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Euro slips on Greek woes, rate cut speculation hits kiwi

May 11th, 2015 (0)
Euro on defensive as nerves take hold before Eurogroup meeting Dollar/yen steady after jobs data fails to provide spark Kiwi slides to near two-month low on RBNZ rate cut speculation Pound stands tall after election, BOE, fundamentals eyed again ...

Ericsson Sues Apple in Europe Over Phone Patent Royalties

May 8th, 2015 (0)
Ericsson AB said it sued Apple Inc. in three countries as it ratcheted up a global licensing battle between the companies. The suits in Germany, the U.K. and the Netherlands add to U.S. filings seeking a patent-licensing agreement for technologies fundamental ...

SEC Approves Pilot to Assess Tick Size Impact for Smaller Companies

May 8th, 2015 (0)
The Securities and Exchange Commission today approved a proposal by the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) for a two-year pilot program that would widen the minimum quoting and trading increments–or tick sizes–for stocks of ...

France Restricts the Movement of Gold, Cash, & Crypto-Currencies

May 8th, 2015 (0)
France is the most socialist country in Europe; it always attacks anyone with money. France’s latest war on money is broadening to create a virtual lockdown on all assets. France is strengthening the control of cash payments drastically. Additionally, gold sales ...

UBS Sets Sights on U.S. Investment Banking Again

May 8th, 2015 (0)
UBS AG, which stumbled badly the last time it pushed to expand in the lucrative U.S. investment-banking market, is again seeking to build its business here—though this time with more modest ambitions. UBS AG, which stumbled badly the last time ...

Banks Expected to Settle FX Probes for Billions

May 7th, 2015 (0)
Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging foreign-currency exchange rates and pay billions in combined penalties. Four big banks are expected to plead guilty ...

Saudi Arabia on Target to Open Tadawul to Foreign Investors with Issuance of Rules for Qfi’s

May 7th, 2015 (0)
The Saudi Capital Markets Authority (CMA) has finally formally issued its eagerly anticipated regulations for Qualified Foreign Investors (QFI’s) to invest in the Tadawul All Share Index. The new regulations take effect on 01 June 2015 and will mean ...

Dollar struggles on soft data, sterling awaits election

May 7th, 2015 (0)
Dollar index hits two-month lows Euro breaks above $1.13 for the first time since late Feb Sterling on defensive for UK elections Aussie up slightly after fall on local job data   The dollar languished near its lowest levels ...

Greece makes IMF payment but hopes of quick deal dashed

May 6th, 2015 (0)
Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger installment Athens must pay next week. Leftist Prime Minister Alexis Tsipras‘ government ...

A Digital Single Market for Europe: EU Commission sets out 16 initiatives to make it happen

May 6th, 2015 (0)
The Internet and digital technologies are transforming our world – in every walk of life and in every line of business. Europe must embrace the digital revolution and open up digital opportunities for people and businesses. How? By using ...
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