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Asian shares slump as Yellen speech awaited

March 29th, 2016 (0)
Asian shares struggled to find their footing on Tuesday and the dollar clawed back ground lost after downbeat U.S. economic data contributed to an uninspiring session on Wall Street. European equities were expected to open around 0.5 percent higher ...

Asia markets slip amid Fed concerns, oil fall

March 24th, 2016 (0)
Asia markets ended lower Thursday, amid fresh declines in oil prices and concerns the U.S. Federal Reserve may hike interest rates sooner than expected. Japan’s Nikkei 225 ended down 108.65 points, or 0.64 percent, at 16,892.33, while South Korea’s Kospi index fell 9.15 ...

Credit Suisse accelerates its restructuring

March 23rd, 2016 (0)
Tidjane Thiam, Chief Executive Officer of Credit Suisse, commented: “Our recent performance has highlighted further two key areas of challenge for Credit Suisse: – Our fixed cost base, and – Our scale in Global Markets in the Americas and ...

Sachs probed in alleged Treasury rigging

March 21st, 2016 (0)
Washington’s probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The Post has learned. In addition, European authorities have ...

Asia mixed, with Chinese markets leading the way

March 21st, 2016 (0)
Chinese markets stood out in a mixed trading session in Asia on Monday, with many market watchers predicting a quiet week ahead in the absence of major economic data from the U.S. and China, and with many markets off ...

Asia markets mostly up as oil climbs; Nikkei down 1.3%, Shanghai up 1.7%

March 18th, 2016 (0)
Asian markets traded mostly higher Friday, after U.S. indexes ended higher and oil prices hit their highest levels for this year. But a stronger yen continued to weigh on Japan’s shares. “The drivers of big swings in the markets ...

Asia markets mostly up on Fed, Nikkei falls on stronger yen

March 17th, 2016 (0)
Most Asian markets advanced Thursday as investors cheered new clarity from the Federal Reserve and a rise in oil prices, but Japan shares lost ground as the yen strengthened. The Fed left rates unchanged at between 0.25 percent and 0.5 percent ...

Deutsche Börse AG and London Stock Exchange Group plc agree to industry-defining merger

March 16th, 2016 (0)
Highly complementary combination across divisions and asset classes which accelerates LSEG and DBAG’s respective growth strategies and results in a significantly enhanced product offering for customers. Through its enhanced position in the global market infrastructure sector, well placed to ...

China Drafts Rules for Tobin Tax on Currency Transactions

March 15th, 2016 (0)
Initial rate of levy may be kept at zero, people familiar said The rules still need central government approval, they said China’s central bank has drafted rules for a tax on foreign-exchange transactions that would help curb currency speculation, according ...

Asia markets erase early losses as traders digest ECB easing

March 11th, 2016 (0)
Asia markets reversed early losses to trade mostly higher on Friday, as traders digested fresh easing from the European Central Bank (ECB) overnight. The Japanese benchmark Nikkei 225 erased losses to close up 86.52 points, or 0.51 percent, at 16,938.87. The ...
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