Search Results for: ELA
Japan plans to finance foreign Coal Plants
July 29th, 2014
Following U.S’s and Europe’s negligence for supporting overseas coal projects, Japan has seize the opportunity to advance in this sector. According to the Wall Street Journal, on July 23, Japanese plans were set out in order to support coal-fired ...
Herbalife cuts sales outlook, shares drop to 10.5 percent
July 29th, 2014
Herbalife Ltd, a maker of weight-loss and nutritional products, cut its sales outlook for this year after raising it three months earlier, causing its shares to drop to 10.5 percent in extended trading. The company, which has been labeled ...
Russia faces more sanctions from the U.S. and Europe
July 29th, 2014
The United States and Europe have unitedly decided to increase the economic sanctions against Russia since they fear that Moscow might be planning an invasion in Ukraine soon. After months in which European leaders resisted going as far as ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 28th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “P.M. Investment Capital Limited ” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
Lloyds Banking Group charged with $370 million fine
July 28th, 2014
Britain’s Lloyds Banking Group (LLOY.L) has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement ...
EY wins £2m Sage audit contract
July 28th, 2014
EY has won the audit contract for Sage, following a tender of the £2m deal. PwC will step down after completing accounts work to 30 September 2014, bringing its 26-year audit relationship with the FTSE 100 software business to ...
EUR/USD Below 1.3430 as traders earn from bullish turn
July 28th, 2014
The dollar was about 0.1 percent from the strongest level in eight months against the euro as investors raised bets it would climb versus the single currency to the most since November 2012. The U.S. currency maintained its biggest ...
Catalunya Banc gets advise from Bakers and Garrigues on €1.2bn sale to BBVA
July 28th, 2014
Baker & McKenzie has advised state-owned Spanish lender Catalunya Banc on its sale to Banco Bilbao Vizcaya Argentaria (BBVA) for €1.2bn. BBVA won the mandate to buy the bank in a competitive auction run by the Spanish Bank Resturucturing ...
USD/CAD reached 1.0815 on Economic Concern
July 28th, 2014
The Canadian dollar sank to a five-week low before reports next week that are forecast to show the nation’s economy is lagging behind that of the U.S., its biggest trading partner. The currency fell for a second day against ...
Oil Mixed With West TX reaching $102
July 28th, 2014
Brent crude oil reversed losses jumping back above $108 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market. A Russian security official ...
