Search Results for: Citi
Barclays among 10 banks fined for abusing research to win deals
December 12th, 2014
TEN GLOBAL banks were fined a total of $43.5m (£27.7m) by US regulator Financial Industry Regulatory Authority (FINRA) yesterday for their attempts to misuse analysts’ research to gain lucrative jobs on Toys R Us’ attempted stock market flotation in 2010. Analysts’ research ...
Wal-Mart used questionable accounting, sales practices in China: report
December 11th, 2014
Wal-Mart Stores Inc.’s WMT, -0.69% retail business in China has been made to look better than it is, due to “questionable accounting and unauthorized sales practices,” Bloomberg News said in a report that published Wednesday. Citing internal documents and ...
Yen Drops First Time in Four Days Before Elections as Won Gains
December 11th, 2014
The yen fell for the first time in four days on speculation Prime Minister Shinzo Abe’s Liberal Democratic Party will win an election this weekend and extend measures that have weakened the currency. The yen dropped versus all of its 16 ...
Proposal To Form China’s First Bitcoin Advocacy Group To Test Government Attitude
December 10th, 2014
Established in 2012, the Bitcoin Foundation has quite a few titles – It is a “top trade organization”, an “unofficial organisation to represent the interests of Bitcoin”, a Bitcoin “lobbying group” and “one of the world’s leading advocacy groups ...
Yen Advances on Haven Demand Amid Global Plunge in Equities
December 9th, 2014
The yen gained the most in two months against the dollar as a plunge in global stocks revived demand for Japan’s currency as a haven. The yen rose versus all but one of its 16 major peers as the ...
SEC Sanctions Operator of Bitcoin-Related Stock Exchange for Registration Violations
December 9th, 2014
The Securities and Exchange Commission today sanctioned a computer programmer for operating two online venues that traded securities using virtual currencies Bitcoin or Litecoin without registering the venues as broker-dealers or stock exchanges. The programmer, Ethan Burnside, also was ...
SNB Threatening Negative Rate Awaits Draghi’s Next Move
December 9th, 2014
Swiss National Bank officials have their eyes on one man: Mario Draghi. The prospect of the European Central Bank intensifying stimulus by purchasing government bonds has weakened the euro, pushing the franc to within 0.2 percent of the SNB’s ...
Why Bitcoin Remittance Services Should Leave the ‘Bitcoin’ Part Out
December 8th, 2014
The sister cities of Hong Kong and Macau currently house more than 200,000 migrant Filipinos between them. The breakdown is fairly homogenous in terms of occupation: the largest group consists of 160,000 Filipinas working on Foreign Domestic Helper visas ...
Shanghai Composite Index Breaks 3,000 for First Time Since 2011
December 8th, 2014
China’s Shanghai Composite Index surpassed 3,000 for the first time since 2011 and a gauge of the nation’s biggest companies headed for a record winning streak on optimism shares will extend their world-beating rally. Citic Securities Co. and Haitong Securities Co., ...
Dollar Gauge at Five-Year High as Kiwi, Aussie Decline on China
December 8th, 2014
A gauge of the dollar headed for its highest close in more than five years after China said imports unexpectedly fell in November, underpinning demand for the currency of the U.S. where growth is beating forecasts. The dollar rose ...
