Search Results for: EBA
China Begins G-20 Leadership With Ideas to Reduce Dollar’s Role
December 7th, 2015
South Korea, France to lead working group exploring SDR use China exploring ways to make system more resilient to shocks As China takes the reins of the Group of 20 for the coming year, the first indications are emerging ...
ESAs seek stakeholder input on automation in financial advice
December 4th, 2015
The Joint Committee of the three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – has launched a Discussion Paper on automation in financial advice, aimed at assessing what, if any, action is required to harness the potential ...
Robot financial advisers to march on the UAE
December 4th, 2015
When the Dubai resident Lewis Brown and his wife Penelope wanted financial planning advice, they took what for many is a natural step – they spoke to a financial adviser. The adviser, Will Carling of AES International, spent several ...
Chinese stocks rally on rumored mortgage tax break
December 2nd, 2015
Chinese markets rallied Wednesday afternoon on speculation of an upcoming incentive to be announced by Beijing to boost the country’s lagging property market. Elsewhere, other Asian equities ended lower on Wednesday as sentiment remained shaky in the region, with ...
The truth about GDP
December 1st, 2015
“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime Minister in 1817. Unfortunately, his wisdom is ignored completely by mainstream economists. Nowhere is this ...
Brazil sues BHP, Vale for $5 billion in damages for mine disaster
December 1st, 2015
Brazil filed a lawsuit on Monday against two of the world’s largest mining companies for 20 billion Brazilian reais ($5.2 billion/3.4 billion pounds) to clean up what it says was its worst environmental disaster, caused by the collapse of a ...
Real Estate Investment Trust (REIT)
November 30th, 2015
In the aftermath of the Cyprus economic crisis, one sector that has been suffering for some time now is the real estate and construction industry. One could argue though that a major reason for the crisis is the overexpansion ...
OPEC Seen Holding the Line as $40 Crude Looms Over Vienna
November 24th, 2015
All 30 analysts surveyed see OPEC policy unchanged on Dec. 4 Saudi strategy taking effect even as other members protest It’ll take more than $40 crude to make OPEC change its mind, analysts said before the group’s Dec. 4 ...
U.S. oil plunges more than 2 percent on supply glut woes
November 23rd, 2015
Crude futures lost ground in early Asian trading on Monday, with U.S. oil plunging over 2 percent on festering worries over a global supply surplus. U.S. crude’s West Texas Intermediate (WTI) January contract CLc1 had dropped 78 cents, or ...
Is Anybody Okay Out There?
November 20th, 2015
In normal times, the world’s major economies are a mixed bag. Some are up, some are down, some are placid, some are in crisis. It’s only at the boom/bust extremes that everyone finds themselves in more-or-less the same boat. ...
