Search Results for: First Data
Asia markets retrace some losses, China bucks trend
January 14th, 2016
Major Asian stock markets retraced some of their downward slide but stayed in negative territory, following a massive sell-off on Wall Street overnight. Japan’s Nikkei 225 retraced morning losses to trade down 2.86 percent, weighed by commodities and machinery sectors. Earlier, ...
BGC Partners Completes Full Merger with GFI Group
January 13th, 2016
Public Shareholders to Receive $6.10 per GFI Share in Cash BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or the “Company,”) a leading global brokerage company servicing the financial and real estate markets, today announced that it has completed ...
When OPEC cuts output, oil prices will begin to climb
January 13th, 2016
While the consensus view is the the oil price will go even lower yet, once production is reduced it will start rising again. There’s a very good reason why the price of oil keeps falling – there’s no real need to buy it. ...
VAT MOSS traders question business status
January 12th, 2016
Businesses caught up in the EU VAT changes are considering if they are actually “in business” and within the scope of the VAT MOSS scheme, following a recent HMRC briefing document. The tax authority’s latest guidance states that the compliance rules only apply “where supplies are made ...
Chinese regulator asks banks to cut wealth management yields
January 12th, 2016
China‘s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit. The move to ...
Asia markets close lower, Nikkei 225 slips 2.71%
January 12th, 2016
Asia’s major markets closed mostly lower, with investor sentiment in the region remaining fragile as oil prices continued to slide and China concerns weighed. The Australian market erased its morning gains to slip into negative territory, with the main ASX ...
In Saudi Aramco IPO, Global Refining Empire May Be the Prize
January 11th, 2016
Saudi state-owned company mulls `bundle’ of refiners listing Aramco will be world’s top refiner by 2020, overtaking Exxon Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude ...
Oil drops over 2 pct as China slowdown weighs; market loses faith in rebound
January 11th, 2016
Crude oil prices fell over 2 percent on Monday as China’s economic slowdown dented the outlook for demand and traders are placing record bets on even lower prices as they increasingly lose faith in a significant market recovery. Global ...
Twitter files lawsuit against Turkish fine
January 11th, 2016
Twitter files lawsuit against Turkish fine over ‘terrorist propaganda’ – source Micro-blogging site Twitter filed a lawsuit in an Ankara court on Thursday, seeking to annul a fine by the Turkish authorities for not removing content Turkey says is ...
The Challenges for the Cypriot Economy for 2016
January 11th, 2016
Assessing the current state of the Cypriot economy one could say that the year 2015 was undoubtedly another difficult year with several problems still remaining unresolved. One could also though add a positive note, that it was the year ...
