Search Results for: Bill Gross
Credit Suisse announces 1Q16 results
May 11th, 2016
Significant cost savings across the bank, and profitable growth and net asset inflows in APAC, IWM and Swiss UB. Stable capital position at 11.4% Highlights 1Q16 financial performance Group reported pre-tax loss of CHF 484 million (adjusted*: CHF 173 ...
China Stops Trying To Fool The World; World Is Sorry
May 10th, 2016
Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending it on commodities, boosting the prices of iron ore, oil, copper, etc., and giving the global economy a patina ...
Lifting sanctions on Iran opens up business opportunities
May 9th, 2016
Economic sanctions have cost Iran an estimated $120 billion (€105 billion) since 2012, primarily in lost oil and gas revenues. That equates to about 30 per cent of the economy of the second-largest country in the Middle East after ...
Asian Stocks Fall With Won on Global Growth Woes; Oil Below $44
May 4th, 2016
Dollar gains after Fed officials say June rate hike possible Industrial metals retreat as sovereign bonds advance Asian stocks fell for a sixth day, their longest losing streak since February, as anxiety over the health of the global economy ...
What Apple’s first revenue decline in 13 years means for the stock market
April 27th, 2016
Apple Inc.’s disappointing corporate results late Tuesday may be a bad omen for a skittish market fretting about the health of the U.S. and global economy. Apple AAPL, -0.69% CEO Tim Cook pinned some of the blame for the Cupertino, Calif.-based company’s ...
Asian Stocks Slip Before Fed, BOJ as Yen Rises; Ringgit Slides
April 26th, 2016
Copper drops as oil resumes gains; U.S. Treasuries advance Malaysia’s currency slumps as state fund misses bond payment Asian equities fell for a third day and copper dropped to a one-week low as investors shunned riskier assets ahead of ...
Bank of Israel keeps the interest rate for May 2016 unchanged at 0.1 percent
April 25th, 2016
Inflation data: The Consumer Price Index for March declined by 0.2 percent, a slightly greater decline than the average of forecasters’ predictions for a decline of 0.1 percent. There was a seasonal price decline of 3.9 percent in the fruit ...
China’s biggest tax reform for 20 years set to buoy growth
April 22nd, 2016
China’s biggest tax overhaul in more than two decades starts on May 1, with changes set to reduce the burden on services companies and encourage factories to upgrade and innovate. Under the new system, taxes in the construction, property, finance and ...
Oil crisis? Here is how Saudi Arabia plans to shake up its economy
April 14th, 2016
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. In late February, several hundred Saudi officials, company ...
China Foreign-Exchange Reserves Rise for First Time in Five Months
April 8th, 2016
Increase comes as the yuan has staged a recovery in recent weeks China’s foreign-currency reserves rose during March, the first increase in five months, a sign Beijing may have partially succeeded in stemming heavy capital outflows that destabilized global ...
