Search Results for: ELA
Like Chinese Stocks? In Hong Kong, They’re 12% Cheaper
December 5th, 2014
The rush to pile into the world-beating stock rally in Shanghai has become so fevered that many investors are passing over identical shares that are trading more than 10 percent cheaper in Hong Kong. It’s a reminder of how froth can overwhelm ...
Enforcement Directorate probes Rs.20,000 crore hawala link in India-Iran trade, UCO Bank under scanner
December 4th, 2014
The Enforcement Directorate (ED) has begun an open enquiry under FEMA Act, in perhaps – one of the biggest hawala scam – against all those export-import (exim) companies that deals with Central Asian nations, specifically Iran and Azerbaijan. The ...
Toyota to recall 190,000 cars in Japan, China over Takata air bags
December 4th, 2014
Toyota Motor Corp (7203.T) said on Thursday it would call back 190,000 more vehicles, mostly in Japan, to replace potentially defective air bags made by Takata Corp (7312.T), the latest in a long line of recalls for the embattled auto ...
Dollar Approaches 120 Yen on U.S. Growth as Aussie Falls 6th Day
December 4th, 2014
The dollar strengthened to within 0.1 percent of 120 yen, the highest since July 2007, as analysts forecast that U.S. job growth will accelerate while Japan remains in recession. A gauge of the U.S. currency headed for its highest close in more than ...
Fall of the Bond King: How Gross Lost Empire as Pimco Cracked
December 4th, 2014
Bill Gross, the 70-year-old king of bonds, rushed through the offices of his $2 trillion empire on a Friday morning distributing hand-written notes. He knew his reign was over. The billionaire co-founder of Pacific Investment Management Co. and its ...
U.S. Shares Rise With Dollar as Oil Surges Amid Data
December 3rd, 2014
U.S. stocks rose toward records, as energy shares rallied with the price of crude and investors weighed data on hiring and the services sector. European equities climbed and the dollar gained on speculation the region’s central bank will add ...
Top 10 Technology Predictions For 2015
December 3rd, 2014
New technologies will account for 100% of growth. Worldwide IT and telecommunications spending will grow 3.8% in 2015 to more than $3.8 trillion. Wireless data, the largest segment of the telecommunications sector, will also be the fastest growing ...
Fitch: Petrobras Corruption Scandal Pressuring Credit Quality
December 3rd, 2014
Recent allegations of corruption scandals in Petroleo Brasileiro S.A.’s (Petrobras) contracting practices hold the potential to affect its credit quality to the extent it slows production growth, affects access to debt capital markets, and receives monetary penalties according to ...
Sweetheart tax avoidance deals to receive greater scrutiny from the EU
December 3rd, 2014
Draft legislation to oblige sharing of corporation tax deals, as Germany, France and Italy pressure Juncker over Luxembourg The European commission has pledged to fast-track new legislation to establish greater scrutiny over sweetheart tax avoidance deals for big companies. ...
Asian shares edge down, oil rises as crude inventories decline
December 3rd, 2014
The dollar marked a fresh seven-year high against the yen on Wednesday, which helped lift the Nikkei to a similar record, while oil prices recovered after data showed a drop in U.S. supply. MSCI’s broadest index of Asia-Pacific shares ...
