Search Results for: Allen
PRECIOUS-Gold stays firm after Fed raises rates
December 17th, 2015
Gold held gains on Wednesday, after the Federal Reserve raised U.S. interest rates for the first time in nearly a decade, as expected, making clear it was a tentative beginning to a “gradual” tightening cycle. The U.S. central bank’s ...
KPMG in hot water over HBOS collapse
December 16th, 2015
The “big four” auditing firm KPMG has found itself under renewed pressure over its role in signing off HBOS’s books in the years before the bank collapsed. The Bank of England/Financial Conduct Authority report did not specifically evaluate KPMG’s ...
Paul P. Andrews of FINRA Named IOSCO Secretary General
December 16th, 2015
The Board of the International Organization of Securities Commissions (IOSCO) today announced it has appointed Paul P. Andrews as its new Secretary General. Mr. Andrews is currently the Vice President and Managing Director of International at the Financial Industry ...
Here’s how the Fed actually raises interest rates
December 16th, 2015
For the Fed, voting to hike interest rates is the easy part. The tough work begins as U.S. central bank officials implement the right maneuvers to ensure rates go where they want. Essentially, the heavy lifting gets assigned to ...
With change of tone, EU warms to Turkey, Serbia membership bids
December 15th, 2015
The European Union revived Turkey’s membership bid on Monday and opened accession talks with Serbia, showing how a migration crisis and Russia’s presence in the Balkans has prompted the EU to rethink plans to stop expanding. More than a ...
Sony LIV partners with Fortumo to offer easy payment solutions to its users
December 15th, 2015
Sony LIV, Multi Screen Media’s (MSM) premium digital video entertainment service has associated with the mobile payments company, Fortumo. Fortumo will now power payments for Sony LIV users. On account of this association, more than 580 million subscribers of Airtel, Vodafone, Idea and ...
IBM Opens Watson IoT Global Headquarters, Extends Power of Cognitive Computing to a Connected World
December 15th, 2015
IBM (NYSE:IBM) today announced the opening of its global headquarters for Watson Internet of Things (IoT), launching a series of new offerings, capabilities and ecosystem partners designed to extend the power of cognitive computing to the billions of connected devices, sensors and systems ...
EU: Maximising the contribution of the European Structural and Investment Funds to the Commission’s priorities
December 15th, 2015
The Commission adopted a Communication on the contribution of the European Structural and Investment Funds (ESI Funds) to the EU’s growth strategy, the Investment Plan and the Commission’s priorities over the next decade. The Commission adopted a Communication on the contribution ...
Junk Bond Crisis Starts To Metastasize
December 15th, 2015
With junk bonds finally reverting to their intrinsic value, the question on everyone’s mind is “what blows up next?” Here’s the first in what might be a long, painful list: “CLOs Hammered as Energy Rout Plays Havoc ...
Greece: Market concerned about gov’t stability
December 14th, 2015
The government and the country’s international creditors have reached an agreement on the second list of 13 milestones that will lead to the disbursement of the sub-tranche of 1 billion euros by the end of the year. In addition, ...
