Search Results for: bond
China and UK establish direct currency trades
June 19th, 2014
China and the UK have started the direct trading of the yuan against the pound, in a move that will help reduce currency conversion costs. Both sides are hopeful the direct yuan-sterling trade will help facilitate two-way investment and ...
IMF calls on ECB to consider quantitative easing
June 19th, 2014
The International Monetary Fund is expected to sound the alarm on Thursday over the risk of deflation within the eurozone and to urge the European Central Bank to consider US-style quantitative easing, including “large-scale” purchases of sovereign bonds, to ...
US central bank cuts growth forecast for 2014
June 19th, 2014
The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% ...
AMF Updates List of Unauthorised Binary Options Providers
June 18th, 2014
The Autorité des Marchés Financiers (AMF), warns the investors by publishing a new updated list of websites offering binary options trading, for which no authorised investment services provider could be clearly identified. The AMF is once again warning retail ...
IMF in warning over Argentina ruling at US Supreme Court
June 18th, 2014
The International Monetary Fund (IMF) has warned that Argentina’s legal defeat in its fight against hedge fund investors may have wider implications. On Monday, a US Supreme Court ruling sided with bondholders demanding Argentina pay them $1.3bn (£766m). The ...
Brent holds above $113 amid Iraq violence
June 18th, 2014
Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country’s biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking worries about exports from the key oil producer. ...
‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise
June 16th, 2014
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes. Meet Roger Ver, ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
Levine on Wall Street: Revenue Models
June 12th, 2014
Is Uber’s valuation reasonable? Aswath Damodaran thinks no, Andrew Ross Sorkin thinks yes, but two data points from Henry Blodget that may or may not be true are that its revenue (1) is now $2 billion a year and ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
