Search Results for: Bank of America
The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy
August 2nd, 2016
This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, ...
Oil Retreat Sinks Asian Stocks; Aussie Declines After RBA Cut
August 2nd, 2016
Crude oil hovers at $40 a barrel after entering bear market Japanese government to give details of fiscal stimulus Tuesday European stocks declined for a second day and dollar weakened as oil traded near $40 a barrel. Japanese 10-year ...
Brexit post-mortem
July 29th, 2016
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing ...
Yen Jumps on BOJ Decision as Japanese Bonds Sink; Gold Climbs
July 29th, 2016
Kuroda expands ETF purchase target, leaving policy rate steady BOJ release will be followed by Europe stress tests, U.S. GDP The Bank of Japan’s most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the yen ...
Europe eyes higher open ahead of Fed decision
July 27th, 2016
European stocks are expected to open higher on Wednesday ahead of the latest monetary policy decision from the U.S. Federal Reserve. The London FTSE index is expected to open 14 points higher at 6,738, the German DAX up 62 points at 10,310 and ...
FTSE 100: Losers of 2015 are Winners of 2016
July 26th, 2016
Mining stocks rose from the bottom to the top in 2016; becoming the biggest FTSE 100 winners of 2016, reversing their losing streak of 2015. Falling commodity prices dragged down mining stocks in 2015, and it is the oil price ...
King & Spalding advised Henkel on a $3.6 billion acquisition financing
July 26th, 2016
King & Spalding advised Henkel – a leading Germany-based manufacturer of home care, beauty and adhesive products – on the $3.6 billion acquisition financing for its purchase of US detergent and household products business Sun Products Corporation. Henkel purchased ...
Global Brokers See 109 Million Reasons to Ramp Up in China
July 25th, 2016
Interative Brokers and Saxo among firms laying groundwork QDII2 program to be rolled out at ‘appropriate time’: PBOC Online brokerages from around the world are gearing up for what could be China’s biggest step yet to unleash the nation’s ...
UnionPay takes top spot from Visa in $22 trillion global cards market
July 25th, 2016
Having been the largest scheme worldwide for card numbers since 2010, UnionPay overtook Visa to also become the largest by value of card payments in 2015 Payment cards worldwide increase by 8% to reach 13 billion in 2015 New ...
Precious Metals Slide on Stronger Dollar Before Fed as Yen Drops
July 25th, 2016
Ringgit falls sixth day to lead Asian currency declines Turkish stocks climb after steepest weekly drop since 2008 The dollar’s strength weighed on precious metals as investors looked toward central bank meetings this week in the U.S. and Japan. European ...
