Search Results for: EY
China Regulator Pledges to Expand Credit as Economy Slows
June 6th, 2014
China’s banking regulator vowed to expand loans and cap borrowing costs, seeking to boost the supply of funds to the real economy as growth slows amid a clampdown on shadow financing. Lending to small businesses, major infrastructure projects and ...
Barclays Fine Spurs New U.K. Scrutiny of Derivatives Conflicts
June 6th, 2014
Britain’s markets regulator plans to scrutinize the conflicts of interest banks face when they use derivatives after fining Barclays Plc (BARC) for manipulating the price of gold to avoid a pay-out to a client. The Financial Conduct Authority will ...
Russia-China Gas Pact Stirs Dream of Bridge Across Amur
June 6th, 2014
In winter, Russian shoppers drive cars across the frozen Amur River to buy knock-off Nike sneakers from Wu Haiou’s stall in the Chinese city of Heihe. In warmer months, they come by hovercraft and ferry. Russia’s $400 billion deal ...
Asian Stocks Rise With Ringgit; U.S., Europe Futures Gain
June 6th, 2014
Asian stocks rose for the fourth straight week and emerging-market currencies strengthened after the European Central Bank cut interest rates to fight deflation. The dollar headed for its best week since April versus the yen and U.S. and European ...
China Seeks to Cap Fossil Fuel Emissions for First Time
June 6th, 2014
China is working on how to cap its greenhouse gas emissions for the first time, an effort that would spur the worldwide effort to hold back climate change. The world’s biggest producer of fossil fuel emissions has been studying ...
Asian stocks rise after ‘unprecedented’ European Central Bank (ECB) actions
June 6th, 2014
Asian stocks rose after the European Central Bank introduced aggressive easing measures aimed at stimulating the eurozone economy. The ECB become the first major central bank to introduce negative interest rates, which will see it become cheaper for banks ...
FCA says logbook lenders must raise standards
June 5th, 2014
The Financial Conduct Authority (FCA), the British regulatory authority has urged the importance of raising longbook lenders’ standards after finding evidence of poor firm behaviour, including little or no affordability checks with some applicants encouraged to manipulate details of their ...
Sprint and T-Mobile near a deal
June 5th, 2014
Sprint Corp. (S) is nearing an agreement on the price, capital structure and termination fee of an acquisition for T-Mobile US Inc. (TMUS) that could value the wireless carrier at almost $40 a share, people with knowledge of the ...
Little Change for U.S. Stock-Index Futures Before ECB
June 5th, 2014
U.S. stock-index futures remained relatively unchanged, after equities climbed to a record, while investors awaited the European Central Bank’s decision on stimulus today and the monthly jobs report tomorrow. Sprint Corp. advanced 4.2 percent in German trading after people ...
Deutsche Bank cap hike delay due to court bottleneck
June 5th, 2014
Deutsche Bank’s (DBKGn.DE) plans for an 8 billion euro ($11 billion) capital hike came to an abrupt halt on Wednesday when a procedural bottleneck in a German court forced Germany’s flagship lender to delay the issue by several days. ...
