Search Results for: Asia markets
LMAX Exchange announces record high profitability in 2016
May 11th, 2017
LMAX Exchange has issued today a press release to announce record high profitability with reported annual EBITDA of £5.6m in 2016. This marks the company’s strongest financial performance to date and demonstrates its rapidly expanding footprint in the global ...
Dollar hits eight-week highs vs. yen, kiwi tumbles
May 11th, 2017
The dollar edged lower after notching an eight week high against the yen on Thursday in Asian trade, while the New Zealand dollar tumbled after its central bank suggested a tightening was further out than markets had priced in. ...
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
International law firm to merge and create a global insurance practice
May 8th, 2017
The international law firm, Kennedys Law LLP, has issued an announcement to inform that the firm will be merging with insurance leading US firm Carroll McNulty & Kull (CMK). Kennedys law firm released the below announcement: “We are pleased ...
Adidas reports strong start into the year; Q1 2017 results
May 5th, 2017
Major developments in Q1 2017: Currency-neutral revenues increase 16% Gross margin declines 0.2pp as a result of anticipated FX headwind Operating margin improves 0.9pp to 11.1% Net income from continuing operations grows 30% to € 455 million Basic EPS ...
Breaking: Saxo Bank announces new shareholder; Key shareholder to own 30% of Saxo Bank
May 5th, 2017
Saxo Bank, a leading multi-asset trading and investment specialist, has issued an announcement today to inform that Lars Seier Christensen, co-founder of Saxo, has received an offer and agreed to sell his stake of 25.71 per cent of the ...
Chinese equities headed for their longest losing streak this year amid
May 5th, 2017
Crude declines below $45 a barrel; iron ore extends slump Shanghai Composite Index set to give up this year’s gains Oil slid below $45 a barrel for the first time since November and Chinese equities headed for their longest ...
Western Union reports revenue of $1.3 billion for Q1 2017
May 4th, 2017
The Western Union Company (NYSE: WU) today reported first quarter financial results and affirmed its outlook for 2017, which was previously provided on February 9, 2017. In the first quarter the Company generated revenue of $1.3 billion, which was ...
Oil rebounds on U.S. stocks drawdown, declining OPEC compliance weighs
May 3rd, 2017
Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. The benchmark for global oil market, ...
Airwallex payments settlement provider raised $13 million in a funding round
May 2nd, 2017
Airwallex raises US$13m Series A investment from Tencent, Sequoia Capital China and Mastercard Airwallex has raised US$13 million in a Series A funding round to fuel international expansion and enable more businesses to make faster, easier and cheaper payments ...
