Search Results for: Allen
Oil falls after industry report shows surge in U.S. crude stocks
October 21st, 2015
Oil prices fell on Wednesday after data from an industry group showed a larger-than-expected build in U.S. crude inventories last week, fanning worries over global oversupply, even as a slightly weaker dollar provided some support. Brent crude for December ...
Asia shares lag behind Nikkei, euro firm for ECB
October 21st, 2015
Asian shares turned mixed on Wednesday as soft export data kept investors cautious ahead of the European Central Bank‘s policy meeting later in the week, though Japan’s market was having a go at setting a new peak for the ...
FS firms told to prepare for avalanche of IoT data
October 20th, 2015
Financial services firms should begin planning for the avalanche of new data that will hit them through the rise of the Internet of Things (IoT), which, if used correctly, could bring huge benefits to the industry, according to a ...
Deloitte acquires leading Canadian asset reliability consultancy
October 20th, 2015
Asset Performance Group will bring new reliability and maintenance capabilities to Deloitte’s consulting practice Deloitte announced that it has entered into a definitive agreement to acquire the Asset Performance Group (APG), a leading asset reliability consultancy based in Burlington, ...
Deutsche Bank, Credit Suisse Set to Scale Back Global Ambitions
October 20th, 2015
Regulation, interest rates, economy curbing profitability U.S. firms are grabbing greater share of investment bank fees Europe’s last global banks are caving in to pressure from regulators and preparing to tell investors just how much their aspirations will shrink. ...
Volkswagen hits metals
October 20th, 2015
Prices of platinum – used in engines – have tumbled since the scandal broke. PLATINUM prices have plunged since the Volkswagen emissions scandal broke, as investors have shifted into its sister metal palladium – with the latter’s price rising ...
Ex-Rabobank Trader Says `Libor Time’ Was Call to Fix Rates
October 20th, 2015
Second former trader testifying against colleagues at trial Libor tied to more than $350 trillion of loans and securities “It’s Libor time.” That was the call ahead of Rabobank Groep’s daily morning Libor submission as bank employees gathered to rig ...
OPEC Brings Oil Price War Home in Pursuit of Asia’s Cash
October 20th, 2015
Members discounting their crude to lure Asian buyers Kuwait’s official selling price diverges from Saudi Arabia When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition. Suppliers from the Organization ...
U.S. Stocks Steady, Despite Pressure From Lower Oil Prices
October 20th, 2015
Energy shares tumble on concerns about higher production in Iran, China’s economy U.S. stocks edged higher Monday, though a slump in energy shares kept a lid on the gains. The Dow Jones Industrial Average inched up 14.57 points, or ...
Lending expected to grow more than 3% in 2016, boosting Eurozone economy
October 19th, 2015
Business lending expected to grow by 3.8% in 2016 due to improving credit conditions and renewed business confidence Consumer credit to recover this year, growing 1.9%, and an expected 3.1% in 2016 Assets under management (AUM) in equities expected ...
