Search Results for: europe
Cyprus lifts all capital controls as banks recover
April 6th, 2015
Cyprus is lifting the last remaining capital controls it imposed on its banking system during the financial crisis of 2013. Cyprus was the only crisis-hit eurozone country to restrict capital transfers, as it faced a run on the banks. ...
Is The Whole World Slowing Down?
April 6th, 2015
The stats just keep getting stranger and, if you’re a policymaker or an investor, scarier. According to a (now widely publicized) McKinsey & Co study, instead of deleveraging after the debt-induced crisis of 2008-2009, the world borrowed another $57 trillion. ...
Bahamas Signs New AIFMD MoUs
April 6th, 2015
The Bahamas Securities Commission has signed Memoranda of Understanding (MoUs) with the securities regulators of Cyprus, Austria, and Spain, to open up market access for fund managers under the European Union Alternative Investment Fund Managers Directive (EU AIFMD). The ...
Saudis Raise Oil Pricing to Asia on Signs of Demand Growth
April 6th, 2015
Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving. State-owned Saudi Arabian Oil Co. narrowed the discount for its Arab Light grade to ...
ESMA launches centralised data projects for MiFIR and EMIR
April 6th, 2015
The European Securities and Markets Authority (ESMA) has launched two major projects at the request of a number of National Competent Authorities (NCAs) who have delegated the following tasks to ESMA: to provide a central facility in relation to ...
Li backs firms’ global vision
April 6th, 2015
China is to pilot the removal of preconditioned government approval for offshore corporate bonds, part of a national arrangement to lower the financing cost of enterprises expanding overseas. The move, along with the government’s efforts to speed up the ...
UAE signs up as founding member of Asian Infrastructure Investment Bank
April 6th, 2015
The UAE has joined the China-led US$50 billion Asian Infrastructure Investment Bank (AIIB) as a founding member, the government announced on Sunday. The Abu Dhabi Fund for Development, which has Dh8bn in capital, will represent the UAE government on ...
Greece’s Prime Minister Tsipras Heads to Moscow as Bailout Talks Drag On
April 6th, 2015
Greek Prime Minister Alexis Tsipras will be walking a fine line in Moscow this week, aiming to demonstrate an independent streak to voters at home without irritating the European Union as he negotiates for urgently needed funding. Greek officials and ...
Asia up after dismal U.S. jobs data, dollar pressured
April 6th, 2015
Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon. Major European markets were closed from Friday to ...
Commencement of a New Bank to Offer Wealth Management Services for Individual Investors in Hong Kong
April 3rd, 2015
Establishing a wealth management bank through joint investment by Japanese and Hong Kong companies including Shinsei Bank, Monex Group, AD Capital, Convoy and Tokyu Livable, and to commence operations in the First Half of Fiscal Year 2015 Shinsei Bank, ...
