Search Results for: Allen
Fannie, Freddie shares slump after investor lawsuits dismissed
October 2nd, 2014
Shares of government-controlled Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) plummeted on Wednesday, the day after a judge upheld the U.S. Treasury’s right to seize the mortgage finance companies’ profits. Judge Royce Lamberth, threw out lawsuits brought by investors ...
Another fall for German consumer confidence
September 26th, 2014
Consumer confidence in Germany is fading, weighed down by concerns about the economic fallout from geopolitical crises, a new poll found on Friday. “In the eyes of consumers, ongoing geopolitical tensions are now also threatening to affect the economy ...
Unemployment in France falls
September 25th, 2014
The number of unemployed people in France has fallen by 0.3 per cent, month on month. This is the first such drop since October last year and comes despite a 26,000 rise in the number of unemployed persons in ...
BEPS Fallout To Be Minimal For New Zealand
September 22nd, 2014
New Zealand’s tax system is unlikely to experience significant changes resulting from the Organization for Economic Cooperation and Development’s base erosion and profit shifting work, according to professional services firm PwC. The Organization for Economic Cooperation and Development (OECD) ...
Shares rise on ‘No’ vote as pound rally fades
September 19th, 2014
The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence. The pound also jumped nearly 0.8% to $1.6525 against the US dollar, before falling back slightly. ...
FRC updates UK Corporate Governance Code
September 18th, 2014
FRC has issued an updated version of the UK Corporate Governance Code (the Code). This significantly enhances the quality of information investors receive about the long-term health and strategy of listed companies, and raises the bar for risk management. ...
Foreign Investment in China Hits Lowest Point Since 2012
September 16th, 2014
China’s foreign direct investment in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world’s second-biggest economy. China attracted $7.2 billion in foreign direct investment in August, the Commerce ...
Oil hits new 26 month low on China concerns
September 16th, 2014
The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia. Brent crude, the global oil benchmark, saw ...
Carney Steering BOE in Scots Vote as Quebec Casts Shadow
September 15th, 2014
Mark Carney’s history is catching up with him. Having watched Quebec’s attempt to break away from his native Canada in 1995 while working at Goldman Sachs Group Inc. Scots go to the polls in three days, and with the ...
China and India’s growing strategic weight
September 15th, 2014
The visit of Chinese President Xi Jinping to India this week, so early in the term of India’s new prime minister, Narendra Modi, underlines the growing strategic weight of the relationship between the two countries. Modi’s prime ministership, with ...
