Search Results for: BNP Paribas
EU leans on big banks to finance bailout fund
October 22nd, 2014
France’s banks will foot the biggest bill for Europe’s banking union, paying up to €2bn more than Germany’s lenders towards a new €55bn bank rescue fund, according to a Brussels proposal. The European Commission on Tuesday unveiled its plans ...
Agile’s Chairman placed under custody
October 13th, 2014
Agile Property Holdings Ltd. tumbled the most on record after its billionaire founder and chairman Chen Zhuolin was placed under the control of Chinese prosecutors and amid reports it assisted in money laundering in legal news. The stock plunged ...
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 ...
Fed Presidents Call for Patience on Interest Rates
September 25th, 2014
Three Federal Reserve presidents are calling for patience as the central bank weighs when to raise interest rates above zero, arguing moving prematurely poses a greater risk to the economy than waiting too long. “We should be exceptionally patient ...
Bank of England Resists Change to Interest Rate
September 4th, 2014
To raise or not to raise, that is the question — in Britain, at least. On Thursday, nearly a month after two monetary policy makers at the Bank of England broke ranks from the majority and voted to raise ...
Poroshenko Flummoxes Investors With About-Face on Truce
September 4th, 2014
Ukraine’s leader sent financial markets into turbulence as he backtracked on talk of an end to five months of violence in his nation’s east. President Petro Poroshenko announced yesterday that he’d hammered out a deal with Vladimir Putin to ...
Commerzbank near to settling U.S. sanctions probes
September 4th, 2014
German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The bank is expected to pay about $650 million to resolve ...
Pound Bulls Face Day of Reckoning as BOE Inflation Report Looms
August 12th, 2014
This week’s economic forecasts from the Bank of England are shaping up to be decisive for the remaining sterling bulls. The pound strengthened against the euro today as investors prepared for clues from projections due in the central bank’s ...
Asia shares extend bounce, oil pinned near lows
August 12th, 2014
Asian shares nudged higher on Tuesday, tracking rallies in the United States and Europe as investors seemed to put aside geopolitical concerns, at least for the moment. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.3 percent ...
Pound Slides to Eight Week Low – Data Disappoint
August 7th, 2014
The pound slid to an eight week versus the dollar on concern the U.K.’s economy is falling short of analysts’ expectations. Sterling weakened against all but two of its 16 major counterparts as data showed Britain’s shop prices dropped ...
