Search Results for: ELA
Alpari Japan K.K. is under Administartion
January 20th, 2015
Japan’s financial Services Agency released today that Alpari Japan is also under Administration following parent company Alpari (UK) Ltd. Japan’s financial Services Agency statement points that, based on both: the current situation of Alpari (UK) Limited, a parent company of ...
World Economic Outlook (WEO) UPDATE
January 20th, 2015
Cross Currents Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...
Gold is the New Cash: Weak Currencies Cause Gold Prices to Soar
January 20th, 2015
Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz. One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading ...
FXCM Provides Further Details on Financing With Leucadia National Corporation
January 20th, 2015
Further to the announcement that Leucadia is investing $300 million in cash into FXCM, the leading online provider of foreign exchange issued a stattement with further details on the financing. Read also the announcement Leucadia is investing $300 million in cash ...
DUKASCOPY on the SNB decision
January 20th, 2015
DUKASCOPY released on SNB decision and CHF accounts that: No Trade Cancellations, No Negative Balances Management of Dukascopy Group has decided to take an exceptional decision to cover negative balances on client accounts related to CHF move on SNB ...
Moody’s downgrades three major Russian Financial Institutions
January 20th, 2015
Moody’s Investors Service has on Monday 19, 2015 downgrades three major Russian Financial Institutions namely Sberbank, Agency for Housing Mortgage Lending OJSC and Vnesheconombank. These actions follow the weakening of Russia’s credit profile, as reflected by Moody’s downgrade of Russia’s ...
Alpari (UK) Ltd is under administration
January 19th, 2015
Upon the application of the directors of Alpari (UK) Ltd, on Monday 19 January 2015, the High Court appointed Richard Heis, Samantha Bewick and Mark Firmin of KPMG LLP as joint special administrators of Alpari (UK) Ltd, under the ...
Here’s What the Swiss Central Bank Just Did and Why It’s Such a Shocker
January 19th, 2015
Today the Swiss National Bank shocked the world when it announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the euro. Here’s what that means and what it’s ...
SNB president defends shock move: reaction ‘overdone’
January 19th, 2015
Reaction to the Swiss National Bank’s (SNB) scrapping of its cap on the value of the Swiss franc has been overdone, the bank’s president Thomas Jordan has said in a newspaper interview. “We see significant excesses in current exchange ...
Why the Swiss unpegged the franc
January 19th, 2015
In the world of central banking, slow and predictable decisions are the aim. So on January 15th, when the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate ...
