Search Results for: mining
EU on brink of ‘terrifying crisis’ Five of Europe’s big banks are in danger, warns expert
February 4th, 2016
Some of Europe’s biggest banks are on the brink for a crisis that echoes the 2008 meltdown, a finance expert warned today, as fears over the global economy escalate. Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among ...
FCA fires warning shot at spread betting firms
February 3rd, 2016
Britain’s financial regulator warned spread betting firms on Tuesday to comply with its rules after a survey found poor practices that risk leaving customers unfairly treated. The Financial Conduct Authority published on Tuesday a “Dear CEO” letter sent to ...
Asia stocks follow US in sharp sell-off
February 3rd, 2016
Asian stocks traded sharply lower on Wednesday, after Wall Street sold off as much as 2 percent overnight amid a plunge in oil prices. Japan’s Nikkei 225 dropped 3.36 percent, while the Topix fell 3.46 percent. Across the Korean ...
Asia markets trade lower, focus on oil, earnings and central banks
February 2nd, 2016
Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble. Japan’s Nikkei 225 lost 114.55 points, or 0.64 percent, to close down at 17,750.68, while South Korea’s Kospi slipped ...
Reserve Bank of Australia decided to leave the cash rate unchanged
February 2nd, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The Reserve Bank of Australia has issued a press release to inform on its decision on interest rate. According to the statement: ...
EC focuses on monitoring, not regulating, virtual currencies
January 29th, 2016
The European Commission is examining whether virtual currencies need to be regulated in the wake of last November’s terrorist attacks in Paris, but is currently more focused on monitoring the likes of bitcoin than on rushing out new rules. ...
Big Companies, Huge Problems
January 28th, 2016
Apple is far from the only iconic US company that’s signaling a global slowdown. Three more are in the news today: “Caterpillar warns equipment sales still falling (CNBC) – Caterpillar saw retail sales of machinery fall 16 ...
Europe fines car parts producers for participating in cartel
January 28th, 2016
Antitrust: Commission fines car parts producers € 137 789 000 in cartel settlement European Commission has issued a press release to inform that: The European Commission has imposed fines of €137 789 000 on Melco (Mitsubishi Electric) and Hitachi ...
FED decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent
January 28th, 2016
The Federal Reserve on a meeting on January 27 announced that the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent and supporting further improvement in labor market conditions and a ...
Royal Bank of Scotland announces Updates to the Market and Banco Santander publishes 2015 Results
January 27th, 2016
The Royal Bank of Scotland Group plc (“RBS” or “the Group”) today announces a series of updates to the market: 1. Developments during 2015, in particular publication by the International Accounting Standards Board of its exposure draft of amendments ...
