Search Results for: euro
Gas Deal Eludes Russia and Ukraine, but talks will continue
October 22nd, 2014
The standoff between the two countries, in which Russian gas deliveries have been halted over Ukraine’s unpaid gas bill, has Europe worried about its winter supplies. Russian and Ukrainian officials meeting on Tuesday failed to reach a deal that ...
Polish company first in the world to sell shares for Bitcoins
October 21st, 2014
A Polish company, InPay S.A., is the first in the world whose shares are available for purchase in public offering using the digital currency Bitcoin. The sale has just launched on the equity crowdfunding site Beesfund.com. Equity crowdfunding is ...
Oil Rises After Chinese GDP Surprises at 7.3% in Q3
October 21st, 2014
West Texas Intermediate and Brent crudes advanced after Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil consuming country. Futures rose as much as 1.5 percent in New York and 1.2 percent in ...
London tech startups attract $200m Singapore venture capital fund Infocomm
October 21st, 2014
Singapore venture capital fund Infocomm is setting up shop in the capital, bringing its $200m (£124m) fund to startups in London and the rest of Europe for the first time. The move was spurred by the momentum in the ...
EU to fine JPMorgan, UBS, Credit Suisse over Swiss franc Libor rigging
October 21st, 2014
European Union antitrust regulators are set to fine JPMorgan (JPM.N), UBS (UBSN.VX) and Credit Suisse (CSGN.VX) collectively over $115 million for rigging Swiss franc Libor benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of ...
Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
October 21st, 2014
The cost for banks to settle probes into allegations traders rigged foreign-exchange benchmarks could hit as much as $41 billion, Citigroup Inc. (C) analysts said. Deutsche Bank AG (DBK) is seen as probably the “most impacted” with a fine ...
Britain Urged to Step Back in Feud With E.U.
October 21st, 2014
José Manuel Barroso, the departing president of the European Commission, said Britain’s confrontational stance with European Union states is hurting its chances of winning the policy changes it wants. The departing president of the European Commission warned Britain on ...
Stocks rise: S&P 500 up for 3rd straight day
October 21st, 2014
Nasdaq also rises for a third straight day and the Dow comes back from a 120-point drop. Stocks closed higher Monday, adding to Friday’s strong rally as investors shake off last week’s volatile trading. The Standard & Poor’s 500-stock ...
Before a Bailout, E.C.B. minutes showed doubts over keeping a Cyprus Bank afloat
October 20th, 2014
As the Cypriot economy reeled from the collapse of its second-largest bank in 2013, the European Central Bank faced a thorny question: Should it keep the institution, Cyprus Popular Bank, alive with short-term loans or pull the plug? By ...
Russia Rating Cut by Moody’s on Sluggish Economic Growth
October 20th, 2014
Russia’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service, which cited sluggish growth prospects and an erosion of the country’s reserves amid sanctions over Ukraine. Moody’s downgraded the sovereign one level to Baa2 from ...
