Search Results for: EU
Spanish High Court Orders Ex-Bankers to Deposit Millions
October 17th, 2014
Spain’s High Court on Thursday gave two former senior executives at bailed-out lender Bankia and its predecessor Caja Madrid three days to hand over several million euros as it investigates claims of misuse of company credit cards. Rodrigo Rato, ...
Google’s revenue falls short despite curbing price declines
October 17th, 2014
Google Inc’s revenue fell short of Wall Street’s expectations as growth in Internet advertising slowed in the most-recent quarter, offsetting a modest improvement in ad pricing, sending its shares down about 3 percent. The total number of ads, or ...
Asia stocks halt selling as U.S. data calm investor nerves
October 17th, 2014
Asian stocks clawed back some of this week’s losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge. MSCI’s broadest index ...
E.U. Praise for Greece Fails to Stem Bond Sell-Off
October 17th, 2014
On Thursday, as more investors fled Greek bonds, they drove the government’s long-term borrowing costs to nearly 9 percent — up from 7 percent on Wednesday and the highest level since January. Although Greece appeared to be on the ...
U.S. Dollar Recovers Slightly on Favorable U.S. Monetary Policy View
October 17th, 2014
The U.S. dollar recovered against a basket of major currencies on Thursday on the view that Wednesday’s selloff was overdone given the relative strength of the U.S. economy and the Federal Reserve’s commitment to tightening U.S. monetary policy. A ...
Wells Fargo to shut its ‘dark pool’ due to falling demand
October 17th, 2014
Wells Fargo (WFC.N) is closing down its alternative trading system, or “dark pool,” due to decreased customer demand, the company said on Thursday. The San Francisco-based bank will still offer its clients a full suite of electronic trading tools ...
UK blocks €5bn Russian North Sea deal
October 16th, 2014
The UK has blocked a €5bn deal by Russian billionaire Mikhail Fridman to acquire gas fields in the North Sea, as even private Russian companies with no connection to Russian president Vladimir Putin’s inner circle fall victim to the ...
Stocks Lower Thursday After Rough Day on Wall St.
October 16th, 2014
Investors have grown increasingly concerned over signs that global economic growth is faltering and that policy makers may lack the monetary and fiscal tools necessary to stop the slide. The volatility in global markets extended into another day, with ...
Steep Sell-Off Spreads Fear to Wall Street
October 16th, 2014
Dizzied by the turmoil, Wall Street experts agreed on one thing: The jarring day showed that fear had finally returned to markets that had become disconcertingly complacent. Waves of nervous selling buffeted the stock market in the United States ...
Central bankers may have no quick fix as markets swoon, economy weakens
October 16th, 2014
Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. Stocks slumped again on Wednesday pushing ...
