Search Results for: euro
Asian shares edge up, dollar steadies after drop
October 7th, 2014
Asian shares rose on Tuesday, while the dollar languished after investors locked in some gains on its recent rally. “European equities are set to edge lower tracking modest declines in the US overnight. The small negative start belies the ...
German industry production slumps as fears mount
October 7th, 2014
German industrial production contracted 4 per cent in August, the biggest decline in over five years and much worse than expected – fuelling fears that even the eurozone’s economic powerhouse is now flirting with a recession. Germany’s economy unexpectedly ...
Amazon to face EU investigation over Luxembourg tax deal
October 7th, 2014
The European Commission is set to begin a formal probe into allegations that Luxembourg allowed Amazon.com Inc to benefit illegally from state subsidies for its European operations for almost 10 years, the Financial Times reported on Monday. The investigation ...
U.S., UK regulators might settle Deutsche Bank Libor case this year
October 7th, 2014
U.S. and British regulators are in a plan to settle the Deutsche Bank AG (DBKGn.DE) Libor case in the next few months as they hope to extract major penalties from the bank for alleged manipulation of the benchmark interest ...
IG Group obtains License for Swiss Banking Business
October 6th, 2014
IG Group Holdings Plc, the U.K. spread-betting firm, is set to start operations in Geneva, close to the private banks it hopes to win as customers. The London-based company chose Geneva partly because many institutional customers it wants to ...
Foreign banks in Russia turn to rouble bonds
October 6th, 2014
The two biggest foreign banks in Russia have been heavily tapping the rouble bond market to replace funding from their parent companies in Europe as they rush to reduce their exposure to the country. Austria’s Raiffeisen Bank International and ...
Dollar Is 0.2% From 2-Year High on Policy Divergence Bets
October 6th, 2014
The dollar was about 0.2 percent from a two-year high versus the euro as U.S. job gains highlighted the divergence in monetary policy between the Federal Reserve and the European Central Bank. The euro weakened versus higher-yielding currencies as ...
Dukascopy: Reduction of maximum leverage on EUR/CHF exposures
October 6th, 2014
Dukascopy Europe has announced the implementation of a maximum leverage for EUR/CHF exposures of 1:10 as of 12 October 2014, due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps ...
Tel Aviv bourse expands derivatives trading in January
October 6th, 2014
The Tel Aviv Stock Exchange (TASE) will launch trading of options and futures on the Tel Aviv 100 benchmark index in January, the bourse said on Sunday, as it seeks to attract new investors and boost liquidity. A senior ...
When the carnival is over: Australia’s surprising G20 legacy
October 6th, 2014
The genesis of the G20 is a tale of two crises. The first — the Asian financial crisis — led to the creation of the G20 as a meeting of finance ministers and central bank governors from 19 of ...
