Search Results for: Global Markets
Financial technology: Money finds new paths
August 12th, 2016
Africa may be slowest to embrace fintech, but the continent is ripe for disruption. WHAT IT MEANS: Australia’s progress a benchmark for Africa. Africa’s unbanked are an opportunity for tech firms. Disruption of the banking sector is well on ...
Oil prices rise on talk of possible exporter moves to prop up market
August 12th, 2016
Oil prices rose by around 1 percent on Friday, extending gains from the previous session on expectations that exporters could talk at an upcoming meeting about ways to prop up a market that continues to be dogged by a ...
Investment demand for gold jumps to all-time high
August 11th, 2016
In late trade in New York on Wednesday gold edged higher to exchange hands at $1,352 an ounce. Last week gold closed at a two-year high and year to date the metal is up 27% or nearly $300 an ounce. A new study ...
Asia mostly lower as oil retreats further; BOK keeps rates steady
August 11th, 2016
Asia markets were mostly lower on Thursday following U.S. losses, with sentiment likely driven by Wednesday’s oil price falls and anticipation of another data deluge from China on Friday. In Australia, the benchmark ASX 200 slid 35.71 points, or 0.64 percent, ...
Oil prices fall on U.S. crude inventory build, record Saudi output
August 11th, 2016
Oil prices fell early on Thursday as a build in U.S. crude inventories and record Saudi Arabian production weighed on markets. U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.34 per barrel at 8.32 p.m. ET, ...
Oil dips on oversupply; calls for producer meeting met with scepticism
August 10th, 2016
Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. U.S. West Texas Intermediate ...
Dollar Weakens as Muted Prospects for Fed Rate Hike Boost Gold
August 10th, 2016
Bonds gain as odds of a 2016 U.S. rate increase stay below 50% Asian stocks near one-year high as Hang Seng Index climbs The dollar weakened on speculation the Federal Reserve will be slow to raise interest rates amid ...
Moscow Exchange Announces 2Q 2016 Results
August 9th, 2016
Moscow Exchange (MOEX) today announces its financial results under International Financial Reporting Standards (IFRS) for the second quarter 2016. Earnings growth was supported by an increase in fee and commission income from all trading markets across the Exchange’s diversified ...
Barclays reaches $100M Libor settlement
August 9th, 2016
Barclays Bank PLC (BCS) has agreed to pay $100 million to settle allegations that its manipulation of a global financial benchmark defrauded government entities and non-profit groups across the U.S. Announced Monday, the settlement includes $93.35 million for restitution to victimized groups that agree to opt in and issue releases ...
Asia shares up as yield hunt drives record flows, pound slips
August 9th, 2016
Asian shares stood atop one-year peaks on Tuesday as investors’ desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts ...
