Search Results for: EU
BNP Falls as U.S. Probe Said to Cost More Than $5 Billion
May 21st, 2014
BNP Paribas SA (BNP), France’s largest bank, fell to a seven-month low in Paris on concern U.S. authorities will seek more than $5 billion from the lender to settle a probe into alleged violations of U.S. sanctions. The stock ...
Low on taxes, high on risk-aversion
May 21st, 2014
High quality global journalism requires investment. Zurich, the world’s private banking capital, is not just luring in old money. Ambitious founders are making Switzerland’s largest city their base – albeit away from the pretty, but expensive, old town. The ...
German regulator BaFin finds currency manipulation evidence
May 21st, 2014
BaFin, the German regulator, said it had found concrete evidence that traders attempted to manipulate the global currency market, making it the first financial watchdog to confirm that suspicions of wrongdoing have clear grounds. Raimund Röseler, the head of ...
China’s Lenovo sees 29% jump in full year net profit
May 21st, 2014
The world’s biggest personal computer maker has reported a 29% jump in full-year earnings while at the same time extending its position as market leader in the PC industry. Lenovo earned a record $817m (£485m) in net profit for ...
China bans Windows 8 from government computers
May 21st, 2014
Government ties the decision to security concerns, though it’s unclear what will replace the still-widely-used Windows XP. The Chinese government has officially banned Windows 8 from use on all government computers, reports out of the country claim. The Xinhua ...
USD/CHF Daily Outlook
May 21st, 2014
Intraday bias in USD/CHF remains neutral with focus on 0.8952 resistance. Decisive break there will complete a double bottom (0.8698, 0.8702) and will indicate trend reversal. In such case, stronger rise should be seen to 0.9156 resistance for confirmation. ...
USD/JPY Daily Outlook
May 21st, 2014
Intraday bias in USD/JPY remains neutral for some consolidations above 101.09 temporary low. Upside of consolidation should be limited below 102.36 resistance and bring fall resumption. Whole decline is 105.41 is likely resuming and below 101.09 will target 100.75 ...
US pivotal to OECD tax plan
May 20th, 2014
It’s becoming increasingly apparent that the OECD’s plan to reduce tax base erosion and profit-shifting, as laudable as it is, is hugely reliant on the US making significant and drastic alterations to its corporate regime if it is to ...
CySec: regarding the harmonized implementation of T+2 as standard settlement
May 20th, 2014
CySec has issued a press release regarding the harmonized implementation of T+2 as standard settlement period in OTC Secondary Markets for transferable government securities as of 6 October 2014 by the 28 member states, as follows: The text of the ...
The Greek Bond Dump
May 20th, 2014
Here’s a chart showing Greece’s 10-year bond yield during the past 10 days: Here’s what happened. On Thursday, speculation swept the markets that the government was about to levy a retroactive tax on profits made on trading Greek government ...
