Search Results for: europe
IASB starts ‘long journey’ to overhaul macro hedging
April 22nd, 2014
THE WAY banks account for financial risk is to fundamentally change as part on an overhaul to macro hedge accounting proposed by the IASB. Banks generally manage interest rate risk on a portfolio basis but are required to use ...
Spanish banks face tough rivalry in small companies bet
April 22nd, 2014
Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. After gorging on property lending in the run-up to a financial crisis, banks are looking to revive high-margin ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
Asia shares rise, shrug off slower China growth
April 16th, 2014
Shares rose Wednesday in Asia as positive sentiment from strong corporate earnings outweighed Ukraine’s crisis and slower economic growth in China. The Nikkei jumped 2.5 percent to 14,347.41 as a weaker yen boosted exporter stocks and Softbank Corp. shares ...
Oil falls to near $103 ahead of Ukraine meeting
April 15th, 2014
The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine. By early afternoon in Europe, benchmark U.S. crude for May delivery was down 92 ...
German company starts gas deliveries to Ukraine
April 15th, 2014
German utility company RWE said Tuesday it has started sending natural gas to Ukraine, a move that could support the country if Russia acts on its threat to cut off supplies because of a massive debt for past deliveries. ...
Foreign investors’ figures favourable for Cyprus
April 15th, 2014
Foreign investors showed great interest in Cyprus in 2013 due to the Government’s scheme offering citizenship and permanent residence on the island, Minister of Interior, Socrates Hasikos has revealed. According to the Cyprus News Agency, Hasikos said that the ...
EU lawmakers to complete financial system overhaul
April 15th, 2014
The European Parliament is set to approve legislation that will complete the biggest overhaul of the bloc’s financial system since the introduction of the euro currency. Lawmakers in Strasbourg on Tuesday are slated to sign off on the establishment ...
Taxware Acquires VAT Resource
April 15th, 2014
Taxware, provider of sales, use and value added compliance software and services, announced the acquisition of VAT Resource, The Netherlands-based independent VAT technology, consulting and compliance outsourcing company. The acquisition enhances Taxware’s VAT content for tax determination while adding ...
EU Expands Sanctions Against Russia Over Ukraine
April 15th, 2014
European Union foreign ministers agreed on Monday to expand sanctions against Russia over its actions in Ukraine by putting more people under asset freezes and visa bans, British Foreign Secretary William Hague said. “We have agreed among foreign ministers ...
