Search Results for: Economic Outlook
The Current State of the Swiss Franc
November 30th, 2015
The Swiss National Bank (SNB) kept policy unchanged at the June policy review, leaving their benchmark interest of deposits at -0.75%. The target range for the three month Libor remained unchanged at -1.25% to -0.25%. The SNB repeated ...
Gold dips, set for biggest monthly loss in more than 2 years
November 30th, 2015
Gold futures edged lower Monday, keeping the metal on track for its biggest monthly drop in more than two years. Gold for December delivery GCZ5, -0.12% fell by $1.40, or 0.1%, to $1,054.80 an ounce, while December silver SIZ5, ...
Welcome To The Currency War, Part 20: Corporate Profits Head South, Stock Prices To Follow?
November 26th, 2015
A too-strong currency is, in theory, supposed to make it harder to sell things to cheap-currency countries, thus crimping corporate profits and by implication pretty much everything else. The US dollar has been rising against the rest of ...
Oil prices edge up on reports of falling inventories, but glut remains in place
November 18th, 2015
Oil prices edged up on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts said the market would remain under pressure for the rest of the year and into 2016. Industry group American Petroleum Institute (API) ...
Gold Prices Rise as Paris Attacks Spark Safe-Haven Demand
November 17th, 2015
Gold’s gains could be short lived, analysts say, as the market refocuses on the U.S. Federal Reserve Gold prices rose, breaking a three-session losing streak as the terror attacks in Paris sparked safe-haven demand for the metal. The precious metal has ...
Asian stocks bruised by tumbling oil, Fed hike jitters
November 13th, 2015
Asian stocks were battered on Friday, with risk-off sentiment in full swing amid sharp falls in the price of commodities and growing expectations that the Federal Reserve is on track for a rate hike in December for the first ...
Bank of England maintains Bank Rate at 0.5%
November 5th, 2015
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 4 November 2015, the MPC ...
Law firms consider deal to create a leading global law firm
November 5th, 2015
Pacific Rim Powerhouse: Dentons, 大成, Gadens and Rodyk & Davidson consider deal to create the Pacific Rim’s leading global law firm The global law firm Dentons, the Chinese firm 大成, the Singapore firm Rodyk & Davidson, and the Australian ...
Asian stocks rejoice at offshore gains, Japan Post debut
November 4th, 2015
Asian stocks rose sharply on Wednesday, as a confluence of factors including a stellar market debut from Japan Post’s units in Tokyo fueled risk appetite in the region. A fifth straight day of gains for energy counters alongside a ...
UBS’s third-quarter 2015 results
November 3rd, 2015
UBS 3Q net profit CHF 2.1bn Net profit attributable to shareholders CHF 2.1bn; diluted earnings per share CHF 0.54 Adjusted1 profit before tax CHF 1.0bn Fully applied Swiss SRB Basel III CET1 capital ratio of 14.3% Fully applied Swiss SRB ...
