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Global diamond market sees moderate growth
February 24th, 2017
The global diamond industry performed moderately well in 2015, led by diamond jewellery retail sales, which grew 3 per cent at constant exchange rates, a report said. However, currency depreciation, as well as slower demand in China, contributed to ...
Two Samsung execs stand down amid a corruption scandal that led to boss Jay Y. Lee’s arrest
February 24th, 2017
Two senior Samsung executives have offered to resign, taking responsibility for the mobile phone giant’s involvement in a scandal involving South Korean President Park Geun-hye. According to a report by Yonhap news agency, Vice Chairman Choi Gee-sung and President ...
Bundesbank posts distributable profit of €0.4 billion in 2016
February 24th, 2017
The Bundesbank posted a profit of €1.0 billion for the 2016 financial year, compared with €3.2 billion in 2015. Owing to an allocation to the reserves, the remaining distributable profit amounted to €0.4 billion and was transferred in full ...
Key elements of the European Union budget for 2018
February 23rd, 2017
Introduction The Council considers that the budget for 2018 should provide adequate resources to continue supporting the traditional and evolving priorities within the Union, namely the recovery of the European economy, to address humanitarian and security challenges both within ...
CySec fined €63.000 a Cyprus Investment Firm
February 23rd, 2017
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on January 23, 2017, decided to impose a total administrative fine of €63.000 on the CIF PriorFx ...
Playtech reports revenues up 12% for year 2016 vs 2015
February 23rd, 2017
Playtech (LSE: PTEC) today announces its results for the year ended 31 December 2016, together with a trading update for the period to 20 February 2017. Group financial highlights · Total revenues up 12% vs 2015 on a reported ...
How Many Euro Crises Will This Make? It’s Getting Hard To Keep Track
February 23rd, 2017
Every few years, it seems, one or another mismanaged eurozone country falls into one or another kind of crisis. This leads to speculation about the end of the common currency, which in turn spooks the global financial markets. Then ...
Two leading global law firms to merge
February 23rd, 2017
Combination brings together two leading global law firms US practice will have approximately 1,000 lawyers New York office will rank among the city’s 25 largest with more than 300 lawyers Washington, DC office will grow to more than 130 ...
The Pound to Euro Rate hits a Wall at Notorious 200 Day M.A
February 22nd, 2017
It was an impressive start to the mid-week session for Pound Sterling having broken above a key technical level against the Euro for the first time in months. The exchange rate is now knocking its 200-day moving average; if ...
Which country in Europe is the largest energy consumer and which are the least dependent
February 22nd, 2017
Energy consumption in the EU below its 1990 leveL… but EU dependency on fossil fuel imports on the rise In 2015, gross inland energy consumption, which reflects the energy quantities necessary to satisfy all inland consumption, amounted in the ...