Search Results for: Bank of China
Asia markets surge; Nikkei climbs to close 5.88% higher
January 22nd, 2016
Major Asian markets surged Friday, tracking the rally in European and U.S. equities overnight, getting a boost from a slight uptick in oil prices and comments from the European Central Bank (ECB). In Japan, the Nikkei jumped by 941.27 points, or 5.88 percent, ...
Saudi Arabia Said to Ban Betting Against Its Currency
January 21st, 2016
Central bank said to give directive at Jan. 18 Riyadh meeting Riyal forwards jump to highest in at least 2 decades in Jan. Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to ...
Barclays to Close Several Businesses in Asia, Cut Around 1,000 Jobs
January 21st, 2016
The U.K. bank will shut regional cash equities operations, fully exit from Brazil, Russia, Taiwan and South Korea Barclays PLC Thursday said it would refocus its investment bank in the U.K. and the U.S., cutting around 1,000 jobs, mainly across ...
Goldman Sachs:2015 Annual and Fourth Quarter Results
January 21st, 2016
Bank’s trading revenue drops 9%, while investment banking is a bright spot Goldman Sachs Group Inc. predicted that this month’s stock-market swoon wouldn’t derail a merger boom that proved one of the bright spots in a lackluster quarter for the Wall ...
FTSE 100 index plunges into ‘bear market’ territory as oil price rout wipes another £52bn off top-flight share values
January 21st, 2016
Footsie plunged 203 points or 3.5% to close at 5,673 That means £52bn has been wiped off blue-chip share values today Now more than 20% below April 2015’s 7,103 high – firmly a bear market Panic over oil price after ...
Davos 2016: eight key themes for the World Economic Forum
January 19th, 2016
Political and business leaders gather at Swiss ski resort to discuss issues including robots, terrorism, migration and inequality The world’s political and business leaders, plus the usual smattering of celebrities – including Leonardo DiCaprio – are heading to Davos, ...
U.K. Markets Pounded and ‘Brexit’ Vote Doesn’t Even Have a Date
January 18th, 2016
Pound, stocks decline as risks to U.K. economy stack up Turmoil is hurting outlook for Bank of England rate increase Wherever you look, Britain’s financial markets are creaking. The pound is at the weakest level since 2010 against the ...
Iran Nuclear Deal Stokes Anxiety Among Its Rivals
January 18th, 2016
Foes worry about how Tehran will use billions of dollars of unfrozen oil receipts Iran celebrated the removal of economic sanctions on Sunday, even as regional rivals warned that it was still out to destabilize the Middle East and ...
The Top 10 (or 11) Bitcoin-Friendly Cities
January 18th, 2016
Looking to spend bitcoin on your travels? Your chances are much greater in the US. Seven of the top 11 cities with the most merchants that accept bitcoin are in the U.S., based on information from coinmap.org. San Francisco/San ...
Key findings of CBI/PwC survey of 100 financial services firms
January 18th, 2016
Profitability remains strong as Financial Services firms focus on costs, says CBI/PwC poll Overseas level of business below normal, quarterly survey finds Growth in business volumes picked up more strongly than expected in the three months to December ...
