Search Results for: Rouble
West TX Oil Surges Back to $96 on Data
September 4th, 2014
Crude oil prices climbed by more than $2 a barrel on both sides of the Atlantic on Wednesday, as oil markets bounced off multi month lows hit in the previous session. Prospects for peace between Ukraine and Russia, as ...
Russian stocks rise following ceasefire announcement
September 3rd, 2014
Russian stocks have risen to their highest level in three months following the announcement of a ceasefire agreement with Ukraine. The main Micex index gained 2.6%, while Russian gas giant Gazprom saw its highest jump since June, rising 3.3%. ...
Swiss watchdog investigates Espirito Santo private bank
September 3rd, 2014
Switzerland’s financial regulator said on Wednesday it is investigating Banque Privee Espirito Santo SA (BPES), a Swiss private bank which is part of the Espirito Santo family’s troubled business empire. The Lausanne-based bank is owned by Espirito Santo Financial ...
Lloyds’ contingency plans could see move to London if Scots vote yes
September 3rd, 2014
Lloyds’contingency plans if Scots vote for independence could include moving its official offices from Edinburgh to London in order to avoid being classed as a Scottish bank. The banking group, which owns Lloyds Bank, Halifax and Bank of Scotland, ...
NATO Set to Ratify Pledge on Joint Defense in Case of Major Cyberattack
September 1st, 2014
When President Obama meets with other NATO leaders later this week, they are expected to ratify what seems, at first glance, a far-reaching change in the organization’s mission of collective defense: For the first time, a cyberattack on any ...
Bulgaria may let Corpbank depositors get partial access to accounts
August 29th, 2014
Depositors at Bulgaria’s Corporate Commercial Bank (Corpbank) 6C9.BB may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday. “We debated issues of partial access to deposits as of ...
Bank of America seeks to void verdict in $1.27 billion ‘Hustle’ case
August 29th, 2014
Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. Bank of America ...
Keeping Corporate Lawyers Silent Can Shelter Wrongdoing
August 27th, 2014
Have you heard of Maritza I. Munich? The answer is almost certainly no, yet she is a central figure in Walmart’s unfolding bribery scandal. Ms. Munich was a Walmart lawyer who advocated an aggressive response to investigating the scandal ...
S&P 500 index over 2,000 for first time
August 26th, 2014
US shares hit a record high yesterday, with the S&P 500 index breaking the 2,000-point mark during trading for the first time in its history. Global investors have piled into American stocks, pumped up by cheap money from central ...
Free Money for Germany is Bad News for Euro
August 21st, 2014
When investors are willing to lend money to Germany for two years for free, at a zero interest rate, you know the euro project is in trouble again. Germany yesterday sold 4.04 billion euros ($5.3 billion) of notes that ...
