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Fifty suitors bid for remains of FX firm Alpari
January 26th, 2015
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and ...
IronFX says bidding for Alpari after Swiss collapse
January 23rd, 2015
Cyprus-based online forex broker IronFX said on Thursday that it was in talks to buy Alpari UK, which went into administration earlier this week following heavy losses on the Swiss franc. “We are in the process of making a ...
Oil jumps as Saudi king’s death feeds market uncertainty
January 23rd, 2015
Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia’s King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Abdullah died early on Friday and ...
PwC launches 18th Global CEO Survey results in Davos, Switzerland (Video)
January 21st, 2015
Dennis Nally, Chairman of PricewaterhouseCoopers International, presented some of the key findings of PwC’s annual survey of business leaders from around the world at a press briefing in Davos, Switzerland. Fewer CEOs than last year think global economic growth ...
Davos: Bosses ‘less optimistic’ about global economy
January 21st, 2015
Chief executives are less optimistic about the economy this year than last, a survey unveiled at the World Economic Forum suggests. PwC‘s annual survey shows that just 37% think the economy will improve in 2015, down from 44% last ...
Bonds, shares, gold supported ahead of expected ECB action
January 21st, 2015
European shares held close to a seven-year high on Wednesday and Asian shares hit a six-week peak investors bet the European Central Bank would unveil a stimulus drive to boost the flagging euro zone economy. Expectations that the ECB ...
World Economic Outlook (WEO) UPDATE
January 20th, 2015
Cross Currents Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...
Gold is the New Cash: Weak Currencies Cause Gold Prices to Soar
January 20th, 2015
Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz. One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading ...
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund
January 19th, 2015
Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold. For ...
World Bank cuts global growth forecast
January 14th, 2015
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast ...
