Search Results for: Euro
Geopolitical risk is back up, Dow back down
August 6th, 2014
Just when the market was trying to find its footing, geopolitics rocked the Dow again. This time it was renewed fears that Russia might invade Ukraine. Whether the fears are simply rumor or innuendo, or real fears taken from ...
IREIT Global registers prospectus for IPO on SGX
August 5th, 2014
Investors in Singapore will soon have access to the European real estate market. IREIT Global has registered its prospectus for an initial public offering (IPO) on the SGX mainboard. Under the IPO, IREIT Global is offering almost 168 million ...
FCA restricts distribution of CoCos to retail investors
August 5th, 2014
The Financial Conduct Authority (FCA) will restrict firms from distributing contingent convertible securities (CoCos) to the mass retail market from 1 October 2014. CoCos are highly complex and the FCA believes they are unlikely to be appropriate for the ...
Crédit Agricole Takes $950 Million Hit on Portuguese Bank
August 5th, 2014
The French bank Crédit Agricole said Tuesday that it nearly had its entire second-quarter profit wiped away as it took a $950 million charge to write off its entire investment in the troubled Portuguese lender Banco Espírito Santo, in ...
Bulgarian Government Urged to Solve Banking Crisis
August 5th, 2014
Bulgaria is dealing with its worst banking crisis since the 1990’s as the European Union and international investors have issued warnings about the fate of one of the country’s largest banks. The Bulgarian government is struggling to find a ...
Technical Analysis EUR/USD targets 1.33
August 5th, 2014
Technical Analysis EUR/USD for August 5, 2014 Pair’s Outlook Trading was quiet yesterday, as the weekly pivot point kept EUR/USD afloat. But the currency pair is likely to breach the support at 1.3413 and head towards the 2013 Q4 ...
Asia stocks steady after Wall Street rally, dollar off peaks
August 5th, 2014
Asian stocks slipped on Tuesday after a survey showed China’s services sector growth fell to a record low, souring the positive mood from upbeat U.S. earnings and relief over Portugal’s rescue of its largest bank. Spreadbetters saw Europe faring ...
Summer Gas Prices Down Despite Geopolitical Turmoil, Higher Demand
August 5th, 2014
The American Automobile Association (AAA) has reported that the average pump price of a gallon of gasoline was $3.52 at the end of July, the lowest since March. In fact, July prices dropped more than they have in six ...
Walgreens CFO exits ahead of tax inversion news
August 5th, 2014
Walgreens announced Monday that the company is replacing Chief Financial Officer Wade Miquelon, a move that comes just as the Deerfield, Ill., drugstore chain plans to announce a decision on whether they will nominally move its headquarters overseas to ...
HSBC bank’s half-year profits fall by 12%
August 4th, 2014
HSBC’s pre-tax profits fell by 12% in the first half of 2014 compared with the same period a year before. Profits were $12.34bn (£7.33bn), from $14.071bn twelve months earlier. During the half-year, the bank also put aside some $234m ...
