Search Results for: Election Day
China Auditor Blames CIC Mismanagement for Investment Losses
June 18th, 2014
Mismanagement at China Investment Corp., the nation’s $575 billion sovereign wealth fund, led to overseas investment losses that could widen, according to the National Audit Office. A dereliction of duty by managers, inadequate due diligence and post-investment management were ...
Phillip Futures Selects FlexTrade for White Label FX & Precious Metal Trading
June 16th, 2014
A global leader in multi-asset execution and order management systems, FlexTrade Systems, Inc., today announced Phillip Futures, a member of PhillipCapital Group , has deployed MaxxTrader, its full STP, white label FX trading system to process client NDFs, spot currencies ...
US stocks retreat; Dow record winning streak ends
June 12th, 2014
The Dow Wednesday snapped a four-day streak of record highs in a US equity retreat attributed in part to a shock Republican primary election and profit taking. At the closing bell, the Dow Jones Industrial Average slumped 99.73 points ...
Asian stocks weak on world bank growth downgrade
June 11th, 2014
Asian stock markets were weak on Wednesday, dragged down by the World Bank’s lower global growth forecast. The bank cut its forecast for global economic growth this year to 2.8 percent from the 3.2 percent it forecast in January. ...
Gunfire in Karachi, Stocks Drop on Report of Politician’s Arrest
June 4th, 2014
Shops closed and public buses stopped operating in Pakistan’s biggest city a day after U.K. police questioned Karachi’s most powerful political figure as part of a money-laundering investigation. About 400 people blocked one of Karachi’s main streets to protest ...
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 ...
Demographics, reforms, globalisation can make India a $5-trillion economy by 2025
June 3rd, 2014
Propelled by the three “success factors” of favourable demographics, globalisation and productivity-boosting reforms, India’s trend growth rates have been rising since the 1980s. Over the last decade, GDP growth has averaged 7.6%, compared with 6.1% in ’90s and 4.6% ...
BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
Stocks break more records
May 28th, 2014
Wall Street celebrated the unofficial start of summer with a sizzling performance. Stocks raced to all-time highs on Tuesday as investors cheered positive economic reports in the U.S. and a wave of buying in Europe over the long weekend. ...
Asia stocks decline while Europe shares rise
May 27th, 2014
Asian stock markets were muted Tuesday as tensions flared between China and Vietnam over a territorial dispute while hopes of easier monetary policy continued to boost European shares. Germany’s DAX rose 0.4 percent to 9,927.85, extending the previous day’s ...
