Search Results for: EU
GBP Is A Bad Apple While Dollar Is Squeezed
July 8th, 2014
Not the ideal start to a week where many expected more enthusiasms being expressed across the various asset classes, especially after last week’s stronger US employment headline print. Maybe the market is priming itself for the summer doldrums? The ...
Commerzbank Shares Fall on News of Settlement Talks
July 8th, 2014
Shares in Commerzbank fell about 3.5 percent on Tuesday following news that Germany’s second-largest lender could be the latest European institution to settle with the American authorities over suspicions that it violated sanctions. The broader German stock market was ...
China says GSK-linked trial being handled according to law
July 8th, 2014
The trial of a couple arrested last year following work they did for British drugmaker GlaxoSmithKline PLC (GSK.L) in China will be handled according to the law, China’s foreign ministry said on Tuesday, brushing off U.S. concern about the ...
Czech Government Agrees Second Reduced VAT Rate
July 8th, 2014
The Czech Government on July 2, 2014, confirmed that it intends to introduce a second reduced rate of value added tax (VAT) of ten percent. After months of indecisive debate, the new reduced rate was approved by the Cabinet, ...
Israel’s Matomy says new requirement paves way for London float
July 8th, 2014
Israeli digital advertising firm Matomy Media Group said on Monday its renewed bid to float on the London Stock Exchange (LSE) comes after the bourse made its requirements more accommodating. Matomy, which counts American Express and HSBC among its ...
Horizon Software to Launch Chinese Options Trading System
July 8th, 2014
Horizon Software, a Paris-based provider of front-end trading software, is planning the launch of an options trading system for the Chinese market, set to launch in the fourth quarter of 2014. As China is about to launch equity index ...
Bank of Communications Designated as Clearing Bank for Won-Yuan Trading
July 8th, 2014
The People’s Bank of China has appointed the Bank of Communications Ltd. as a clearing bank for the direct won-yuan trading in Korea. Chinese President Xi Jinping and his Korean counterpart President Park Geun-hye had agreed on the 3rd ...
Dollar holds steady, takes breather after rally
July 8th, 2014
The dollar held steady versus a basket of major currencies on Tuesday, having retreated from the previous day’s near-two-week high, giving the euro a chance to get over an unexpected slump in German industrial output. The dollar index was ...
Judge Denies Madoff Trustee Recovery of Foreign Transfers
July 8th, 2014
Transfers made abroad between a foreign transferor and a foreign transferee cannot be recovered by the trustee administering the estate of Bernard L. Madoff Investment Securities, a federal judge has ruled. Dealing a win to foreign banks and investment ...
Asian Stocks Lower After U.S. Lead
July 8th, 2014
Asian stock markets drifted lower Tuesday after U.S. indexes pulled back from record highs and investors awaited fresh data from China. Japan’s Nikkei 225 index tracked Wall Street’s declines, slipping 0.2 percent to 15,351.25 despite fresh data showing the ...
