Search Results for: Swiss
Nikkei closes up, ASX hits one-month low
December 11th, 2015
Asian markets closed mixed on Friday, despite Wall Street’s positive finish overnight, as record low oil prices weighed resources plays and China shares traded in negative territory as another top executive was reported missing by local media. “Most investors ...
Gold price drop could spur jewellery maker profit in India
December 10th, 2015
While a strengthening dollar and an economic slump in China are battering stocks of jewellers from Tiffany & Co to Chow Tai Fook Jewellery, one company in India is predicting a demand pick-up after gold slid to a five-year low last week. ...
Draghi’s dilemma: ECB’s five options to boost the eurozone economy
December 3rd, 2015
The European Central Bank president is poised to take action to tackle inflation in the single currency bloc. Here are some of his options After October’s meeting of the European Central Bank’s governing council, the bank’s president, Mario Draghi, ...
UBS Traders May Be First to Face Sanctions in Forex Probes
December 2nd, 2015
Swiss regulator may issue penalties by the end of the year Finma probed 11 currency, metals traders amid global scandal As many as seven UBS Group AG traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, ...
Swatch partners with Visa for pay-by-the-wrist contactless payments
December 1st, 2015
Swatch SA and Visa Inc. together with Visa Europe have signed an agreement giving eligible Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new «pay-by-the-wrist» watch, Swatch Bellamy. Slated to launch ...
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 ...
Asia shares fall on China caution, yuan jumpy ahead of IMF decision
November 30th, 2015
Asian shares fell on Monday as Chinese stocks extended last week’s sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies. MSCI’s ...
Germany gives Greece names of 10,000 citizens suspected of dodging taxes
November 26th, 2015
Inventory includes accounts invested in Swiss banks worth €3.6bn as Alexis Tsipras pledges to tackle tax dodging to pull country out of economic meltdown Germany has handed Athens the names of more than 10,000 of its citizens suspected of ...
10 Forex Concepts You Need to Understand
November 25th, 2015
The foreign exchange (forex, FX for short) is the world’s most liquid financial market, with a daily turnover of $5.3 trillion(1). Each day, governments, multinational corporations, banks, investors and traders exchange currencies on the open market to facilitate ...
Credit Suisse plans trading floor for Dublin
November 16th, 2015
Swiss bank wants to move 40 traders and 60 support staff to Ireland as part of a cost-cutting drive Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin. The ...
