Search Results for: Sterling
What Happened to eBay’s Enterprise Business?
January 14th, 2016
eBay cared an awful lot about large brands and retailers throughout former CEO John Donahoe’s reign, but with the breakup of the company in July, the eBay Enterprise unit was sold off. So where is it now? What’s left ...
Gold in 2016
January 8th, 2016
Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis ...
Gold price firmer on pick-up in Middle East tensions
January 4th, 2016
Chinese equities circuit breakers kick-in after 7 percent fall in the CSI Precious metals are mixed with gold and silver prices up around 0.9 percent with the gold price at $1,070, while the industrial precious metals are weaker with ...
The ‘Bitcoin Island’accept the digital currency for everyday transactions
January 4th, 2016
Bitcoin: How the Isle of Man is leading a cryptocurrency revolution A scattering of businesses on ‘Bitcoin Island’ accept the digital currency for everyday transactions alongside sterling Like most coffee shops, Java Express in Douglas offers its clientele ...
Pound Outlook Darkens on Brexit Referendum With BOE Stuck on Launchpad
December 30th, 2015
Sterling will fall to $1.41 by September 2016, SocGen says Fragile global economy, ‘Brexit’ may keep BOE from liftoff The odds are stacking up against the pound for 2016. With growth slowing and the potential for a referendum on ...
Dollar inches higher after mixed U.S. data
December 23rd, 2015
The dollar inched up in holiday-thinned trading on Wednesday, with most major currency pairs bobbing about in narrow ranges after data overnight painted a mixed picture of the U.S. economy. After the U.S. Federal Reserve’s widely anticipated interest rate ...
Shares climb, dollar dips as Fed prepares to lift rates
December 16th, 2015
Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in U.S. interest rates in almost a decade. After more than a year of posturing and ...
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
December 10th, 2015
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 9 December 2015, the MPC ...
Russia’s Central Bank adds yuan to reserve currency basket
December 1st, 2015
According to the sources, the share of Russian reserves in yuan in the near future will remain small and symbolic Russia’s Central Bank has added the Chinese yuan to the foreign exchange reserve basket, two sources close to the ...
Intercontinental Exchange to acquire Trayport from BGC Partners and GFI for $650 million in stock
November 17th, 2015
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that it has entered into a definitive agreement to acquire Trayport for $650 million in ICE common stock. Trayport is a subsidiary of GFI Group, which ...
