Search Results for: First Data
Brokers offer hope of revival in corn futures
June 18th, 2014
Brokers, citing hedge fund positioning and the firm US cash market, offered hope of at least a temporary lull in the selling in US corn, even as prices staged a small rebound from their weakest close in four months. ...
German investor confidence slips again
June 17th, 2014
A survey shows that German investor confidence has fallen for the sixth consecutive month and has hit its lowest level since December 2012 amid concerns about a soft patch in Europe’s largest economy. The ZEW institute said Tuesday that ...
Hackers to Sell Stolen Credit Cards on Youtube
June 17th, 2014
A review of content on Google Inc. (GOOG)’s YouTube service turned up dozens of videos selling stolen credit card data, according to an Internet-safety research group trying to shed more light on an $18 billion illicit industry. The group, ...
FASB revises standard for accounting of repurchase agreements
June 13th, 2014
FASB on Thursday issued a revised standard that addresses investors’ concerns with the financial reporting of repurchase agreements and brings U.S. GAAP accounting for such transactions into closer alignment with IFRS. Under the updated standard, Transfers and Servicing (Topic ...
Wall St. slides on concerns about Iraq
June 13th, 2014
U.S. stocks fell on Thursday as concerns escalated about Iraq and after disappointing economic data on retail sales and jobless claims. The three major U.S. stock indexes ended off their session lows. With the day’s decline, though, the S&P ...
Bank Recovery and Resolution Directive for CIFs
June 12th, 2014
The Cyprus Securities and Exchange Commission (CySec) is informing the Cyprus Investment Firms (‘the CIFs’) about Bank Recovery and Resolution Directive and on the Data requested by the EU Parliament as follows: 1. The European Parliament and the Council ...
Australia Employers Cut Workers in May as Unemployment Holds
June 12th, 2014
Australian employers unexpectedly cut payrolls in May, underscoring the likelihood interest rates will remain at a record low for an extended period. The number of people employed fell by 4,800, the statistics bureau said in Sydney today. That compares ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
China Regulator Pledges to Expand Credit as Economy Slows
June 6th, 2014
China’s banking regulator vowed to expand loans and cap borrowing costs, seeking to boost the supply of funds to the real economy as growth slows amid a clampdown on shadow financing. Lending to small businesses, major infrastructure projects and ...
Russia-China Gas Pact Stirs Dream of Bridge Across Amur
June 6th, 2014
In winter, Russian shoppers drive cars across the frozen Amur River to buy knock-off Nike sneakers from Wu Haiou’s stall in the Chinese city of Heihe. In warmer months, they come by hovercraft and ferry. Russia’s $400 billion deal ...
