Search Results for: EU
Yuan to Start Direct Trading With Pound from tomorrow
June 18th, 2014
China will allow the yuan to be exchanged directly for British pounds from tomorrow in Shanghai as the world’s second-largest economy promotes the use of its currency in global trade and finance. “This is an important step in strengthening ...
Bankruptcy protection for bitcoin exchange Mt Gox
June 18th, 2014
The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business. Mt ...
There Might Be a Lot of Insider Trading
June 18th, 2014
As I may have mentioned over and over and over and over and over again, the first rule of insider trading is just don’t insider trade, but the second rule is: If you have inside information about an upcoming ...
Brokers offer hope of revival in corn futures
June 18th, 2014
Brokers, citing hedge fund positioning and the firm US cash market, offered hope of at least a temporary lull in the selling in US corn, even as prices staged a small rebound from their weakest close in four months. ...
Three large multinationals under pricing investigations
June 18th, 2014
The European Commission has launched an investigation into the transfer pricing arrangements of three large multinationals about how they’re treated in three countries. The companies are Apple in Ireland, Fiat Finance and Trade in Luxembourg and Starbucks in the ...
Bernie Madoff’s Accountant Paul Konigsberg to Plead Guilty to Fraud Charges
June 18th, 2014
Convicted fraudster Bernard Madoff’s former accountant Paul Konigsberg is expected to plead guilty to charges in connection with the swindler’s $65bn Ponzi scheme, a US prosecutor has said. Konigsberg, a former senior tax partner at Konigsberg Wolf & Co, ...
China signs £14bn trade deals with UK amid Premier’s visit
June 18th, 2014
China says it wants to back major UK infrastructure projects and has signed £14bn in trade deals. The news comes on the first full day of a visit by its leader. The BBC understands the projects the state-owned China ...
Brent holds above $113 amid Iraq violence
June 18th, 2014
Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country’s biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking worries about exports from the key oil producer. ...
German Bank reopens 10-year Federal bonds
June 17th, 2014
The German Bank, Deutsche Bundesbank, has announced the reopening of 10-year Federal bonds with an invitation to bid by auction. For the account of the Federal Government, the German Finance Agency, through Deutsche Bundesbank, will reopen the 1.50 % ...
German investor confidence slips again
June 17th, 2014
A survey shows that German investor confidence has fallen for the sixth consecutive month and has hit its lowest level since December 2012 amid concerns about a soft patch in Europe’s largest economy. The ZEW institute said Tuesday that ...
