Search Results for: stocks
China’s Yuan Rate Rises for First Time Since Devaluation
August 14th, 2015
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive swings. The onshore spot rate was little changed at 6.4003 ...
Ready for Google’s Alphabet?
August 12th, 2015
In a move that shook the tech world, Google announced Monday that it will undergo restructuring so that it becomes a subsidiary of a new parent company called Alphabet, Inc. Co-founders Larry Page and Sergey Brin will be head of Alphabet, while ...
SEC Charges 32 Defendants in Scheme to Trade on Hacked News Releases
August 12th, 2015
Hackers, Traders Allegedly Reaped More Than $100 Million of Illegal Profits The Securities and Exchange Commission today announced fraud charges against 32 defendants for taking part in a scheme to profit from stolen nonpublic information about corporate earnings announcements. ...
Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations
August 12th, 2015
U.S. regulators could levy large fines over alleged wrongdoings Credit Suisse Group AG and Barclays PLC, two of the biggest operators of “dark pools,” have entered settlement negotiations with the New York attorney general and the Securities and Exchange Commission over allegations of ...
Yuan cut clobbers markets, rekindles fear of forex war
August 12th, 2015
China’s 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic momentum. Wall Street ended lower as investors contemplated the implications ...
Bank of Russia Gets Putin’s Praise, Opts for Verbal Intervention
August 10th, 2015
Russian President Vladimir Putin commended the central bank for its efforts to keep the ruble stable after policy makers called for calm as the currency headed for a six-month low. “The central bank is doing a lot to strengthen ...
Algorithmic Trading: The Play-at-Home Version
August 10th, 2015
Building computer trading models has become the latest DIY craze After more than 100 hours of coding over three months, Mike Soule was finally ready to switch on his project. He didn’t know what to expect. If things went ...
Citigroup’s Sale of OneMain to Springleaf Hits Antitrust Obstacle
August 7th, 2015
Springleaf agreed in March to buy OneMain from Citigroup U.S. antitrust authorities have thrown a wrench into Citigroup Inc.’s plan to divest its subprime lending unit. Five months ago, Citigroup said it would sell the business, known as OneMain Financial, to Springleaf ...
This Precious Metal Needs a Silver Bullet
August 6th, 2015
In the past 12 months alone, the benchmark silver-futures contract has declined 27% Once prized as a precious metal that could be put to practical use, silver is now getting the worst of both worlds. Like gold, silver has ...
Gulf markets edge up on Q2 results, firmer oil
August 6th, 2015
Most Gulf stock markets edged up early on Wednesday as Brent oil climbed back above $50 per barrel and shares in DAMAC soared after the Dubai developer reported a more than tripling in its quarterly profit. Dubai’s stock index ...
