Search Results for: dollar
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
China stocks plunge as market rout deepens
July 3rd, 2015
China‘s main stock benchmark plunged more than 5 percent Friday as government stabilizing measures failed to reassure panicky investors while other Asian indexes fell ahead of Greece‘s weekend austerity referendum. KEEPING SCORE: The Shanghai Composite Index in mainland China ...
FINRA Sends Rebates to Brokers after Record Profits
July 2nd, 2015
While commissions growth has been fairly stagnant over the last few years, Wall Street brokers’ efforts to cut costs have yielded record profits. And now they are getting a refund of sorts. The Financial Industry Regulatory Authory (FINRA), the ...
There’s a simple solution to Greece’s problems, but Europe won’t try it
July 2nd, 2015
An interview by Ezra Klein Adam Posen is president of the Peterson Institute for International Economics and, like every international economist right now, he’s glued to the drama in Greece. There is, he says, a simple solution to the ...
How Investors Should React to the Greek Crisis
July 2nd, 2015
Step one: Don’t panic. Even from afar, it’s hard for U.S. investors to ignore the Greek economic crisis, which continues to roil global markets. After Greece saw its bailout funds expire Tuesday—and became the first developed country to fail ...
Asian stocks gain as US data eclipses Greek risk
July 2nd, 2015
Asian stocks were higher on Thursday as strong U.S. payroll data overshadowed worries about Greek debt. KEEPING SCORE: Japan’s Nikkei 225 rose 1.2 percent to 20,564.59 while South Korea’s Kospi added 0.4 percent to 2,106.20. Hong Kong’s Hang Seng ...
Top Stories of the day July 01
July 1st, 2015
1. Playtech is pleased to announce that its subsidiary, TradeFX Limited (“TradeFX”), has entered into a share acquisition agreement under the terms of which it will acquire the entire issued share capital of Ava Trade, an online B2C CFD ...
CSSF Luxembourg press release on suspension of Financial Instruments in relation to the situation in Greece (II)
July 1st, 2015
Following the CSSF’s Press Release 15/28 dated 30 June 2015, the Commission de Surveillance du Secteur Financier (CSSF) requested with immediate effect the suspension of the financial instruments issued by: ABG FINANCE INTERNATIONAL PLC ALPHA CREDIT GROUP PLC ALPHA ...
Moscow Man to Sue Russian Central Bank for Collapse of the Ruble
July 1st, 2015
A Russian man angry with last year’s sharp ruble devaluation is taking the Central Bank to court over its decision to cease intervening to prop up the Russian currency, news agency RIA Novosti reported Tuesday, citing the press secretary of a Moscow court. “V. A. Simonov has ...
Asian Shares Hold Steady After Greece Defaults
July 1st, 2015
China shares take a break from choppy trading; investors calm as Greece’s default comes as little surprise China’s markets were roughly flat Wednesday as investors took stock of a choppy period of trading over the past two weeks that ...
