Search Results for: EU
ECB extends US dollar liquidity-providing operations
June 17th, 2014
The Governing Council of the European Central Bank (ECB), in cooperation with the Bank of England, the Bank of Japan and the Swiss National Bank, has decided to continue to offer one-week US dollar liquidity-providing operations after 31 July ...
Hackers to Sell Stolen Credit Cards on Youtube
June 17th, 2014
A review of content on Google Inc. (GOOG)’s YouTube service turned up dozens of videos selling stolen credit card data, according to an Internet-safety research group trying to shed more light on an $18 billion illicit industry. The group, ...
Greenpeace loses £3m in currency speculation
June 16th, 2014
Environmental group apologises for record losses last year after employee lost campaign funds on international currency markets. Greenpeace International last year lost €3.8m (£3m) of donations through speculation on currency markets. According to a statement released on Sunday, in ...
Phillip Futures Selects FlexTrade for White Label FX & Precious Metal Trading
June 16th, 2014
A global leader in multi-asset execution and order management systems, FlexTrade Systems, Inc., today announced Phillip Futures, a member of PhillipCapital Group , has deployed MaxxTrader, its full STP, white label FX trading system to process client NDFs, spot currencies ...
France Confirms Tax Cuts
June 16th, 2014
The French Finance Ministry has presented a supplementary finance bill to the Council of Ministers, which provides for income tax relief worth over EUR1bn (USD1.4bn) for low-paid earners, a one-year extension to the corporate tax surtax, and commits to ...
BNP Keeps Investors Guessing About U.S. Sanctions Penalty
June 16th, 2014
BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement ...
Hungary Verdict to Pave Way for $15 Billion FX Loan Plan
June 16th, 2014
Hungary’s supreme court will complete its precedent rulings today on foreign-currency mortgages, paving the way for the government to phase out loans worth about $15 billion. The court, known as Kuria, will brief reporters at 12:30 p.m. in Budapest ...
Tough bank test
June 16th, 2014
A European Central Bank policymaker is voicing concern that Europe may be too tough on banks as they undergo “stress tests” to measure their financial resilience. European officials are trying to make this year’s new round of tests tougher ...
US Supreme Court working on 17 unsolved cases
June 16th, 2014
It’s crunch time at the Supreme Court, where the justices are racing to issue opinions in 17 cases over the next two weeks. The religious rights of corporations, the speech rights of abortion protesters and the privacy rights of ...
Medtronic to buy Covidien for $42.9 billion, rebase in Ireland
June 16th, 2014
U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad. ...
