Search Results for: Trading
Oil hits new 26 month low on China concerns
September 16th, 2014
The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia. Brent crude, the global oil benchmark, saw ...
Senior BNP Paribas energy traders quit; bank denies downsizing
September 16th, 2014
Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses. Keith Shoemaker, managing director of North American natural gas trading, and ...
Alibaba raises IPO as demand strengthens
September 16th, 2014
Alibaba Group Holdings has raised its initial public offering to $66 to $68, demonstrating the high demand from investors for the year’s most anticipated debut and potentially the world’s largest-ever IPO. Alibaba has attracted investors willing to buy into ...
FCA charges insider dealers with £3.2m in confiscation
September 15th, 2014
In a case brought by the Financial Conduct Authority (FCA) a total of £3,249,488.71 were made by His Honour Judge Pegden QC between 10 September 2014 and 15 September 2014 against Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, ...
Rupee extends losses against dollar
September 15th, 2014
The rupee-dollar pair hit 61.0875, its highest since September 18. The pair was trading at 61.06/07 versus Wednesday’s 60.96/97 close. Nifty was down 0.6 per cent. Month-end demand from importers further helped the pair. Foreign fund flows will remain ...
Commodities Continue to Suffer Before Fed Decision
September 15th, 2014
Major commodity markets, many already trading near multi-year lows, could face more pressure should the US Federal Reserve suggest an interest rate rise this week. Precious metals may be the most susceptible, as gold prices in recent days have ...
Australia 200 – Drops Sharply Back to Key 5500 Level
September 15th, 2014
Australia 200 for Monday, September 15, 2014 For the last couple of weeks the Australia 200 Index has declined from its multi-year high after running into resistance around 5650 back to consolidate just under the 5600 level, before falling ...
Gold Around $1230 on Fears of More Hawkish Fed
September 15th, 2014
Gold edged higher on Monday as Asian equities tumbled but the metal continued to struggle near an eight-month low due to weak physical demand and fears the Federal Reserve may signal an early interest rate increase at this week’s ...
UK bank adviser pay catching up with traders
September 15th, 2014
Senior advisory bankers’ pay in London has risen almost on to a par with traditionally higher-earning traders, underlining the shifting fortunes of these distinct businesses within investment banks. By contrast, senior traders have suffered an average 13 per cent ...
Sinopec to sell $17.4 billion stake to investors
September 15th, 2014
Shares in China Petroleum & Chemical Corporation, known as Sinopec, fell on Monday morning as markets reacted to the company’s plans to raise $17.4 billion by selling a stake in its nationwide chain of gas stations to outside investors. ...
