Search Results for: Bank of America
UBS, Credit Suisse interested in advising on Russia privatization
March 30th, 2016
Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatizations as long as the deals do not violate sanctions, three banking sources told Reuters. The banks responded to a request for proposals that ...
Investors are still betting big on gold. What do they know that you don’t?
March 28th, 2016
The stock market may be back on track, but nervous investors are still showering gold with tons of love. An impressive $13.4 billion was poured into gold assets over the past 11 weeks, according to Bank of America Merrill ...
Japan’s Negative Interest Rates Are Even Crazier Than They Sound
March 3rd, 2016
Yesterday Japan’s government borrowed money on terms that require the lenders to pay rather than receive interest for ten years. And not only was that bond issue snapped up, it was vastly oversubscribed. This raises a lot of questions, ...
Asian shares consolidate, oil swings higher
February 17th, 2016
Asian shares were taking a breather on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. The mood was ...
Europe open: Stocks rally on strong Asian cues; IAG flies higher on upgrade
February 15th, 2016
European stocks kicked the week off on an upbeat note, taking their cue from a strong session in Asia, despite the release of disappointing Chinese and Japanese data. At 0840 GMT, the benchmark Stoxx Europe 600 index was up ...
Europe Stocks at Recession Prices Show Growth Faith Falters
February 9th, 2016
Euro Stoxx 50 had its largest two-day slump since August Shares now trade at biggest discount in a year vs U.S. stocks For European investors trying to assess just how bad sentiment is right now, consider this: the last ...
Big Companies, Huge Problems
January 28th, 2016
Apple is far from the only iconic US company that’s signaling a global slowdown. Three more are in the news today: “Caterpillar warns equipment sales still falling (CNBC) – Caterpillar saw retail sales of machinery fall 16 ...
Draghi Efforts Thwarted by Oil as Economists See More Easing
January 19th, 2016
Some 61% of respondents in Bloomberg survey see more stimulus Raising monthly QE amount, deposit-rate cut seen among options Mario Draghi may have to up the ante, and he has oil to blame. More than 60 percent of economists ...
WhatsApp to Drop Subscription Fee
January 19th, 2016
WhatsApp will scrap its subscription fee and explore ways that businesses can interact with the mobile messaging service’s users to make up for the lost revenue, its co-founder said Monday. The app previously had charged an annual renewal fee ...
Major Asian stocks close up, Nikkei rebounds 2.88%
January 13th, 2016
Asia markets closed mostly higher, with some major indexes rebounding Wednesday, in a sign of returning stability even in the face of lingering worries about China and falling commodity prices. That follows a volatile start to the year, in ...
