Search Results for: ELA
Canada seeks to become Renminbi (RMB) trading centre for the Americas
September 2nd, 2014
The Toronto Financial Services Alliance (TFSA) and AdvantageBC has announced they would work together, with officials from the federal, Ontario and BC governments, and the financial industry, to promote Canada as a trading hub for the Chinese currency, the ...
Second Alibaba IPO in Rally
September 2nd, 2014
Jack Ma knows how to time an initial public offering. The 49-year-old former school teacher preparing to list Alibaba Group Holding Ltd. during a record rally for U.S. stocks did the same thing seven years ago, when Alibaba.com Ltd. ...
Australia 200 – Continues to Move Little Above 5600
September 2nd, 2014
Australia 200 for Tuesday, September 2, 2014 The Australian 200 Index has spent the last week consolidating and trading in a very narrow range right around 5620 after enjoying a strong surge higher to a new six year high ...
Merkel unhappy with Draghi’s apparent new fiscal focus
September 1st, 2014
A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe. Draghi ...
Private equity groups make $500m UK North Sea oil investment
September 1st, 2014
Buyout groups Blackstone and Blue Water Energy are providing $500m to Siccar Point Energy, a new UK-focused oil company, in one of the largest ever private equity investments in North Sea oil. The move highlights the continuing international appeal ...
German business attacks ‘complacent’ Berlin
September 1st, 2014
Germany has become “overconfident” and “complacent”, with the government pursuing policies that put the country’s hard-won competitiveness at risk, some of Germany’s top business leaders warn. Their criticisms of chancellor Angela Merkel’s government come as Europe’s largest economy is ...
Abenomics, European Style
September 1st, 2014
Two years ago, Shinzo Abe’s election as Japan’s prime minister led to the advent of “Abenomics,” a three-part plan to rescue the economy from a treadmill of stagnation and deflation. Abenomics’ three components – or “arrows” – comprise massive ...
China gives Microsoft 20 days to provide explanation in anti-trust probe
September 1st, 2014
A Chinese anti-trust regulator said on Monday it has given Microsoft Corp (MSFT.O) 20 days to reply to queries on the compatability of its Windows operating system and Office software suite amid a probe into the world’s largest software ...
ASIC charges Goldman Sachs Australia Pty Ltd with $35,000 penalty
September 1st, 2014
The Australian Securities and Investments Commisions (ASIC) has charged Goldman Sachs Australia Pty Ltd (Goldman Sachs) with a penalty of $35,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was ...
CBO Reduces US Corporate Tax Revenue Forecast
September 1st, 2014
In its latest estimates, the Congressional Budget Office (CBO) has maintained its forecast for a reduced United States federal budget deficit this year, but has had to increase it from the forecast made in April, mostly because of lower-than-anticipated ...
