Search Results for: European Union
U.S. Stocks Advance Amid Drug-Maker Rally as Caution Subsides
July 7th, 2016
Fed minutes show heightened uncertainty on job data, U.K. vote Banks, commodity shares rise after erasing early losses U.S. stocks advanced, led by gains among drug companies, as cautious sentiment eased amid speculation the American economy can weather the ...
Chinese Day Traders Are Behind Silver Frenzy Moving Prices
July 6th, 2016
Retail trade behind rising volume as open interest falls: Saxo Moves reminiscent of China commodity frenzy earlier this year Chinese day traders are moving the silver market. The metal posted its biggest two-day rally in five years on Monday, ...
British pound plunged to fresh 31-year lows
July 6th, 2016
The British pound plunged to fresh 31-year lows on Wednesday, swamped by continued fears over the U.K. leadership vacuum and the country’s potential exit from the European Union (EU). The pound tumbled as low as $1.2796 during Asia trade on Wednesday, ...
Global stocks slide, bonds surge as Brexit fears resurface
July 6th, 2016
Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risky assets of all stripes. In frantic trading reminiscent of the fateful ...
Bank of England published Financial Stability Report
July 5th, 2016
It is the statutory responsibility of the Financial Policy Committee (FPC) to identify, monitor and take action to remove or reduce systemic risks, with a view to protecting and enhancing the resilience of the UK financial system. By fulfilling ...
McDonald’s wins EU ‘Mac’-ruling
July 5th, 2016
McDonald’s has won a case that could stop another company using the “Mc” or “Mac” prefix on its food and drink. A European court upheld a 2013 ruling that said the MacCoffee trademark of a Singaporean company, Future Enterprises ...
New EU rules to fight insider dealing and market manipulation in Europe’s financial markets take effect
July 5th, 2016
A revamped EU legal framework, applicable as of 3 July, will ensure even more efficient, transparent and trustworthy European financial markets. This new rulebook, will increase investor protection and confidence by allowing deeper and more integrated financial markets, and ...
London Stock Exchange Shareholders Approve Merger With Deutsche Börse
July 5th, 2016
London Stock Exchange shareholders on Monday voted strongly in favor of a planned $30 billion tie-up with Germany’s Deutsche Börse, but after the U.K.’s decision to leave the European Union, bigger obstacles may lie ahead. As expected, shareholders controlling ...
Singapore leads Hong Kong in race to be Asia’s fintech hub
July 5th, 2016
Singapore has pushed ahead of regional rival Hong Kong in the race to emerge as Asia’s financial technology (fintech) hotspot. State funding, light-touch regulation and a recent move to allow start-ups to test financial products in a controlled environment have ...
Asian Shares Retreat With Commodities as Haven Demand Boosts Yen
July 5th, 2016
Aussie falls as RBA leaves key rate unchanged; yen advances Nickel slides from eight-month high as Brent crude below $50 Asian stocks dropped for the first time in a week and European equity index futures fell with commodities as ...
