of U.S. consumer spending rose solidly in June, in the latest sign that the economy ended the second quarter on a firmer footing. That momentum appeared to have carried into the third quarter, with other data on ...

Bank Earnings Give Stocks a Boost

July 15th, 2014 (0)
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...

Asian shares higher as earnings lift Wall Street

July 15th, 2014 (0)
Asian stocks markets were mostly higher Tuesday, fortified by Wall Street’s growing optimism over U.S. corporate earnings and hopes for encouraging economic data in China. China, the world’s No. 2 economy, is due to report its second quarter GDP ...
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