Search Results for: Euro
Boss of hedge fund Weavering battles fraud charges in London court
December 15th, 2014
Magnus Peterson, battling fraud charges after his $600 million Weavering hedge fund collapsed during the financial crisis, told a court on Friday he could not remember which investors he had warned about his fund’s use of complex financial instruments. ...
Federal Reserve will decide this week for widen the door for interest rate hikes next year
December 15th, 2014
Federal Reserve officials will decide this week whether to make a critical change to their policy statement that would widen the door for interest rate hikes next year and effectively bet the United States will continue to shine in ...
Addition by ESMA on its list of authorised CCPs under EMIR
December 15th, 2014
ESMA has today added the Holland Clearing House B.V. to its list of authorised CCPs under the European Markets Infrastructure Regualtion (EMIR). EMIR requires EU-based CCPs to be registered and non-EU CCPs to be recognised in the European Union ...
Yen Climbs After Election; Aussie Near Low on Iron Prices
December 15th, 2014
Australia’s dollar fell to the lowest since June 2010 and the nation’s bonds rallied as commodities slumped and people were taken hostage in a cafe in Sydney’s financial district. The Aussie weakened against most of its 16 major peers ...
Disney and Skype ‘used Luxembourg tax deals’
December 12th, 2014
Companies including Disney and Skype have allegedly used Luxembourg tax deals, according to fresh leaks published by investigative journalists. The group of firms funnelled hundreds of millions of dollars in profits through Luxembourg subsidiaries, according to leaked documents. Disney ...
Dollar Snaps 3-Day Skid on Gains in Retail Sales; Krone Declines
December 12th, 2014
The dollar snapped a three-day skid after U.S. retail sales climbed the most in eight months, further evidence of a strengthening economy as the Federal Reserve considers its first interest-rate increase since 2006. The greenback gained versus most major ...
Oil Extends Drop Below $60 as Producers Tussle for Market Share
December 12th, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as ...
Dollar Gains as Retail Sales Rise Most in 8 Months; Yen Declines
December 11th, 2014
The dollar rose for the first time in four days as a report showed retail sales climbed the most in eight months in November, indicating a strengthening U.S. economic recovery amid sluggish global growth. The greenback gained versus most ...
London FinTech stars join Tech City UK’s Future Fifty scheme as booming digital finance sector steals the spotlight
December 11th, 2014
The capital’s crown as the financial technology epicentre of the world will be reaffirmed today as seven of London’s rising FinTech stars will join the government-backed Future Fifty scheme. TransferWise, Go Cardless and Algomi are among the group of ...
BCC: UK Economy Set For Strong 2015, But Premature Rate Hike ‘Huge Risk’
December 11th, 2014
Britain’s economy still looks on course to expand at a strong pace in 2015, but raising interest rates now would pose a “huge risk” to its recovery, the British Chambers of Commerce (BCC) said on Wednesday. The BCC trimmed its forecasts ...
