Search Results for: ELA
BHP to test U.S. oil export ban by selling without formal ruling
November 5th, 2014
BHP Billiton Ltd is set to be the first company to export lightly processed ultra-light U.S. oil without explicit permission from the government, further testing the limits of an increasingly contentious ban on foreign sales. Eight months after two ...
Commercial Bank of Kuwait cancels KWD 120 million bond
November 5th, 2014
In a statement to the Kuwait Stock Exchange on Tuesday, 4 November, Commercial Bank of Kuwait (CBK) announced that it was cancelling the sale of its proposed KWD 120 million bond. The bank said the decision was taken as ...
Australia Needs Stimulus to Avoid Recession, Morgan Stanley Says
November 5th, 2014
Australia could face its first recession in almost 25 years unless authorities further stimulate the economy, Morgan Stanley (MS:US) said. The nation’s economy will expand just 1.9 percent in 2015, with 1.5 percentage points of that coming from higher ...
Sprint’s CEO faces mounting challenges to turn company around
November 5th, 2014
When Marcelo Claure took the top job at Sprint Corp (S.N) two months ago, he faced an uphill climb in turning around the No. 3 U.S. cellular provider. On Monday, it became clear quite how steep that road to ...
Introduction to Trading Systems – Part I
November 5th, 2014
Traders have many wise and pithy sayings which illustrate market wisdom and correct practices that might serve them well in their speculative operations in the markets. Two of those which appear to be in conflict with each other are: ...
French, German banks each to pay 15 billion euros into resolution fund
November 4th, 2014
France and Germany have agreed that banks in each country should pay 15 billion euros ($19 billion) toward a bank resolution fund designed to limit the fallout from a banking collapse, French Finance Minister Michel Sapin said on Tuesday. ...
Euro zone to avoid recession, stagnation risks remain: EU Commission
November 4th, 2014
The euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, calling on Germany to help as Chancellor Angela Merkel again rejected a spending spree. The EU executive ...
EY ends Deloitte’s 14-year audit role at RBS
November 4th, 2014
EY has emerged victorious in the battle to secure the lucrative RBS audit account. The bank announced that EY had wrested the account from incumbent Deloitte, which has been the institution’s auditor since 2000. Last year RBS paid Deloitte ...
Sysco shares fall as merger hits a snag
November 4th, 2014
Sysco, US’s biggest food distributor to restaurants, is trying to save its $3.5 billion merger with its closest rival US Foods. The company is in talks with the No. 3 distributor, Blackstone Group-owned Performance Food Group, about selling it ...
Is Better Communication Longer and More Complex?
November 4th, 2014
Twenty years ago, when the Federal Reserve Open Market Committee wanted to change interest rates, it didn’t make any announcement. It just took action, and market participants observe those actions. Mark Wynne of the Federal Reserve Bank of Dallas ...
