Search Results for: assets
Shell, Saudi Aramco Plan to Break Up Motiva Partnership
March 17th, 2016
Ownership of biggest refinery in the U.S. will shift to Saudi Arabia’s hands Oil giants Royal Dutch Shell PLC and Saudi Arabian Oil Co. plan to end their long-standing fuel partnership, putting ownership of the biggest refinery in the U.S. in ...
Saudi Arabia Said to Join Mid-April Oil Producer Meeting in Doha
March 17th, 2016
Crude prices have risen more than 30% since freeze proposed Qatar meeting would seek more commitments to cap production Saudi Arabia will join a meeting of producers from within and outside OPEC in Doha next month, adding weight to ...
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
March 17th, 2016
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 16 March 2016, the MPC voted ...
Shareholders of J.P. Morgan and Citigroup will vote about the potential the banks break up into smaller pieces
March 17th, 2016
The proposal will be included in the banks’ proxy filings at the request of a shareholder activist Shareholders of J.P. Morgan Chase & Co. and Citigroup Inc. will get to vote later this year on one of the most ...
Will bitcoin provide banks with their ‘Kodak Moment’?
March 16th, 2016
The world’s banks are facing a ‘Kodak Moment’ if they continue to dismiss the virtual currency bitcoin as just the opening act for more revolutionary blockchain-based innovation, says Max Tannahill, a business change and implementation manager at ANZ It ...
Mizuho to face U.S. lawsuit over Mt Gox bitcoin losses
March 16th, 2016
A U.S. lawsuit accusing Japan’s Mizuho Bank of concealing problems at the now-bankrupt Tokyo-based Mt Gox bitcoin exchange can move forward, a federal judge in Chicago has ruled. U.S. District Judge Gary Feinerman rejected on Monday the bank’s argument ...
Interview with The Guardian
March 15th, 2016
Interview with Mario Draghi, President of the ECB, conducted by Shiv Malik on 18 February 2016 and published on 11 March 2016 What does the ECB’s own research on incomes and younger generations say? During the great recession, the young ...
Kuwait approves economic reforms including the introduction of a 10 per cent Corporate tax
March 15th, 2016
Kuwait approves 10 per cent corporate tax, other reforms as deficit widens Kuwait’s cabinet has approved economic reforms including the introduction of a 10 per cent tax on corporate profits to narrow a budget deficit caused by low oil ...
Leucadia and FXCM Sign Memorandum of Understanding
March 15th, 2016
Leucadia National Corporation (NYSE:LUK) (“Leucadia”) and FXCM Inc. (NYSE:FXCM) (“FXCM”) announced that they have entered into a memorandum of understanding (the “MOU”) to amend the terms of their Amended and Restated Credit Agreement (the “Credit Agreement”), and their Amended and Restated Letter Agreement ...
China Drafts Rules for Tobin Tax on Currency Transactions
March 15th, 2016
Initial rate of levy may be kept at zero, people familiar said The rules still need central government approval, they said China’s central bank has drafted rules for a tax on foreign-exchange transactions that would help curb currency speculation, according ...
