Search Results for: China Market
Chinese shares fall another 8% despite more measures
July 8th, 2015
Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China’s regulators to try and stabilise the recently volatile market. The Shanghai Composite had recovered some losses by ...
Top Stories of the day July 07
July 7th, 2015
1. Rift Emerges as Europe Gears Up for New Talks on Greece Bailout. If a deal is not struck soon, Greece will probably default on a batch of international debts this month and face even more trouble paying civil ...
Noble Group Sets Review Panel to Check Accounting; PwC Hired
July 7th, 2015
Noble Group Ltd. appointed PricewaterhouseCoopers LLP to review how it values some of its assets after criticism of the Asian trading company’s accounting practices. PwC will “conduct an assurance review of Noble’s mark-to-market models, valuations, and governance framework,” Noble ...
TEB Launches Digital Bank CEPTETEB
July 7th, 2015
In order to provide ever more simple experiment and in tune with the needs of its customers, TEB launches CEPTETEB. This new digital bank offers services such as peer 2 peer money transfers and withdrawals without a credit card machine, among others. CEPTETEB ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
July 7th, 2015
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This ...
Greece Votes NO – Let The Chaos Begin…
July 6th, 2015
The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe. With almost all of the votes counted, it is being reported that approximately ...
Greece No vote: Oil prices tumble
July 6th, 2015
Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. The result of the ...
PayPal to Acquire Xoom
July 2nd, 2015
Entry into $600 Billion International Money Transfer Market with Leading Technology Solution Expands Services for PayPal’s Customers and Accelerates Time-to-Market in Key International Markets PayPal, Inc. and Xoom Corporation (NASDAQ:XOOM), a digital money transfer provider, today announced a definitive ...
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
July 1st, 2015
Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has ...
Asian Shares Hold Steady After Greece Defaults
July 1st, 2015
China shares take a break from choppy trading; investors calm as Greece’s default comes as little surprise China’s markets were roughly flat Wednesday as investors took stock of a choppy period of trading over the past two weeks that ...
