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BP Has Worst Profit in 10 Years on Libya Write-Off, Trading
July 28th, 2015
BP Plc reported the lowest quarterly profit in at least 10 years after a boom in trading faded and the conflict in Libya forced almost $600 million of writedowns. Profit adjusted for one-time items and inventory changes dropped to ...
EXNESS: Verified Q2 figures show sustained 2015 growth
July 28th, 2015
EXNESS has today released its trading volumes, client withdrawals and agents’ commissions for the period 1 April to 30 June 2015. The second quarter of this year has seen the firm’s trading volumes total over US$660 billion, an increase ...
Swiss Exchange reports ETF Quarterly Statistics
July 24th, 2015
In the second quarter of 2015, the Swiss stock exchange saw a trading volume in ETFs of CHF 20.9 billion. Compared to the previous quarter this represents an increase of 11%. This was revealed in the latest edition of ...
ECB Raises Emergency Lending to Greek Banks by $984 Million
July 23rd, 2015
Decision comes two days after a Greek bond redemption averted a default The European Central Bank on Wednesday raised the ceiling on emergency lending to Greek banks by €900 million ($980 million), a person familiar with the matter said, ...
‘Brokers are educators, not salespeople’
July 23rd, 2015
The Customer Owned Banking Association’s controversial comments about brokers have ignited a debate of a different kind. Michael Teterin, managing director of Sydney brokerage Prosperity Finance, said brokers need to portray themselves as “educators to their clients, not salespeople” in order ...
Hong Kong Asset Management Reaches Another Record Level
July 23rd, 2015
The Securities and Futures Commission (SFC) has released its annual survey, which showed the combined fund management business in Hong Kong sustaining another year-on-year increase to reach a record high at the end of 2014 of almost HKD17.7 trillion ...
A profound change for China’s SOEs
July 22nd, 2015
The rapid rise of China’s outbound direct investment in the past decade is a significant economic phenomenon, one met with a lot of resistance in some destination countries, particularly due to the abundance of state-owned enterprises. But despite concerns over ...
Interactive Brokers reports $0.44 Earnings Per Share on comprehensive basis compared to $0.29 for the same period in 2014
July 22nd, 2015
Interactive Brokers Group has issued an announcement to inform for 2Q2015 Results The company reports: Comprehensive Earnings per Share of $0.44 Income Before Taxes of $240 Million on $387 Million in Net Revenues Earnings Per Share on Net Income ...
JPMorgan $12.5 Billion Short in Fed Systemic-Risk Charges
July 21st, 2015
JPMorgan Chase & Co. still has a shortfall of as much as $12.5 billion in meeting capital rules approved by the Federal Reserve on Monday. The Fed assigned capital charges totaling more than $200 billion for eight of the ...
PayPal Celebrates Listing on Nasdaq and Completes Separation from eBay Inc.
July 21st, 2015
PayPal Holdings, Inc. (“PayPal”) (Nasdaq : PYPL) announced that it has completed its separation from eBay Inc. (“eBay”) and is now an independent public company trading on the Nasdaq Stock Market under the ticker symbol “PYPL.” The company’s leadership ...