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EU Commission: Autumn 2015 Economic Forecast

November 5th, 2015 (0)
Autumn 2015 Economic Forecast: Moderate recovery despite challenges The economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more ...

Gold Price Drops ‘Clean Through Support’ as Precious ETFs Shrink, US Jobs Hit Forecast

November 5th, 2015 (0)
GOLD PRICE losses of 2.4% for the week so far worsened in London trade Wednesday as global stock markets rose sharply and new US jobs data put net hiring in the world’s largest economy just ahead of analyst forecasts ...

Asian stocks mixed on possible December rate hike

November 5th, 2015 (0)
Asian stocks put up a mixed performance on Thursday, after Federal Reserve chair Janet Yellen said that December’s monetary policy meeting would be a “live possibility” for a rate hike if upcoming economic data were supportive. Yellen was testifying before the ...

Standard Chartered seeks £3.3bn from shareholders

November 4th, 2015 (0)
Bank posts first loss in years, and says it will cut 15,000 jobs and withdraw from riskier lending Standard Chartered is asking shareholders to stump up £3.3bn while axing 15,000 jobs after reporting its first quarterly loss in 15 years. ...

Asian stocks rejoice at offshore gains, Japan Post debut

November 4th, 2015 (0)
Asian stocks rose sharply on Wednesday, as a confluence of factors including a stellar market debut from Japan Post’s units in Tokyo fueled risk appetite in the region. A fifth straight day of gains for energy counters alongside a ...

UBS’s third-quarter 2015 results

November 3rd, 2015 (0)
UBS 3Q net profit CHF 2.1bn  Net profit attributable to shareholders CHF 2.1bn; diluted earnings per share CHF 0.54 Adjusted1 profit before tax CHF 1.0bn Fully applied Swiss SRB Basel III CET1 capital ratio of 14.3% Fully applied Swiss SRB ...

Bitcoin Is Suddenly Surging Again

November 3rd, 2015 (0)
And there are various theories behind the rise. Bitcoin is back in the news, but this time it seems to be for all the right reasons. After a blockbuster 2013, the digital currency tumbled throughout 2014 on negative headlines, such as the February ...

Dell eyes $10 billion asset sales ahead of EMC merger – sources

November 3rd, 2015 (0)
Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp (EMC.N), according to people familiar with the matter. ...

VW emissions scandal: Porsche and luxury Audi and VW models have cheat device says US EPA

November 3rd, 2015 (0)
Volkswagen has found itself embroiled in a widening emissions scandal after the US Environmental Protection Agency accused the company of using illegal software in certain six-cylinder diesel engines that drags Porsche and luxury Audi and VW models into the ...

Oil Price Paradox: Gasoline Could Be Even Cheaper

November 3rd, 2015 (0)
The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices. Typically, gas prices go up and down in tandem with crude oil, the main ingredient. But recently, oil prices ...
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