Search Results for: EU
Goldman Sachs Brings Forward Rate Forecast as Treasuries Drop
July 7th, 2014
Goldman Sachs Group Inc. brought forward its forecast for the Federal Reserve to raise interest rates after U.S. employers added more jobs than forecast, sending five-year Treasuries lower for a fourth day. The Fed will increase its benchmark in ...
WiFi provider Gowex goes bankrupt and admits falsifying accounts
July 7th, 2014
One of the brightest stars of the Madrid stock market came crashing down to earth on Sunday, after WiFi provider Gowex was forced to declare bankruptcy and admit that its chief executive and founder had falsified the company’s accounts ...
Top investor Neil Woodford buys into AstraZeneca
July 7th, 2014
Britain’s highest-profile fund manager, Neil Woodford, has begun building a stake in AstraZeneca in a move that could scupper rival Pfizer’s chances of buying the pharmaceutical giant later this year. AstraZeneca rejected a £69bn bid from the maker of ...
US now world’s biggest oil producer
July 7th, 2014
The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America said. US production of crude oil, along ...
Australia Announces Exploration Development Incentive
July 7th, 2014
The Australian Government has announced a new Exploration Development Incentive (EDI) that will assist junior explorers in raising capital from private sector investors through a refundable tax offset. The legislation is still being finalized, but Acting Assistant Treasurer Mathias ...
Rosneft towards new projects in strategic shift
July 7th, 2014
Rosneft will shift its focus from acquisitions to new projects after a period of aggressive dealmaking that has transformed the Russian energy industry, as the country’s economy is hit by US and European sanctions. The move marks a significant ...
Brent Oil Trades Near Three-Week Low on Libya Supply
July 7th, 2014
Brent oil traded near the lowest price in more than three weeks as Libya prepares to increase exports and amid speculation that Iraq’s crude supplies remain safe from violence. West Texas Intermediate was steady in New York. Futures were ...
ECB interest rate
July 3rd, 2014
The Governing Council of the European Central Bank (ECB) decided after holding a meeting today, that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain ...
U.S. jobs data seen reinforcing strong growth outlook
July 3rd, 2014
U.S. employment growth is expected to have continued at a solid clip in June, which would further dispel fears about the economy’s health and underscore its momentum heading into the second half of 2014. Nonfarm payrolls probably increased by ...
Direct won-yuan trading on the way
July 3rd, 2014
While North Korea is set to top the agenda at talks later today between Chinese President Xi Jinping and South Korean President Park Geun-hye, increasingly close bilateral economic relations won’t be far behind. There are two main items on ...
