Search Results for: World Bank
Shock slump in European industry bodes ill
February 11th, 2016
Europe‘s top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday’s industrial output data for Britain, France and Italy ...
Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016
February 11th, 2016
New York bank closes bet on dollar strength versus euro, yen Divergent-rates policy still favors greenback, Himmelberg says Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the ...
PayPal Puts a Stop to Bitcoin-Inspired Ad Parody
February 11th, 2016
‘New Money’ campaign gets an imitator after the Super Bowl PayPal Holdings Inc. this week blocked a parody of its “New Money” Super Bowl ad that swapped in “bitcoin” as the future of money. PayPal, which lets users and ...
Asia markets close mixed; Hong Kong shares tumble
February 11th, 2016
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile. Hong Kong’s Hang Seng index, which resumed trading today after being shut from Monday through Wednesday for the Lunar New ...
Yellen – Fed not likely to reverse course on rates despite risks
February 11th, 2016
The Federal Reserve is unlikely to reverse its plan to raise interest rates further this year, but tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth have raised risks to the U.S. economy, Fed Chair Janet ...
Wall Street Trading Desks Upgradng Technology – And The Sales Traders That Use It
February 10th, 2016
A new breed of Wall Street sales trader is using increasingly sophisticated technology to preserve fixed income trading revenues and profits in a market defined by capital requirements and other regulations that squeeze margins, depressed trading volumes and historically ...
Five UK Fund Giants Partner up to Join the Blockchain Bandwagon
February 9th, 2016
In a recurring theme to confirm the financial industry’s collective fawning of blockchain technology – the distributed ledger that underpins Bitcoin – five of the UK’s biggest mutual fund giants are collectively exploring blockchain applications. The motivation? Cutting billions ...
French ex-minister in court over tax fraud, money laundering
February 9th, 2016
Jerome Cahuzac was the face of France’s fight against tax evaders — until he was forced to acknowledge that he himself was dodging taxes, hiding money in tax havens around the world. President Francois Hollande’s onetime budget minister is ...
Europe Stocks at Recession Prices Show Growth Faith Falters
February 9th, 2016
Euro Stoxx 50 had its largest two-day slump since August Shares now trade at biggest discount in a year vs U.S. stocks For European investors trying to assess just how bad sentiment is right now, consider this: the last ...
OFX previously known as OzForex says talks to be acquired by Western Union fail, shares slump
February 8th, 2016
Australia’s OzForex Group Ltd said it has terminated talks to be acquired by Western Union after the U.S. money wiring giant failed to submit a binding proposal, sending its shares tumbling nearly 40 percent to an all-time low. The ...
