Search Results for: EU
Draghi tries to Keep Rate-Cut Option Even After June
June 4th, 2014
Mario Draghi is likely to signal that any interest-rate cut this week won’t necessarily be the final one, according to two euro-area central bank officials. The European Central Bank president will probably reiterate his commitment to keep borrowing costs ...
Fed may shun global risk rules banks spent billions to meet
June 4th, 2014
The Federal Reserve may scrap international measures aimed at assessing bank health in favor of imposing its own rules, frustrating bankers who have spent billions of dollars retooling their books to meet global standards. Fed officials are concerned that ...
All you need to Know about CySec’s Exams 2014 – Analysis by GP GLOBAL LTD
June 3rd, 2014
All you need to Know about CySec’s Exams 2014 – Analysis by GP GLOBAL LTD When will the Cyprus Securities and Exchange Commission (CySEC) Exams 2014 take place? According to a recent press release issued by the Commission, the certification exams ...
Iran Eliminates US Dollar from Forex Reserves
June 3rd, 2014
The Central Bank of Iran (CBI) has practically rid the country’s foreign currency reserves of US dollar, replacing them with the United Arab Emirates’ dirham, an official said. Hossein Ya’qoubi, CBI governor for international affairs, told the Tasnim News ...
Fifa ethics head Michael Garcia won’t look at new corruption allegations
June 3rd, 2014
Millions of files raise fresh questions over Qatari bid for the 2022 World Cup, with Garcia’s report on the issue due 9 June. Fifa’s chief ethics investigator will not consider millions of documents underpinning a new wave of corruption ...
ECB to lead revamp of global FX codes of conduct
June 3rd, 2014
The European Central Bank has been given the lead role in work to strengthen codes of conduct for currency markets, expected to be one of the main areas highlighted in a report from global regulators due within weeks. Banking ...
Dow, S&P end at records; Apple, Google drag on Nasdaq
June 3rd, 2014
The Dow and the S&P 500 finished at record highs again on Monday after a closely watched read on U.S. manufacturing was revised to show more strength than initially indicated. Industrials and material stocks were among the day’s biggest ...
Pimco’s ‘Bond King’ suffers 13th month of outflows at Total Return Fund
June 3rd, 2014
Bill Gross’ Pimco Total Return Fund, the world’s largest bond fund, posted $4.3 billion in net outflows in May, marking its 13th straight month of investor withdrawals despite achieving its best performance in four months, Morningstar data showed on ...
U.S. lawmakers probe Treasury unit’s hiring, will object to Obama nominee
June 3rd, 2014
Two powerful congressmen have opened separate inquiries into whether a Department of the Treasury bureau charged with policing money laundering may have flouted federal hiring rules, including regulations that require military veterans be given preference for government jobs. Darrell ...
Google shows good faith but those wanting to be forgotten must wait
June 2nd, 2014
In announcing its willingness to implement the EU court of justice decision on the “right to be forgotten”, Google is making the best of a bad job. Although the ruling delivered in Luxembourg on 13 May left it with ...
