Search Results for: EU
How Suntech, Chinese Solar Giant, Was Snared In An Italian Fraud Scandal
March 21st, 2014
As 2008 began, the future looked brilliant for green energy giant Suntech Power and its high-flying founder, Shi Zhengrong. Suntech was one of the world’s largest makers of solar panels, the first non-state-owned Chinese company traded on the New ...
Turkey blocks use of Twitter after prime minister attacks social media site
March 21st, 2014
Recep Tayyip Erdoğan threatens to ‘root out’ social media network where wiretapped recordings have been leaked Turkey restricted access to Twitter hours after its prime minister, Recep Tayyip Erdoğan, threatened to “root out” the social media network where wiretapped ...
ECB on SRM agreement
March 21st, 2014
The European Central Bank has issued a press release welcoming the political agreement reached on the single resolution mechanism (SRM) on Thursday morning. The negotiations between the European Parliament and the European Council produced an SRM that is more ...
Google tries to NSA-proof Gmail
March 21st, 2014
Google just beefed up the security of Gmail to make mass surveillance of its customers’ email nearly impossible. It’s not quite NSA-proof, but it’s close. To accomplish the feat, Google (GOOG, Fortune 500) secured how you connect to its ...
Pimco Replaced by TCW as Manager of $1.3 Billion Strategy
March 21st, 2014
Bill Gross’s Pacific Investment Management Co., which suffered record redemptions from its main mutual fund last year, was dropped as manager of a $1.3 billion bond fund offered by Columbia Management Investment Advisers LLC. Columbia replaced Pimco with TCW ...
Asian Stocks Rebound From Biggest Decline in Seven Months
March 21st, 2014
Asian stocks rose, with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August. Li & Fung Ltd. surged 18 percent in Hong Kong after the world’s largest supplier of clothes and toys to ...
ESMA publishes list of authorised CCPs and OTC derivatives
March 20th, 2014
Following the authorisation of NASDAQ OMX as the first EU-based CCP on 18 March 2014, the European Securities and Markets Authority (ESMA) has today published information about Nasdaq OMX and the contracts it is authorised to clear. In accordance ...
Starbucks Aims To Double Market Cap to $100 Billion And Take Over Tea
March 20th, 2014
The world’s biggest coffee chain, Starbucks Corporation (NASDAQ:SBUX), plans to double its market capitalization to $100 billion eventually and dominate the tea industry just as it has with coffee, the company said at its annual shareholder meeting on Wednesday. ...
Parliament negotiators rescue seriously damaged bank resolution system
March 20th, 2014
European Parliament negotiators on Thursday reached a deal with their member state counterparts on the single resolution mechanism to deal with failing banks. Many elements fell into place early in the morning after 16 hours of talks. The elements ...
Budget 2014: Support for manufacturers and exporters
March 20th, 2014
Along with savers, business was the chief beneficiary of the Budget with support for manufacturers, exporters and investment THERE can be few complaints from business about what George Osborne served up in the 2014 Budget. Along with savers, business ...
