Search Results for: Allen
Mario Draghi Interview: We must propose a way forward to Europeans
November 2nd, 2015
Interview with Il Sole 24 Ore Interview with Mario Draghi, President of the ECB, conducted by Alessandro Merli and Roberto Napoletano, published on 31 October 2015 President Draghi, in Malta last week, you stressed the downside risks for both ...
MTN fined $5.2 billion. Negotiations to continue.
November 2nd, 2015
Stock halted in Johannesburg after paring earlier decline Phone company has lost abouth fifth of its value since penalty MTN Group Ltd., Africa’s largest wireless operator, remains in negotiations with Nigerian regulators over a $5.2 billion fine for failing ...
Deutsche legal advisers face uncertainty as bank retrenches
November 2nd, 2015
Embroiled in regulatory investigations, the bank has set aside €1.2bn for litigation costs, is cutting 9,000 jobs and leaving 10 countries as it seeks to reduce the risks to which it is exposed. On top of the 9,000 job ...
Asian stocks fall after tepid China PMI survey
November 2nd, 2015
A general view of market boards at the ASX Exchange Centre in Sydney, Australia. Asian stocks mostly slipped into the red on Monday, as investors digested a private survey which showed China‘s mammoth manufacturing sector remaining in a tough ...
Barclays sets aside £290m for foreign exchange compensation
October 30th, 2015
Provision for customers takes Barclays’ legal bill to £2.3bn in nine months, as critics say latest move does little to restore company’s tarnished reputation Barclays is embroiled in yet another scandal after admitting it expects to pay £290m to compensate ...
Fiat money quantity update
October 30th, 2015
After a few months of slower growth, FMQ has picked up again. FMQ is the sum of True Money Supply (as defined by the Austrian School of Economics), plus the banking system’s reserves and other banking-related liabilities on the ...
Shell Leads $19 Billion of Gas, Oil Writedowns in Just One Week
October 30th, 2015
Shell leads writedowns with $8.2 billion in impairments Predictions of future cash flow have fallen along with prices More than $19 billion in oil and gas writedowns have been reported in a single week as producers acknowledge what investors already ...
Rabobank trader tells jury he ignored traders’ requests to rig Libor
October 29th, 2015
A former Rabobank trader accused of engaging in a scheme to manipulate Libor told a jury on Wednesday that he sometimes learned of improper requests from traders to rig the benchmark rate, but never acted on them. The testimony ...
Deloitte network awarded more ‘tier one’ ratings than ever, by World Tax 2016
October 29th, 2015
World Tax 2016 has awarded the Deloitte network its best rankings to date, giving a ‘top tier one’ rating to Deloitte member firms in 47 countries. World Tax tier ratings are based upon input from market and tax professionals ...
Playtech announces Q3 trading update
October 29th, 2015
Playtech has issued today a press release to announce its trading update for the third quarter of 2015 together with an update on trading to date in the fourth quarter. Strong performance from both the Gaming and Financials divisions ...
