Search Results for: EU
Russia’s surprise interest rate rise ‘to curb inflation’
July 25th, 2014
Russia’s central bank has unexpectedly raised its key bank interest rate over concerns about inflation and “geopolitical tension”. The bank’s board decided to raise the interest rate by 50 basis points, or half a percent, to 8% per year. ...
Wonga-style fake letters means headaches for in-house lawyers
July 25th, 2014
After Wonga and others were caught sending fake legal letters, what are the professional risk implications for in-house lawyers of using pseudo-solicitors to chase debts? The profession needs to grapple with serious legal and ethical issues following recent reports ...
Lower printer sales hurt Xerox’s revenue
July 25th, 2014
Xerox Corp (XRX.N) reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business. Net income attributable to Xerox fell to $266 million, or 22 cents per share, for the quarter ended June 30, ...
Gold Steadies After Losses, Remains Under $1300
July 25th, 2014
Gold remains under the key level of $1300, as the spot price stands at $1293.13 per ounce late the European session. The metal has now slipped about 2% in the past week. On the release front, it’s a quiet ...
Vodafone revenue dragged lower by Spain and South Africa in first quarter
July 25th, 2014
Vodafone received no relief from tough market conditions in the first quarter, with a slowdown in Spain and South Africa resulting in another heavy drop in its key revenue measure. The world’s second-biggest mobile operator said the pace of ...
Stocks futures lower Friday
July 25th, 2014
Stock futures were lower Friday ahead of the start of regular trading. Here is where major market indexes stood before the opening bell (Last updated at 4:15 a.m.) Dow: – 0.02% S&P 500: – 0.05% Nasdaq: – 0.21% Japan’s ...
IMF Cuts Global Forecast for 2014
July 25th, 2014
The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices. The world economy will advance 3.4 percent ...
British’s Economy Set for Milestone
July 25th, 2014
Britain’s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago. Gross domestic product is expected to have kept ...
UBS Wins Case Over Firing of Drug Analyst in Front-Running Probe
July 24th, 2014
A London judge said UBS AG (UBSN) had the right to fire a senior analyst who discussed rumors about a Sanofi drug with a friend at a hedge fund who may have bet against the company before publishing a ...
Gold Under Pressure, Dips Under $1300
July 24th, 2014
Gold has dipped under the key level of $1300, as the spot price stands at $1298.67 per ounce late the European session. The metal has now slipped about 2% in little over a week. In the US, Unemployment Claims ...
