Search Results for: EC
Lehman Brothers pension scheme payout agreed
August 19th, 2014
Members of the Lehman Brothers Pension Scheme will receive their benefits in full after a £184m settlement was reached in the six-year legal battle that followed the firm’s insolvency. The Pensions Regulator (TPR) announced today that a settlement had ...
OSC warns against unlicensed firm
August 19th, 2014
The Ontario Securities Commission (OSC) has become aware of an unlicensed firm and therefore has issued a warning against the firm to protect potential traders. OSC informs investors that the company under the name “Global Proprietary Traders Inc.”, o/a ...
Billionaire Named in Suit Against Anti-Iran Group
August 19th, 2014
A billionaire Wall Street commodities investor has been drawn into a court fight against one of the nation’s most influential anti-Iran advocacy groups. The fight stems from a defamation lawsuit by Victor Restis, a Greek businessman whom the group, ...
U.S. Stocks Up on Ukraine Talks
August 19th, 2014
U.S. stocks rose, with the Nasdaq Composite Index climbing to a 14-year high, as tensions eased over global conflicts. Dollar General Corp. rallied on merger activity. Ukrainian Foreign Minister Pavlo Klimkin met his Russian counterpart Sergei Lavrov for more ...
More gloom ahead for FX dealers in next two years
August 19th, 2014
Consultancy paints a far from rosy picture for the FX market in the years ahead as technology investment takes centre stage. Foreign exchange revenue and front-office headcount at banks will continue to decrease over the remainder of this year ...
Microsoft Cloud Service Azure Experienced Global Outage
August 19th, 2014
Microsoft Corp. (MSFT)’s Azure cloud-computing service, a critical part of Chief Executive Officer Satya Nadella’s plan to remake the software company, experienced a major global outage yesterday that lasted for around five hours. Azure, which lets businesses access computing ...
Tax Burden in U.S. Not as Heavy as It Looks, Report Says
August 19th, 2014
For years, chief executives have complained bitterly about the United States corporate tax code, arguing that it is too complicated and that rates are too high. The issue has reached a near boiling point this summer as many large ...
Singapore Dollar’s Losses to Ringgit Seen Widening: Asean Credit
August 19th, 2014
The diverging economic fortunes of two Southeast Asian neighbors are prompting PineBridge Investments to favor Malaysia’s ringgit over Singapore’s dollar. The ringgit has gained 4% to 2.53 per Singapore dollar since reaching a 16-year low of 2.63 in February, ...
StanChart faces fresh $300m US settlement
August 19th, 2014
Standard Chartered is in talks to pay up to $300m to New York’s top banking regulator to settle allegations it failed to identify suspicious transactions. New York’s Department of Financial Services could announce the settlement as soon as this ...
Gold – Eases Below $1300
August 19th, 2014
Gold for Tuesday, August 19, 2014 Over the last couple of days Gold has been easing lower back towards the $1300 level and has just slipped just below that level of the last day or so. In the last ...
