Archives
Deutsche Bank Sued by TPV Founder Over $32 Million Loss
January 14th, 2015
Deutsche Bank AG was sued in Singapore by Stanley Pan Fang-Jen, a co-founder of Hong Kong-based TPV Technology Ltd. (903), over a $32 million trading loss due to alleged false representations. The bank denied wrongdoing. The bank advised the ...
Russian Assets Nearing Buying Range, Investment Adviser Says
January 14th, 2015
Russian assets are approaching levels where they would be attractive to buy, investment adviser Marc Faber — writer of the Gloom, Boom & Doom Report — said Tuesday. Western sanctions imposed over Moscow’s role in the Ukraine crisis and ...
Apple Sues Ericsson Over Patents Related to LTE Connectivity
January 14th, 2015
Apple Inc. sued Ericsson , alleging the patents being asserted by the Swedish networking giant aren’t “essential” to high-speed wireless technology the iPhone maker uses in its mobile devices. In a complaint filed in U.S. District Court for Northern ...
World Bank cuts global growth forecast
January 14th, 2015
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast ...
Blackstone Announces Investment in Market Data Insights
January 14th, 2015
Blackstone (NYSE: BX) announced an investment in Market Data Insights LLC (MDI), a services firm that specializes in providing market data management solutions to financial services firms. MDI’s business model for the delivery of market data management solutions addresses ...
IronFX Global announces the top winner of the IronFX Intergalactic Trading Competition
January 14th, 2015
IronFX Global announces the top winner of the IronFX Intergalactic Trading Competition, where traders could “Make History” by competing for a flight aboard a suborbital spacecraft, or win $100,000 in cash. IronFX the Global Leader in Online Trading is ...
OPEC vs. U.S.: Who will blink first on oil?
January 14th, 2015
The Merriam-Webster dictionary offers this definition for the word capitulate: “to stop fighting an enemy or opponent; to admit that an enemy or opponent has won.” I’m not sure who oil companies are fighting, whether it’s oil traders, OPEC, ...
Interview with Benoît Cœuré, ECB
January 14th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, on 13 January 2015 How concerned are you about the election of a new parliament in Greece resulting in a re-emergence of the euro crisis? Greece is ...
Fraudsters exploit aura of authority
January 14th, 2015
Fraud cases in UK The volume of fraud cases going through British courts has climbed in the past 12 months, according to an audit firm’s latest Fraud Barometer. According to KPMG, fraudsters increasingly are hiding behind cloaks of respectability ...
Most Asian Stocks Drop; Commodities Slump, Yen Extends Advance
January 14th, 2015
Asian stocks declined, led by a retreat among materials producers, as the slump in crude prices spread to copper and the yen rose a fourth day against the dollar. BHP Billiton Ltd., the world’s largest mining company, lost 2.8 percent in ...
