Search Results for: European law
Banks face new legal action over forex manipulation
July 15th, 2015
After fines totalling many billions of pounds from UK and US regulators, a new threat is about to hit the major banks found guilty of manipulating the foreign exchange market. US lawyers are preparing multi-million-pound legal action – to ...
Greece Holds Out, Wins Even Worse Deal
July 14th, 2015
The hostile takeover is almost complete. On Sunday Greece agreed not just to Germany’s original demands, but to even more: “(Bloomberg) – The conditions that Tsipras swallowed comprised a laundry list of unfinished business from Greece’s two previous bailouts ...
Oil prices tumble as Iran, global powers reach nuclear deal
July 14th, 2015
Oil prices dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports. The agreement, which capped more than ...
3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap
July 14th, 2015
Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone. But as you will see below, ...
How Future Bitcoin Can Prevent a Future Greece
July 14th, 2015
The digital currency is at a turning point, evolving much more quickly than some observers realize Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in ...
Brazil Regulator Names 30 Traders in Probe of Currency Rigging
July 14th, 2015
Brazil’s antitrust regulator named 30 people it’s investigating as part of a civil probe into anticompetitive practices in the currency market. If found to have violated the law, the individuals each may face penalties of as much as 2 ...
EU Demands Complete Capitulation From Tsipras
July 13th, 2015
European leaders gave Greek Prime Minister Alexis Tsipras a straightforward choice: ditch his principles or quit the euro. Tsipras was presented with a laundry list of unfinished business from Greece’s previous bailouts at an emergency summit that stretched in ...
Euro’s Drop Muted as Currency Builds Resistance to Greek Turmoil
July 13th, 2015
The euro seems to be building up some resistance to Greek turmoil, even as it opened weaker for a third straight Monday amid the latest debt impasse. Today’s drop at the start of Asian trading was smaller than its ...
Greek Limbo Sets Up Another Monday to Watch in Markets
July 13th, 2015
Prospects for deal unsure after weekend negotiations Investors were facing another potentially manic Monday after the latest in a series of weekend twists and turns in Greece’s debt crisis. A wave of optimism buoyed stocks in Europe and the U.S. at the ...
Total confusion about a Greek deal
July 12th, 2015
EU Council president Donald Tusk announced this morning that the planned EU summit is cancelled and that a separate euro zone summit meeting will start at 1400 GMT (1600 local time). Tusk said the eurozone summit would last until we ...
