Search Results for: Big Four
Danske Bank Reprimanded by FSA for underestimating Risk of Loans
August 1st, 2014
Denmark’s financial regulator reprimanded Danske Bank A/S for underestimating the risk of losses in a part of its retail lending business. Denmark’s biggest lender couldn’t prove a group of consumer debt assets deserved a lower risk weighting than other ...
Asia stocks sideswiped by Wall St, but China motors on
August 1st, 2014
Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs. In a promising omen for world ...
Canada’s Dollar Touches 7-Week Low on Growth Concern
August 1st, 2014
Canada’s dollar touched the weakest level in almost two months as data showing the economy expanded in May failed to damp concern growth is lagging behind that of the U.S., its largest trading partner. The currency later erased losses ...
Technical Analysis Gold – Drops to Six Week Low Near $1280
August 1st, 2014
Technical Analysis Gold for Friday, August 1, 2014 In the last few days gold has been easing lower and placing pressure on the support level at $1300 which eventually gave way resulting in gold falling sharply back down to ...
China’s factories expand as global trade flourish
August 1st, 2014
Activity in China’s vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. China’s official ...
Brent Oil Steady at $106 on Ample Supply
August 1st, 2014
Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. Analysts expect global production to exceed demand this year, ...
European Shares Swing Amid Earnings as Euro, Oil Retreat
July 31st, 2014
Europe’s benchmark equity index fluctuated amid mixed earnings, while the euro traded near a nine month low versus the dollar. Banco Espirito Santo SA shares were suspended after it said it will need to raise funds while emerging-market stocks ...
Gold Below $1294 as U.S. Economy advances
July 31st, 2014
Gold retreated for a fourth day to head for a monthly decline as further signs that the U.S. recovery is gaining momentum strengthened the case for higher borrowing costs in the world’s largest economy. Gold for immediate delivery fell ...
New York Governor involved in BNP deal to get $1 billion more for NY state fund
July 31st, 2014
Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger ...
Pound is bullish as Shine Comes Off
July 30th, 2014
The shine is starting to come off the U.K. pound, which has given up its reign as the most popular bullish bet for 2014 among the Group of 10 currencies. Hedge funds and other large speculators cut their net ...
