Search Results for: SIX
European Stocks Little Changed Amid Earnings Reports
May 20th, 2014
European stocks were little changed, with the Stoxx Europe 600 Index trading within 1 percent of a six-year high, as investors weighed corporate earnings. U.S. index futures and Asian shares were little changed. Carnival Plc climbed 3.8 percent after ...
Marks and Spencer sees profits fall
May 20th, 2014
Marks and Spencer has reported a 3.9% fall in underlying annual profit to £623m, the third consecutive year its profits have fallen. The retailer also said that group sales rose by 2.7% to £10.3bn in the year to 29 ...
Springtime for Bankers
May 19th, 2014
By any normal standard, economic policy since the onset of the financial crisis has been a dismal failure. It’s true that we avoided a full replay of the Great Depression. But employment has taken more than six years to ...
SocGen Ex-Trader Kerviel Taken in by French Police at Border
May 19th, 2014
Jerome Kerviel, the former Societe Generale SA trader facing prison for a record banking loss, was taken charge of by French police after prosecutors said his failure to turn himself in would have made him a fugitive. More than ...
Oil extends gains above $102 on demand outlook
May 19th, 2014
The price of oil extended gains above $102 a barrel Monday on forecasts of higher global demand. Benchmark U.S. crude for June delivery was up 16 cents to $102.18 a barrel at 0620 GMT in electronic trading on the ...
Canada’s international transactions in securities
May 16th, 2014
Canadian investors acquired $7.9 billion of foreign securities in March, the largest such outflow of funds since November 2012. Meanwhile, foreign investors reduced their holdings of Canadian securities by $1.2 billion, the first monthly divestment this year. This activity ...
Sustainability Matters
May 16th, 2014
The global accountancy profession has an important role in making organisations more responsible and accountable in the pursuit of sustainable development, says ACCA (the Association of Chartered Certified Accountants) in a new policy paper called Sustainability Matters. The paper ...
FCA: Martin Brokers (UK) Limited was fined for significant failings in relation to LIBOR
May 15th, 2014
The Financial Conduct Authority (FCA), the British regulatory authority, has fined Martin Brokers (UK) Ltd (Martins) £630,000 for misconduct relating to the London Interbank Offered Rate (LIBOR). Martins would have been fined £3,600,000 but for the fact that the ...
Europe grew faster than U.S.
May 15th, 2014
European economic growth was weaker than expected in the first three months of 2014, but still managed to outpace the U.S. for the first time in three years. Gross domestic product across the 18 countries in the eurozone grew ...
Futures manipulator sentenced to community service
May 14th, 2014
The Securities and Futures Commission (SFC) has issued a press release informing as follows: The Eastern Magistrates’ Court today sentenced a futures trader, Mr Ernest Fan Kwong Hung, to 200 hours of community service and fined him $59,430 for ...
