Search Results for: EBA
Big Banks, Serious Trouble
October 12th, 2015
It turns out that the world of ZIRP/NIRP isn’t the banking paradise that some thought it would be. See Why The Big Banks Want Higher Interest Rates. Whether the problem is with low interest rates themselves or the fact ...
Oil Extends Gains Near $50 a Barrel as OPEC Sees Demand Growth
October 12th, 2015
Non-OPEC crude oil supply due to contract, OPEC chief says Global prices have bottomed, signs of 2016 recovery: Qatar Oil extended gains near $50 a barrel amid speculation an increase in demand will ease a global glut. Futures rose ...
Facebook paid £4,327 corporation tax despite £35m staff bonuses
October 12th, 2015
Social networking firm paid average of £210,000 to staff in Britain, but overall loss in UK of £28.5m meant very little corporation tax was due Staff at Facebook’s UK arm took home an average of more than £210,000 last ...
China and the dollar
October 9th, 2015
With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy. China executed a financial move that appeared to undermine its own position but instead created trouble for the US; ...
$50 Oil: So Close, Yet Oh So Far
October 8th, 2015
U.S. futures slip below $48, as inventories increase more than expected Oil prices pulled back from a one-month high on Wednesday, as yet another rally fizzled on a muddled supply outlook. Having pushed to nearly $50 a barrel in ...
IMF: Uncertainty, Complex Forces Weigh on Global Growth
October 7th, 2015
Global growth moderate and uneven, forecast at 3.1 percent this year, 3.6 percent in 2016 Disparate fortunes between the advanced and emerging market and developing economies Lower commodity prices weigh on commodity exporters The IMF’s latest World Economic Outlook (WEO) foresees ...
Wake Up to U.K. Exit Risks, Banks Tell Investors as Polls Shift
October 6th, 2015
Societe Generale sees risk of U.K. leaving EU as high as 45% Europe threatens to overshadow Conservative Party conference Investors are being urged to tune into the looming political battle over the U.K.’s membership of the European Union amid signs ...
In defeat for UBS, Connecticut top court finds broad whistleblower rights
October 6th, 2015
Ex-UBS executive says was fired for complaints State law offers broader protection than US Constitution Connecticut’s highest court made it easier for private sector workers to bring whistleblower claims against their employers without fear of retaliation, ruling in a ...
Euro Area Urges Tsipras to Meet Bailout Pledges Without Delay
October 6th, 2015
Funds for recapitalization tied to country meeting conditions Finance ministers tell Tsipras not to ease up on reforms Greece shouldn’t expect the euro area to relax bailout requirements to meet next month’s deadline for unlocking money to recapitalize its ...
From Volkswagen to China: What Might Derail Germany’s Growth
October 5th, 2015
German economy seen expanding 1.9% in 2015 and 2% in 2016 Focus on domestic demand amid vulnerable export outlook Europe’s economic powerhouse is facing a test of might. Germany’s trademark industrial prowess has been called into question by Volkswagen AG’s ...
