Search Results for: Allen
IMF says China FX policy should continue to allow more flexibility
May 7th, 2015
China should allow greater flexibility in its exchange rate policy by reducing intervention, as part of its efforts to secure a gradual moderation in growth while pursuing economic reforms, the International Monetary Fund said on Thursday. “To help deliver ...
Dollar struggles on soft data, sterling awaits election
May 7th, 2015
Dollar index hits two-month lows Euro breaks above $1.13 for the first time since late Feb Sterling on defensive for UK elections Aussie up slightly after fall on local job data The dollar languished near its lowest levels ...
Greece makes IMF payment but hopes of quick deal dashed
May 6th, 2015
Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger installment Athens must pay next week. Leftist Prime Minister Alexis Tsipras‘ government ...
Russia’s Gazprom Suing Ukraine’s Naftogaz for $24 Billion in Gas Price Feud
May 6th, 2015
Russian energy giant Gazprom is suing Ukraine’s state gas company Naftogaz for nearly $24 billion amid a long-running gas pricing dispute between the two countries, according to a report published on the Naftogaz website. Ukraine is suing for a similarly massive sum: Prime Minister Arseniy ...
U.S. Trade Gap Widens on Surging Imports
May 6th, 2015
Stronger dollar, influx of foreign goods augur lower numbers on economic growth A stronger dollar and an influx of pent-up imports into West Coast ports are pointing the U.S. economy toward its third quarterly contraction in its six-year-long expansion, ...
Asian stocks at 2-week lows, bond woes spread, dollar slips
May 6th, 2015
Selloff in government bonds from Germany to Australia China stocks bounce after moderately encouraging PMI data Commodities rally in what might be a return to reflation Dollar softer on trade blow out, Fed’s Yellen speech awaited (.) A selloff in global ...
SpiderLogic and PKF Cooper Parry form Joint Venture
May 5th, 2015
Ground-breaking JV with leading American custom software provider Business advisory firm PKF Cooper Parry has formed a ground-breaking joint venture with leading American custom software provider SpiderLogic – enabling both firms to boost expertise and increase international reach. The move is ...
HSBC Holdings plc 1Q 2015 Earnings Release
May 5th, 2015
Reported PBT up 4% in the first quarter of 2015 (‘1Q15’) at $7,059m compared with $6,785m in the same period in 2014 (‘1Q14’). Adjusted PBT up $349m or 5% in 1Q15 at $6,892m, compared with $6,543m in 1Q14, primarily ...
Largest independent broker-dealers enjoy double-digit revenue growth
May 4th, 2015
Despite lackluster sales of commission-rich products, IBD revenues grew in line with the broad market in 2014 Despite lackluster sales in 2014 of commission-rich products such as variable annuities and nontraded REITs, the leading independent broker-dealers managed to squeeze ...
Russia is creating a $100 billion rival to the IMF
May 4th, 2015
Russian President Vladimir Putin ratified an accord Saturday to set up a $100-billion reserve fund for the so-called BRICS — the five leading emerging economies that include Russia, China, Brazil, India and South Africa. Moscow is expected to contribute ...
