Search Results for: EC
Dollar Holds Longest Yen Gains After U.S. GDP
July 31st, 2014
The dollar headed for its biggest monthly gain versus the euro since February last year as signs the U.S. economy is strengthening spurred traders to boost predictions for higher Federal Reserve rates. The U.S. currency has risen versus all ...
Australia 200 – Surges Through 5600 to New High
July 31st, 2014
Australia 200 for Thursday, July 31, 2014 The Australia 200 Index is presently on quite a roll as it has enjoyed a solid three week period which has seen it move strongly up through both the 5500 and 5550 ...
Banco Espírito Santo reports a loss of €3.6 Billion
July 31st, 2014
Banco Espírito Santo on Wednesday reported a first-half loss of €3.58 billion (or $4.8 billion), the largest ever for a Portuguese institution, wiping out the bank’s €2.1 billion capital cushion and forcing it to raise new funding. The loss ...
New York Governor involved in BNP deal to get $1 billion more for NY state fund
July 31st, 2014
Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger ...
Russians worry over the growing sanctions from the West
July 31st, 2014
Russia confronts the biggest sanctions from the West since the Ukrainian crisis erupted and has therefore adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance of self-reliance and a new poll released Tuesday indicating a ...
Argentina’s credit rating follows further cuts
July 31st, 2014
Standard & Poor’s on Wednesday cut its credit rating on Argentina’s foreign-currency sovereign debt to “selective default” even as talks between officials from Latin America’s No. 3 economy and a group of holdout creditors continued in New York. S&P ...
FMA and SFO sign MOU to improve agency cooperation
July 30th, 2014
The Financial Markets Authority, has announced a cooperation with the Serious Fraud Office iby signing a Memorandum of Understanding. In this way, both regulators continue their efficient action against unauthorised firms. Police Minister Anne Tolley and Commerce Minister Craig ...
NHS accountant jailed over £2m fraud
July 30th, 2014
The former head of financial accounting at two NHS trusts has been jailed for stealing £2.2m of NHS funds, which he used to buy a portfolio 11 properties in Sussex and London. Trevor Barry Cosson (38) defrauded the cash ...
USD/JPY – Dollar Hits Six-Week Highs on Weak Japanese Data
July 30th, 2014
USD/JPY continues to post gains on Wednesday, as the pair has climbed to the low-102 range. The yen has been struggling, and has surrendered about 100 points in just over a week. On the release front, it’s a busy ...
Institutional Liquidity LLC to pay $225,000 fine
July 30th, 2014
National Futures Association (NFA) has ordered Institutional Liquidity LLC (ILQ), a forex dealer Member of NFA located in Grand Rapids, Michigan, and three of the firm’s principals and registered associated persons — Mark D. Krier (Krier), James D. Pieron ...
