Search Results for: German
Deutsche Bank Shares Drop Again as European Banks Get Pummeled
February 9th, 2016
Investors are concerned about ability to navigate volatile markets Deutsche Bank AG’s shares dropped almost 10% on Monday as the battered European banking sector was hit by a fresh selloff amid investor concerns about lenders’ capital buffers and ability to ...
Europe Stocks at Recession Prices Show Growth Faith Falters
February 9th, 2016
Euro Stoxx 50 had its largest two-day slump since August Shares now trade at biggest discount in a year vs U.S. stocks For European investors trying to assess just how bad sentiment is right now, consider this: the last ...
Clearstream to migrate to T2S in February 2017
February 9th, 2016
he T2S CSD Steering Group (CSG) has confirmed the main migration scenario following the successful test (dress rehearsal) of migration wave 3 participants on 30 and 31 January. This main migration scenario foresees the migration of Clearstream’s CSDs in ...
Australia, Japan sell-off amid global rout; Nikkei drops 5.4%
February 9th, 2016
Australian and Japanese markets closed sharply lower on Tuesday, after another sell-off in U.S. and European stocks overnight as many Asian markets remained shut for the Lunar New Year. China and Taiwan are closed for the week, while markets ...
Frankfurt becomes Bundesbank’s largest gold storage location
February 8th, 2016
The Bundesbank successfully continued its transfers of gold last year. In 2015, 210 tonnes of gold were transferred to Frankfurt am Main from storage locations abroad: around 110 tonnes from Paris and just under 100 tonnes from New York. “With approximately 1,403 tonnes ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
It is time for a euro zone finance ministry?
February 8th, 2016
The euro zone needs to press ahead with structural reforms and closer integration, including an euro zone finance ministry, to deliver sustainable growth, the heads of the French and German central banks wrote in a German newspaper on Monday. ...
VW faces tougher Justice Department while GM and Toyota settled criminal charges without pleading guilty
February 8th, 2016
Government making `big deal’ of company’s emissions cheating GM, Toyota settled criminal charges without pleading guilty No one has died from the emissions-cheating software Volkswagen AG has admitted it installed in some of its cars, yet the U.S. Justice ...
Russia Courts Foreign Banks as Funding Crunch Overtakes Politics
February 8th, 2016
Goldman, Citigroup among 20 foreign underwriters approached Allianz says Russia needs to tap Eurobond market this year Pressure is mounting on Russia to break the vow of abstinence on selling Eurobonds it has maintained since the U.S. and Europe ...
Gazprom: No reason for gas price war in Europe
February 5th, 2016
The Russian gas monopoly sees no need to cut prices as liquefied natural gas (LNG) from the United States attempts to gain market share in Europe. “There is no necessity for us to open a price war… There are ...
