Search Results for: SIX
China to invest $20 billion in India despite territorial dispute
September 23rd, 2014
The leader of the People’s Republic of China Xi Jinping arrived on a visit to India, where he had a meeting with Prime Minister Narendra Modi. During the talks, Modi expressed concerns that the trade imbalance between China and ...
G-20 Warns of Potential Market Risks
September 22nd, 2014
Group of 20 finance chiefs and central bankers said low interest rates could lead to a potential increase in financial-market risk, as major economies rely on monetary stimulus to bolster uneven growth. “We are mindful of the potential for ...
Regulators Weigh Delay for Separating Banks’ Swaps Units
September 19th, 2014
U.S. banks may get another year to shift some swaps trading from their government-insured units as regulators respond to demands to give them more time, according to two people familiar with the talks. A delay until July 2016 in ...
Accounts reporting abolition ruled
September 18th, 2014
The Solicitors Regulation Authority has backed down over plans to remove the requirement for firms to submit accountants’ reports every year. Instead, the regulator has decided to require reports only if they have been qualified by the accountant for ...
Use of euro-renminbi options surges
September 18th, 2014
Rising renminbi trade settlement and a sliding euro are fuelling a surge in hedging between the two currencies both by multinationals and investors. Daily trading volume in euro-renminbi options has risen from about €100m at the start of the ...
Dow sets record close as Fed says rates to stay low
September 18th, 2014
The Dow jumped to a record close Wednesday after the Federal Reserve reaffirmed that a key short-term interest rate will stay near zero for a “considerable time” after its bond-buying program ends next month. Investors have been eagerly awaiting ...
Australia 200 – Entrenched in Previous Trading Range Below 5500
September 17th, 2014
Australia 200 for Wednesday, September 17, 2014 For the last couple of weeks the Australia 200 Index has declined from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
Accountant gets three year ban over audit failures
September 16th, 2014
A tribunal has excluded an ICAEW member from membership of the profession for three years following a Financial Reporting Council (FRC) investigation over audit failures. The accountant, Paul Newsham was a former partner, Sixthreeone Limited (formerly known as HWCA), ...
Foreign Investment in China Hits Lowest Point Since 2012
September 16th, 2014
China’s foreign direct investment in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world’s second-biggest economy. China attracted $7.2 billion in foreign direct investment in August, the Commerce ...
West TX Oil at $93 on Softer Economic Data
September 16th, 2014
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lackluster manufacturing output performance ...
