Search Results for: EU
China fines 12 Japanese firms $201 million for price manipulation
August 20th, 2014
China’s anti-monopoly regulator said on Wednesday it has ordered 12 Japanese auto part and bearings makers to pay fines totaling 1.24 billion yuan ($201.80 million) for manipulating prices. Sumitomo Electric Industries Ltd, Denso Corp and Mitsubishi Electric Corp are ...
Trading probes from regulator on Brazil’s Batista due in 2015
August 20th, 2014
The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said. “Perhaps the verdicts ...
Citigroup considers sale of Japan retail unit
August 20th, 2014
Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, according to a source, as the U.S. banking company struggles to turn around its Japanese operations. Citigroup’s move came as Japan’s banking ...
Goldman to face Libya’s sovereign wealth fund in court over trades
August 19th, 2014
Goldman Sachs (GS.N) and Libya’s sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades ...
U.S. Stocks Up on Ukraine Talks
August 19th, 2014
U.S. stocks rose, with the Nasdaq Composite Index climbing to a 14-year high, as tensions eased over global conflicts. Dollar General Corp. rallied on merger activity. Ukrainian Foreign Minister Pavlo Klimkin met his Russian counterpart Sergei Lavrov for more ...
More gloom ahead for FX dealers in next two years
August 19th, 2014
Consultancy paints a far from rosy picture for the FX market in the years ahead as technology investment takes centre stage. Foreign exchange revenue and front-office headcount at banks will continue to decrease over the remainder of this year ...
Tax Burden in U.S. Not as Heavy as It Looks, Report Says
August 19th, 2014
For years, chief executives have complained bitterly about the United States corporate tax code, arguing that it is too complicated and that rates are too high. The issue has reached a near boiling point this summer as many large ...
Sprint cuts rates, CEO says more new plans to come
August 19th, 2014
Sprint Corp (S.N) on Monday unveiled a new pricing plan that offers customers 20 gigabytes of data and up to 10 lines for $100, doubling its data offerings, the latest in a string of price cuts and promotions sweeping ...
StanChart faces fresh $300m US settlement
August 19th, 2014
Standard Chartered is in talks to pay up to $300m to New York’s top banking regulator to settle allegations it failed to identify suspicious transactions. New York’s Department of Financial Services could announce the settlement as soon as this ...
OSB Daily Technical Analysis
August 19th, 2014
OSB Daily Technical Analysis for August 19, 2014 EUR/USD – consolidating at these levels, remains bearish. The EUR remains weak while it retests support levels at the 1.33 area. No signs of strength with strong possibility to continue downward ...
