Archives
The TPP’s Missing Ingredient
October 23rd, 2014
Looking for ways to stimulate economic growth and create jobs, US President Barack Obama’s administration is seeking to press ahead with the mega-regional free-trade deal known as the Trans-Pacific Partnership (TPP). But is the US going about it the ...
HSH targeted by US distressed debt investors
October 23rd, 2014
A group of US hedge funds is discussing plans to persuade German public sector bank HSH Nordbank to restructure its debt as European stress tests raise concerns about the continent’s weakest lenders. The distressed debt investors include at least ...
China Factory Gauge Rises as Workers Weather Slowdown
October 23rd, 2014
A Chinese manufacturing gauge rose in October, adding to signs a resilient labor market and export demand are helping the world’s second-largest economy weather a housing market downturn. The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit ...
New indicative FX rate methodology from the Moscow Exchange
October 23rd, 2014
The new version of the Indicative FX rate methodology approved by the Moscow Exchange Supervisory Board on 17 October, has come into force from October 22, 2014. The new methodology provides for two new indicative exchange rates: USD/CAD, and USD/TRY. Furthermore, ...
Twitter seeks developers and acquisitions
October 23rd, 2014
Twitter is trying to grow beyond its main messaging app and use acquisitions to become a mobile platform capable of competing with its larger rivals Google, Apple and Facebook. The company will unveil a suite of tools for app ...
Keystone Law sells £3.15m stake to private equity house
October 23rd, 2014
Dispersed firm Keystone Law has received a £3.15m cash injection from private equity house Root Capital in return for a 35 per cent stake in the firm’s shares. Root was founded by investor Simon Phillips in 2003. The funds ...
Initiative promises legal advice for those without lawyers in courts
October 23rd, 2014
A network of in-court advice centres providing support for unrepresented litigants in civil and family law cases is to be funded by the Ministry of Justice and expanded to cover the whole country. There has been a surge in ...
Credit Suisse Profit More Than Doubles as Trading Rises
October 23rd, 2014
Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, reported an increase in third-quarter profit driven by a surge in revenue at the investment bank, while earnings in other businesses fell. The group’s net income jumped to 1.03 billion Swiss ...
Co-op report criticises KPMG and regulator
October 23rd, 2014
KPMG and the financial regulator have been criticised in a report by MPs into Co-op Bank’s failed bid to buy 632 Lloyds branches last year. The Treasury Committee said the black hole in Co-op Bank’s finances which halted the ...
FMA warns consumers about cold-calling investment offers and ‘big win’ scams
October 23rd, 2014
The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms. The FMA is receiving an increasing number of complaints about ...
