Search Results for: SIX
ICAP to face EU fine over yen cartels
February 3rd, 2015
ICAP faces an EU fine this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, as Brussels tackles the holdouts in rate-rigging probes that have already resulted in about €1.7bn in penalties. The world’s largest interdealer broker has strongly ...
Asia sags on growth worries, Aussie slides as RBA eases
February 3rd, 2015
Asian stocks sagged on Tuesday amid ongoing growth concerns, while the Australian dollar plumbed six-year lows after the Reserve Bank of Australia cut interest rates to a record low. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent after the latest batch ...
Greece finance minister reveals plan to end debt stand-off
February 3rd, 2015
Greece’s radical new government revealed proposals on Monday for ending the confrontation with its creditors by swapping outstanding debt for new growth-linked bonds, running a permanent budget surplus and targeting wealthy tax-evaders. Yanis Varoufakis, the new finance minister, outlined ...
Germany Stands To Be Big Winner of Much-Opposed ECB Stimulus
February 2nd, 2015
Germany, the biggest opponent of the European Central Bank’s new stimulus program, is poised to reap immediate benefits from the effort—an irony that underscores the complexities of designing one monetary policy for the 19-member currency area. The ECB’s program, ...
SMEs bear brunt of UK’s £10bn Hidden Tax Burden
January 30th, 2015
The UK tax system is costing businesses up to £10bn in hidden costs a year, with SMEs bearing the majority of this burden according to new research by AAT. Ahead of HMRC’s end-of-the-month self-assessment deadline, AAT has researched the ...
Commodity currencies feel heat; dollar, yen, euro stable
January 30th, 2015
Commodity currencies nursed hefty losses on Friday, as investors sent the Australian dollar to 5 1/2 year lows as they bet on the Australian central bank reducing interest rates when it meets next week. While currencies from energy and resource producing countries, such ...
China Trusts Fuel Stocks With 28% Jump in Investment
January 30th, 2015
China’s trusts, part of the shadow-banking industry, fueled a stock-market rally by boosting their investments in equities by a record 122 billion yuan ($19.5 billion) in the fourth quarter. The increase, reported by the China Trustee Association on Friday, ...
$11 Billion Wiped From Greek Banks on Nationalization Threat
January 29th, 2015
The amount that investors gave Greek lenders last year was wiped off in three days of trading amid the threat of greater government control. In a bid to boost balance sheets, the nation’s banks raised more than $11.5 billion ...
Asian shares skid as bullish Fed take investors by surprise
January 29th, 2015
Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year despite an uncertain global outlook. A greater likelihood of ...
Latham & Watkins published on various legal developments in the field of securities law in France
January 28th, 2015
Securities Law in France: 9 Recent Legal Developments In the last six months, various legal developments have taken place in the field of securities law in France. 1. The Law of 29 March 2014 introduced certain legal and regulatory provisions ...
