Search Results for: Euro area
London Stock Exchange reports total income up 17% to £1,657.1 million for 2016
March 4th, 2017
Unless stated otherwise, all figures in the highlights below refer to continuing operations1 for 12 months to 31 December 2016 and comparisons with the prior 12 month period on the same basis. Continued execution against strategic objectives and investment ...
JPMorgan deploys software to reduce legal contract work
March 3rd, 2017
The bank has created software which reviews deals in seconds – a task that took lawyers some 360,000 hours every year. JPMorgan Chase introduced the software, COIN, for Contract Intelligence, to interpret commercial loan agreements that, until the project ...
Former deputy attorney-general of Cyprus was sentenced to 3.5 years in prison
March 1st, 2017
Former deputy attorney-general Rikkos Erotokritou was sentenced to 3.5 years in prison on Wednesday for his involvement in a conspiracy with the Andreas Neocleous law firm in 2013. Panayiotis Neocleous, one of the law firm’s partners and son of ...
World corn output to fall in 2017-18, allowing drawdown in stocks
February 28th, 2017
World corn output will fall next season, undermined by weaker Chinese and US sowings, the International Grains Council said – flagging the prospect of some decline in inventories of the grain. The intergovernmental group, in its first forecasts for ...
Global (economic) warming
February 26th, 2017
If the economy was on its uppers, Trumpenomics could be reasonably compared with Reaganomics. But that is not the case. The economy is operating close to capacity, ….any further fiscal and monetary expansion will begin to create …. economic ...
ESAS warn on Money Laundering and Terrorist Financing risks affecting the EU financial sector
February 22nd, 2017
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a Joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union’s financial sector. This Opinion ...
Nasdaq and Borse Dubai Sign Landmark Market Technology Deal
February 21st, 2017
Borse Dubai will overhaul trading and post-trade technology of Dubai Financial Market, paving the way for various market enhancements including CCP clearing Nasdaq, Inc. (Nasdaq:NDAQ) and Borse Dubai today announced a new landmark agreement to bolster the technological infrastructure of Dubai’s stock ...
HSBC announced 2016 Results; $1.0bn share buy-back
February 21st, 2017
Strategic execution Completed a $2.5bn share buy-back following the sale of the Brazil business Further reduced our risk-weighted assets (‘RWAs’) during 2016 by $143bn as a result of extensive management actions, including the sale of operations in Brazil Generated ...
Huge gas finds in Mediterranean Sea waiting to be tapped
February 16th, 2017
Huge gas finds in Mediterranean Sea waiting to be tapped As the helicopter roars its way west from the Tel Aviv coast, two dots emerge from the featureless blue. Closer up, they begin to take shape: Giant platforms for ...
ESMA writes to EU Commission about MiFID II SIS Operating Broker Crossing Network
February 15th, 2017
The European Securities and Markets Authority (ESMA) has written to the European Commission to raise its concern over the potential establishment of networks of systematic internalisers (SIs) by investment firms to circumvent certain MIFID II obligations; in particular, the ...
