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Asia markets retrace losses; banks remain under pressure
February 8th, 2016
Markets in Australia and Japan rang in the year of the monkey on a slightly higher note, erasing early losses Monday. Most major Asian markets remained closed for the Lunar New Year holidays. Down Under, the ASX 200 erased losses of ...
EU on brink of ‘terrifying crisis’ Five of Europe’s big banks are in danger, warns expert
February 4th, 2016
Some of Europe’s biggest banks are on the brink for a crisis that echoes the 2008 meltdown, a finance expert warned today, as fears over the global economy escalate. Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among ...
Surprises in store…
February 3rd, 2016
The month of January has been a wake-up call for complacent equity investors. From the peaks of last year stock indices in the major markets have fallen 10-20%, give or take. On their own, these falls could be read ...
Barclays Among Bidders For TD Direct Broker
February 1st, 2016
Barclays has emerged as a surprise potential buyer of TD Direct Investing as its Canadian owner explores a sale, Sky News learns. Barclays has tabled an offer to buy TD Direct Investing, one of the UK’s biggest retail stockbroking ...
In Iran, New Battle Brews Over Contracts With Foreign Oil Giants
February 1st, 2016
A political battle is taking shape in Iran over any new foreign role in developing the country’s enormous oil wealth, only a few weeks after the Iranian nuclear deal with foreign powers relaxed tough economic sanctions. The battle pits ...
Greece Is First EU Country Out Of The Gate To Buy Iranian Oil
January 27th, 2016
Greece, once a leading European customer of Iranian oil before the imposition of Western sanctions in 2012, will be the first European country to resume buying Iranian crude now that the sanctions have been lifted. The country’s biggest oil ...
Deutsche Bank Convicted With Trader for Korea Stock Manipulation
January 26th, 2016
Employee gets five-year jail term for causing 2010 Market Rout Bank is fined for role in erasing $23 billion in share values Deutsche Bank AG’s South Korean brokerage unit and one of its employees were convicted of manipulating share ...
How domestic economic strength can prevail over global weakness
January 26th, 2016
Find below the Keynote speech by Mario Draghi, President of the ECB, at the Deutsche Börse Group New Year’s reception 2016, Eschborn, 25 January 2016 Thank you, Mr Faber, for your very kind introduction. And let me start by ...
China, Iran Agree to Expand Trade to $600 Billion in a Decade
January 25th, 2016
China and Iran mapped out a wide-ranging 25-year plan to broaden relations and expand trade during the first visit by a Chinese leader to the Islamic republic in 14 years. President Xi Jinping met with his counterpart Hassan Rouhani ...
Russian Oil: Output Grows as Prospects Shrink
January 25th, 2016
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil giant OAO Lukoil are helping raise Russia’s oil output to its highest ...
