Search Results for: EC
Cybercriminal strikes can be small, but mighty
July 23rd, 2014
Cybercrime is a growing threat for businesses as attackers are getting more creative and skilled in their methods of stealing information. Cyberattacks on large companies such as Target, Neiman Marcus and P.F. Chang’s made headlines across the country and ...
Moody’s: Middle East investment grade companies face $91 billion in refinancing needs
July 23rd, 2014
According to Moody’s Investors Service, Middle East investment grade companies face refinancing needs of about $91 billion from bank and bond debt due to mature over the next four years. This accounts for approximately eight per cent of total ...
Apple earnings boosted by strong iPhone sales
July 23rd, 2014
Apple has reported quarterly profits of $7.75bn (£4.5bn) – up 12% on the same period last year. The company sold 35.2 million iPhones from March to June, an increase of 13% from the same time in 2013. The company ...
Microsoft sees end to Nokia losses, shares rise after hours
July 23rd, 2014
Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade. The world’s largest software company reported a 7 percent dip in quarterly profit on ...
Pace of U.S. home resales rises to eight-month high
July 22nd, 2014
U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump. The National Association of Realtors said on Tuesday existing home sales increased 2.6 percent ...
Here’s Yet Another Problem in Platinum Supply
July 22nd, 2014
It’s no secret the platinum mining industry has been suffering of late. With mineworker strikes in South Africa having caused significant losses of production. And now there’s another problem. In the world’s third-largest platinum producing nation: Zimbabwe. The news ...
PBC Signed Local Currency Swap Agreement with Swiss National Bank
July 22nd, 2014
With the approval of the State Council, the People’s Bank of China signed on July 21, 2014, an agreement on bilateral local currency swap with the Swiss National Bank for the purpose of providing liquidity support for the bilateral ...
Saudi Arabian stock market to open to foreign investors
July 22nd, 2014
Saudi Arabia’s stock market will open up to foreign investors for the first time, the country has announced. The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index in early ...
JPMorgan begins to provide consumer help under $13 billion settlement
July 22nd, 2014
JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year’s $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a ...
The Real Reason Banks Don’t Like Bitcoin
July 22nd, 2014
Banks are reluctant to work with bitcoin, that fact has been well known in the community for some time. Until now, though, few concrete reasons have been given as to why. New statements from a senior banking practitioner in ...
