Search Results for: Global Markets
BNP Sued Over $650 Million `Wet Ink’ Error in Al-Sanea Deal
November 3rd, 2015
Golden Belt Sukuk sues French lender in $650 million lawsuit Saudi tycoon’s Saad Group defaulted on the deal in 2009 BNP Paribas SA is being sued by the trustee of a $650 million Islamic finance transaction who said the ...
Oil Price Paradox: Gasoline Could Be Even Cheaper
November 3rd, 2015
The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices. Typically, gas prices go up and down in tandem with crude oil, the main ingredient. But recently, oil prices ...
Mario Draghi Interview: We must propose a way forward to Europeans
November 2nd, 2015
Interview with Il Sole 24 Ore Interview with Mario Draghi, President of the ECB, conducted by Alessandro Merli and Roberto Napoletano, published on 31 October 2015 President Draghi, in Malta last week, you stressed the downside risks for both ...
Morgan Stanley to face insider trading charges
November 2nd, 2015
The lawsuit is being brought by a Russian billionaire and it stems from the financial crisis. In a trial starting on Monday, Morgan Stanley will confront a Russian billionaire’s claims that it illegally short-sold a company based on inside ...
Intel sued for investing employee 401(k) funds in hedge funds, private equity
November 2nd, 2015
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm’s custom target-date series and global diversified fund lost hundreds of millions of dollars A former Intel Corp. employee is suing officials at the Santa Clara, Calif.-based company for allegedly ...
Visa To Keep UK Presence After BoE Steps In
November 2nd, 2015
The Bank of England wants Visa Inc to keep a big UK presence after the $23.5bn takeover of Visa Europe, Sky News learns. The Bank of England has told the credit card giant Visa to keep a substantial presence ...
CySec informs regarding the Continuance of Suspension of CIF license of an investment firm
November 2nd, 2015
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform on its decision in the meeting dated 26 October for Continuance of Suspension of CIF licence of the firm ‘Falcon Brokers Ltd’ with number 128/10. ...
KCG reports consolidated revenues of $377.0 million for the Third Quarter
November 2nd, 2015
KCG reports consolidated revenues of $377.0 million and pre-tax earnings of $35.4 million for the quarter KCG Holdings, Inc. (NYSE: KCG) today reported consolidated earnings of $21.9 million, or $0.24 per diluted share, for the third quarter of 2015. Included in ...
Asian stocks fall after tepid China PMI survey
November 2nd, 2015
A general view of market boards at the ASX Exchange Centre in Sydney, Australia. Asian stocks mostly slipped into the red on Monday, as investors digested a private survey which showed China‘s mammoth manufacturing sector remaining in a tough ...
Fiat money quantity update
October 30th, 2015
After a few months of slower growth, FMQ has picked up again. FMQ is the sum of True Money Supply (as defined by the Austrian School of Economics), plus the banking system’s reserves and other banking-related liabilities on the ...
