Search Results for: Banks
MetaQuotes Software obtains representative in South Africa
October 16th, 2014
MetaQuotes Software announced its further expansion with Derivative System Technologies act as its agent in South Africa. Recently, MetaQuotes Software has also introduced MetaFintech as its new representative office in the UAE. The new representative office will be responsible for the promotion of ...
China Credit Growth Climbs as Targeted Easing Kicks In
October 16th, 2014
China’s broadest measure of new credit rose to a three-month high in September as the central bank’s targeted measures to boost liquidity helped spur lending. Aggregate financing was 1.05 trillion yuan ($171 billion), the People’s Bank of China said ...
Steep Sell-Off Spreads Fear to Wall Street
October 16th, 2014
Dizzied by the turmoil, Wall Street experts agreed on one thing: The jarring day showed that fear had finally returned to markets that had become disconcertingly complacent. Waves of nervous selling buffeted the stock market in the United States ...
Central bankers may have no quick fix as markets swoon, economy weakens
October 16th, 2014
Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. Stocks slumped again on Wednesday pushing ...
The Rise and Fall of the Cypriot Economy (Part 1)
October 16th, 2014
Part 1 – Blue Skies, Growth & Wealth Development The Cypriot economy has had its fair share of ups and downs over the past 60 years since the island gained independence from the United Kingdom. The purpose of this ...
Australia 200 – Bounces Strongly Off Support at 5100
October 15th, 2014
Australia 200 for Wednesday, October 15, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
French bank turns to Twitter for money transfers
October 14th, 2014
One of France’s largest banks,Groupe BPCE, launched a service on Tuesday to allow its customers to transfer money to other people via tweets on social network Twitter Inc. (TWTR.N). Groupe BPCE , France’s second largest bank by customers, is an ...
FATCA and the real cost of compliance
October 14th, 2014
Foreign account tax Compliance Act (FATCA) was introduced by the US government in the year 2010. The main focus of FATCA act is to reduce tax evasion by foreign finance institutions through offshore Accounts and shell companies. Apart from ...
G20 watchdog toughens up new rule for securities financing
October 14th, 2014
Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in “shadow banking”. Securities financing are typically short-term money-raising transactions between banks ...
Deutsche Bank Legal on Potential Report of Legal Costs
October 13th, 2014
Deutsche Bank AG (DBK) fell in Frankfurt trading on a report that the company may have to boost provisions for legal costs by 30 percent. The shares declined as much as 1.4 percent to the lowest in more than ...
