Search Results for: EC
Spanish banks face tough rivalry in small companies bet
April 22nd, 2014
Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. After gorging on property lending in the run-up to a financial crisis, banks are looking to revive high-margin ...
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 22nd, 2014
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that their economists predicted have yet to materialize, JPMorgan Chase & Co. (JPM), Citigroup ...
Americans still don’t trust the stock market
April 22nd, 2014
More than five years after the financial crisis, the average American is still wary of the stock market, according to a survey released Monday. The survey of over 1,000 households by Bankrate.com showed that 73% are “not more inclined ...
Japan exports growth slows sharply, keeps pressure on BOJ to act
April 22nd, 2014
Japan suffered its worst annual trade deficit in March as exports growth slowed to its weakest in a year, suggesting a rapid loss of economic momentum that may prompt policy makers into early action as a national sales tax ...
GBP/USD – Settles Around Key Level of 1.68
April 22nd, 2014
The last few days has seen the GBP/USD slowly edge back towards the key 1.68 level after moving to a multi-year high near 1.6850 within the last week. The last month has seen a steady climb higher from a ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
FRC to expose companies that fail to report accurate information
April 17th, 2014
Companies will be forced to admit to FRC inquiries, under reporting watchdog proposals Companies will be forced to admit when they have investigated by the FRC’s conduct committee for failing to provide accurate information in accounts or reports, under ...
Co-op Legal Services posts £22m loss for 2013
April 17th, 2014
Co-operative Legal Services lost £9.1m on a flat turnover of £33m in 2013, the Co-operative Group’s results reveal today. The legal subsidiary also said it had taken a £13m ‘goodwill impairment’ following a reassessment of its business plan which ...
A star abroad, India central bank boss riles bond traders at home
April 17th, 2014
Since taking the helm of India’s central bank, Raghuram Rajan’s agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return. ...
EUR/AUD Daily Outlook
April 17th, 2014
Intraday bias in EUR/AUD remains neutral as consolidations from 1.4652 continues. As long as 1.4964 resistance holds, near term outlook stays bearish and deeper decline is still expected. Below 1.4652 will target 161.8% projection of 1.5831 to 1.4987 from ...
