Search Results for: Citi
Forget Interest Rates, the Fed Has Another Big Decision to Make in the Next Year
April 8th, 2015
In case exiting years of zero interest rates won’t be hard enough, Federal Reserve officials have another challenge approaching quickly: when to begin unwinding trillions of dollars of bond purchases that constitute the world’s largest fixed-income portfolio. Less than ...
China’s taxman is coming for Alibaba
April 8th, 2015
China stands to collect billions of dollars in taxes as Alibaba insiders unload shares held under lock-and-key since the tech firm’s record-breaking market debut last year. Two of the company’s “lock up” agreements have now expired, releasing an additional ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
April 7th, 2015
At its meeting today, the Board decided to leave the cash rate unchanged at 2.25 per cent. Moderate growth in the global economy is expected in 2015, with the US economy continuing to strengthen, even as China’s growth slows ...
Legal Revenue Grows as Elite Law Firms Set the Pace
April 6th, 2015
Tech sector, M&A fees help to make 2014 law industry’s best year since recession Last year, on average, was the best year for law firms since the recession. But averages can be misleading. Revenue at large, corporate law firms ...
Li backs firms’ global vision
April 6th, 2015
China is to pilot the removal of preconditioned government approval for offshore corporate bonds, part of a national arrangement to lower the financing cost of enterprises expanding overseas. The move, along with the government’s efforts to speed up the ...
China’s thriving brokerage minnows set to come under M&A spotlight
April 3rd, 2015
* Stock market boom saw brokers doubling profits in 2014 * Beijing plans to open up sector to more financial firms * Stiff industry competition ahead to lead to more deals In the shoals of China’s little-known stockbrokers, fast-growing ...
Chinese investors trade way more often than Americans
April 2nd, 2015
One of the easiest ways to mess up your investment portfolio is by tinkering with it too much. That’s when pesky fees and human error tend to drag down performance. Unless you get super lucky, this common mistake can ...
EU Lays Groundwork for Antitrust Charges Against Google
April 2nd, 2015
Regulator seeks permission to publish complaints against Internet giant in long-running probe Europe’s competition regulator is preparing to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the ...
Banks Are Poised to Profit From Forex Tumult
April 2nd, 2015
Swiss central bank’s surprise January move led to volatility that can help Wall Street The big currency swings of the past three months have whipsawed many investors. Wall Street may end up loving the action. As U.S. banks closed ...
Russia’s Gazprom Says Net Profit Plummeted 70% in 2014
March 31st, 2015
Gazprom‘s net profit, calculated under Russian Accounting Standards (RAS), fell 70 percent last year to 189 billion rubles ($3.3 billion), Russia’s top natural gas producer has said. Gazprom’s net profit under RAS is attributed to the parent company only and not its ...
