Search Results for: EC
U.S. regulators step up warnings to banks for poor risk-spotting
August 21st, 2014
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms’ poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with ...
Why Bitcoin won’t be the money of the future – but cryptocurrencies might be
August 21st, 2014
Proponents of Bitcoin like to suggest that it will be the money of the future. Critics point to its price volatility, evidence of a Bitcoin bubble and other problems. With the price of Bitcoin having just fallen below $500 ...
Samsung Told by Tax Man to Use Apple-Topping Cash: Korea Markets
August 21st, 2014
Samsung Electronics Co. is sitting on a cash pile 58% bigger than Apple Inc. (AAPL)’s war chest. The tax man has a message for South Korea’s biggest company: “Use it or lose it.” The government of President Park Geun ...
Asian Stocks Fall After HSBC China Manufacturing Drops
August 21st, 2014
Asian stocks outside Japan fell for the first time in nine days after a private gauge of Chinese manufacturing dropped more than economists forecast. The MSCI Asia Pacific excluding Japan Index slid 0.8 percent to 509.13 as of 2:23 ...
Macy’s settles racial profiling allegations from shoppers
August 21st, 2014
Macy’s is to pay $650,000 (£390,000) to settle claims it racially profiled and detained ethnic minority shoppers at its flagship Manhattan shop. Under a deal with New York’s attorney-general Macy’s agreed to a series of changes at its 42 ...
Bond Traders React to Fed Minutes
August 21st, 2014
U.S. Treasury prices hit session lows on Wednesday after the minutes from the Federal Reserve’s latest policy meeting showed the central bank was surprised at the quick progress in the labor market. Benchmark 10-year Treasury notes lost 10/32 in ...
ASIC publishes supervision report
August 21st, 2014
The Australian regulator in its effort to enforce regulation has published its eighth report on market supervision to inform firms on compliance procedures. ASIC has published its eighth report on the supervision and surveillance of Australian financial markets and ...
Australia 200 – Surges to Six Year High around 5650
August 21st, 2014
Australia 200 for Thursday, August 21, 2014 The Australian 200 Index has finally been able to crack it and surge higher to a new six year high around 5650 in the last day after enjoying a solid move higher ...
Oil prices drop puts at risk Moscow’s Budget
August 21st, 2014
Oil and gas are at the heart of the Russian economy and are largely responsible for keeping Moscow’s government budget in balance. But the recent decline in the price of oil from the North Sea and Texas has now ...
Lloyds panel review enters final stage with one week until deadline
August 21st, 2014
Firms vying for spots on Lloyds’ own-account panel have been given a week to file tender submissions to the bank in preparation for an October panel unveiling. Current panel firms Ashurst, Berwin Leighton Paisner (BLP), Clifford Chance, Eversheds and ...
