Archives
Yen Falls From Four-Week High Before Fed as N.Z. Dollar Slides
December 17th, 2014
The yen retreated from the strongest in four weeks against the dollar before the Federal Reserve concludes a two-day policy meeting today. The yen has been the biggest gainer among the 10-currency Bloomberg Correlation-Weighted Indexes in the past week ...
Eurozone business activity grew at a slightly faster rate in December
December 16th, 2014
Eurozone business activity grew at a slightly faster rate in December, but the pace of expansion was still one of the weakest seen over the past year. The Markit Eurozone PMI (purchasing managers’ index) rose from November’s 16-month low ...
New crowdfunding site helps individuals raise money for legal fees
December 16th, 2014
While reading the book Things a Little Bird Told Me last spring, Chicago attorney Michael Helfand was struck by one of author Christopher Isaac “Biz” Stone’s points. Stone, who co-founded Twitter, wrote that an entrepreneur solves problems—and Helfand considers ...
Euronext launches app for retail investors
December 16th, 2014
Downloadable from the Apple App Store, the new iOS app provides investors with access to market information, direct to their mobile devices, from Euronext’s cash markets and other equity exchanges. The app offers comprehensive information on the world’s leading ...
LMAX Exchange gives access to low latency, non ‘last look’ trading
December 16th, 2014
UK-based technology firm, LMAX Exchange, today announced the launch of a matching engine in the Equinix IBX Data Centre in Tokyo (TY3). This will give brokers, asset managers, funds and banks in Asia Pacific access to LMAX Exchange at ...
Brent below $60: Prepare for ‘dramatic’ investment cuts
December 16th, 2014
Brent crude prices fell below $60 per barrel for the first time since July 2009 on Tuesday, prompting analysts to warn of a “dramatic” cut in investment – which could hit future supply. Brent for January delivery was trading ...
Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources
December 16th, 2014
Standard Chartered (STAN.L) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with ...
Chinese Official: Bitcoin Can ‘Co-exist’ with Fiat Currencies
December 16th, 2014
A former vice-governor of China’s central bank, Wu Xiaoling, has said that digital currencies like bitcoin “could co-exist with fiat currencies”. Wu, who is currently a member of National People’s Congress Standing Committee and a vice-chairperson of the Financial ...
Russia’s ruble rout rattles emerging markets
December 16th, 2014
Russia’s currency rout has sent a shudder through global markets and the sell-off is spreading to other emerging markets. The Russian ruble plunged about 12% Monday, while the Indonesian rupiah fell to its lowest level since the 1997 Asian ...
Central Bank of Ireland Issues Warnings on Unauthorised Investment Firm/Investment Business Firm
December 16th, 2014
The Central Bank of Ireland published the name of an unauthorised investment firm/investment business firm, Vantage Holdings Group Limited (Hong Kong). Vantage Holdings Group Limited (Hong Kong) is not authorised by the Central Bank as investment firm, investment business firm or to provide ...
