Search Results for: European shares
Non-committal Fed drives down dollar, dampens stocks
February 2nd, 2017
The dollar slipped to a 12-week low on Thursday and stock and bonds markets both showed caution after the U.S. Federal Reserve stuck to its mildly upbeat view of the world but gave no hint on when it will ...
NASDAQ reports fourth quarter 2016 with record revenues
February 1st, 2017
NASDAQ reports fourth Quarter 2016 with record revenues1; announces segment realighment and rebranding of fixed income Net revenues were a record $599 million in the fourth quarter of 2016, up 12% year-over-year. Subscription and recurring revenues2 in the fourth ...
ESMA advocates common pronciples for setting up share classes in UCITS funds
January 31st, 2017
The European Securities and Markets Authority (ESMA) has today issued an Opinion on the extent to which different types of units or shares (share classes) of the same UCITS fund can differ from one another, having found diverging approaches ...
Ford posts Q4 net loss on accounting shift
January 31st, 2017
After posting a fourth-quarter net loss mainly because of accounting changes, Ford Motor Co. finished 2016 with a $10.4 billion pre-tax profit, down slightly from record results in 2015. Fourth-quarter pre-tax profit was $2.1 billion, down $500 million due ...
Deutsche Bank fined $425 million; the Bank allowed traders to engage in a Money-Laundering scheme
January 31st, 2017
The New York State Department of Financial Services (DFS) has issued an announcement to inform for a $425 Million fine imposed to Deutsche Bank. The Bank Allowed Traders to Engage in a Money-Laundering Scheme Using “Mirror Trades” That Improperly ...
BT facing criminal inquiry over Italy accounting scandal
January 26th, 2017
Prosecutors in Milan have confirmed an investigation into allegations of false accounting and embezzlement at BT’s Italian arm. It is being led by Fabio De Pasquale – a veteran of high-profile investigations, including a long-running inquiry into the former ...
Euro zone starts year with solid economic growth, but risks ahead
January 26th, 2017
The euro zone started 2017 by maintaining solid economic growth as a weaker currency boosted orders for goods and services, a survey showed, but rising political risks could soon take their toll. Growth in Germany’s private sector slowed slightly ...
Gold and Yen Extend Rallies on EU, Trump Concerns: Markets Wrap
January 17th, 2017
May said ready to announce U.K. will leave EU single market IMF lifts its growth forecast for China to 6.5% in 2017 Lingering concern over Donald Trump’s policies and the U.K.’s position in the European Union accelerated a move ...
Luxottica and Essilor agree €50bn merger
January 16th, 2017
Italy’s Luxottica and France’s Essilor have agreed a €50bn merger deal, one of the largest ever European cross-border transactions, creating a global leader in the fast-growing eyewear industry. The deal sees Luxottica, the world leading consumer eyewear group and ...
FTSE 100 continues record run, rising for 14th day in a row
January 13th, 2017
U.K. stocks gained for a 14th straight day on Friday, extending their record winning run as the weaker pound spurred investors to buy into British multinationals. The FTSE 100 index UKX, +0.30% rose 0.5% to 7,327.85, on track for ...
