IG Group obtains License for Swiss Banking Business
October 6th, 2014
IG Group Holdings Plc, the U.K. spread-betting firm, is set to start operations in Geneva, close to the private banks it hopes to win as customers. The London-based company chose Geneva partly because many institutional customers it wants to ...
Foreign banks in Russia turn to rouble bonds
October 6th, 2014
The two biggest foreign banks in Russia have been heavily tapping the rouble bond market to replace funding from their parent companies in Europe as they rush to reduce their exposure to the country. Austria’s Raiffeisen Bank International and ...
Dollar Is 0.2% From 2-Year High on Policy Divergence Bets
October 6th, 2014
The dollar was about 0.2 percent from a two-year high versus the euro as U.S. job gains highlighted the divergence in monetary policy between the Federal Reserve and the European Central Bank. The euro weakened versus higher-yielding currencies as ...
Dukascopy: Reduction of maximum leverage on EUR/CHF exposures
October 6th, 2014
Dukascopy Europe has announced the implementation of a maximum leverage for EUR/CHF exposures of 1:10 as of 12 October 2014, due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps ...
When the carnival is over: Australia’s surprising G20 legacy
October 6th, 2014
The genesis of the G20 is a tale of two crises. The first — the Asian financial crisis — led to the creation of the G20 as a meeting of finance ministers and central bank governors from 19 of ...
CySec: Risks Associated with Investing in Contingent Convertible Instruments
October 3rd, 2014
The Cyprus Securities and Exchange Commission (CySEC) has published an announcement regarding the supervised entities, the stakeholders and the investing public to the statement published by the European Securities Markets Authority (ESMA) titled Potential Risks Associated with Investing in Contingent ...
French court to begin Airbus insider trading trial
October 3rd, 2014
A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group gets under way on Friday, marking the climax of an eight-year investigation. Seven current and former managers at Europe’s largest aerospace group, and ...
Incoming antitrust head promises action on tax deals
October 3rd, 2014
Europe’s incoming antitrust chief has promised a tough line on state-subsidised tax avoidance, saying she will “send a signal” with the speedy conclusion of probes into deals with the likes of Apple, Fiat and Starbucks. At her European parliament ...
Stocks Gain With Dollar Before Jobs Data; Hong Kong Rises
October 3rd, 2014
Stocks gained, with a European index recovering from its biggest loss in 15 months, and the U.S. dollar strengthened versus major peers before the world’s largest economy reports payrolls data. Hong Kong shares rallied. As investors assess the strength ...
Dr. James Leontiades
October 3rd, 2014
Dr. James (Jim) Leontiades is currently Academic Dean at the Cyprus Institute for International Management. His Business experience includes several years in the Planning Department of General Motors Overseas Operations as well as positions with consulting firms in London ...
