Search Results for: Asia
EY announces participation at the World Congress of Accountants
November 11th, 2014
EY marks the 2014 World Congress of Accountants (WCOA) in Rome on 10-14 November 2014 by reinforcing its long-standing commitment to the audit profession and its importance. The 2014 Congress takes place at a time of great change, challenge ...
London pre-open: Little change expected on FTSE ahead of opening bell
November 11th, 2014
UK stocks are expected to kick-off Tuesday’s session with limited gains as investors await direction ahead of what is expected to be another fairly quiet session beyond corporate news. City sources predict the FTSE 100 will open around five ...
Stocks: Dow, S&P 500 close at record highs
November 11th, 2014
Wall Street continued to march further into record territory Monday as the Dow and S&P 500 closed at record highs again. Investors have been pushing stocks higher on signs the U.S. economy continues to improve and as corporate earnings come ...
Putin seeks to reassure world amid ‘perfect storm’
November 11th, 2014
The Russian ruble strengthened against the dollar on Monday after President Vladimir Putin said there were no “fundamental economic reasons” for the currency’s slide, but analysts –and the country’s central bank — beg to differ. Speaking at an Asia ...
US-China press forward on expanding high-tech trade agreement
November 11th, 2014
President Obama said Monday night that the U.S. and China are nearing a final agreement on expanding a major technology pact. Obama said that the world’s two largest economies would work toward including a broader scope of goods covered ...
No Longer Business as Usual in China
November 10th, 2014
With heads of state and corporate chieftains in Beijing for a major economic summit meeting this week, China’s increasing economic nationalism is expected to be heavily debated. China is changing the rule book for business, forcing multinational companies to ...
SGX sets up board of inquiry to probe power outage
November 10th, 2014
A board of inquiry has been set up by the Singapore Exchange (SGX) to investigate the power outage which caused a halt in the trading of securities and derivatives for more than three hours on Wednesday afternoon (Nov 5). Deputy ...
Chinese, Canadian central banks agree to 200 bln yuan currency swap
November 10th, 2014
The central banks of China and Canada have agreed to a currency swap worth 200 billion yuan ($32.67 billion) or C$30 billion, according to a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday. The swap will ...
Yuan Bears Say Record Dollar Debt to Fuel Decline: China Credit
November 7th, 2014
Yuan bears have added Chinese companies’ record dollar borrowings to the list of reasons why the currency may weaken. Chinese firms raised $196 billion from loans and bonds this year, 11 times more than the $17.7 billion of 2008, ...
Singapore Returns Up to $9 Billion to Banks in Rate Probe
November 7th, 2014
Singapore’s central bank gave back as much as S$12 billion ($9.3 billion) that it took from 19 lenders last year as a penalty for trying to manipulate benchmark interest rates. The banks have taken steps to prevent a recurrence ...
