Search Results for: Chinese
IG Group agreed to purchase DailyFX from FXCM
September 30th, 2016
IG Group (“IG”), a global leader in online trading, today announces that it has agreed, subject to final approvals, to purchase DailyFX, a leading global news and research portal, and its associated assets, from FXCM Inc. for a total consideration of ...
Regulators Block Sale of Bitcoin Miner Avalon
September 30th, 2016
A deal that would have seen Chinese manufacturer Shandong Luyitong purchase bitcoin mining hardware firm Canaan is no more. The deal is said to have been scuttled as a result of apprehension on the part of regulators from the Shenzhen ...
Asia markets rally after oil prices surge on OPEC production cut deal
September 29th, 2016
The overnight rally in oil prices amid reports that oil producers finally agreed to cut production levels sent Asia markets higher on Thursday. Australia’s ASX 200 was up 1 percent in afternoon trade, with the energy sector rallying 6.54 percent, while ...
Most Emerging Stocks Decline Before Oil Talks as Ringgit Weakens
September 28th, 2016
Financial and energy shares pace drop among industry groups Taiwan’s financial markets remain shut because of typhoon Most emerging-market stocks fell, led by financial and energy companies, as investors awaited a meeting of major oil producers seeking an output ...
Deutsche Bank Shares Drop on Fears of Capital Raising
September 27th, 2016
Intensifying concerns about Deutsche Bank AG’s financial health caused its shares to drop Monday and pushed the company into the awkward position of publicly denying that it had sought help from the German government. Shares of Deutsche Bank, one of the ...
The 7 most influential people in European finance
September 26th, 2016
Bloomberg released its list of the 50 most influential people in the world of finance. It is a comprehensive list of Wall Streeters, politicians, central bankers and business leaders who shape the way the global economy functions and help ...
IBM in blockchain project with China UnionPay
September 23rd, 2016
Another day, another blockchain project unveiled by a bank, technology company, or consultancy. IBM will join the fray this week by announcing a partnership with China UnionPay to let bank customers exchange bonus points in different loyalty schemes. Arguing that such ...
Asian Stocks Rally With Won, Bonds After Fed as Crude Oil Gains
September 22nd, 2016
Kiwi weakens as central bank flags more easing; won jumps Iron ore, coking coal and steel prices surge in China Asian stocks rallied With European equity index futures and bonds after central banks including the Federal Reserve indicated monetary policies ...
China Begins To Cut Tariffs For IT Products
September 21st, 2016
China reduced its trade tariffs on 201 information technology (IT) products under the expanded Information Technology Agreement on September 15. The cut to its duty rates follows through with China’s commitments within the expanded Information Technology Agreement (ITA), which ...
The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent
September 20th, 2016
The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world ...
