Search Results for: Global Markets
UBS Traders May Be First to Face Sanctions in Forex Probes
December 2nd, 2015
Swiss regulator may issue penalties by the end of the year Finma probed 11 currency, metals traders amid global scandal As many as seven UBS Group AG traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, ...
Brent slips on OPEC worry; U.S. crude steady ahead of inventory data
December 2nd, 2015
API says U.S. crude inventories rose by 1.6 mln bbls last week Reuters poll had cited 500,000 bbls draw instead U.S. crude falls in post-settlement trade after API data OPEC expected to keep output high at Friday meeting (Adds ...
FIS Completes Acquisition of SunGard
December 1st, 2015
Key facts FIS acquires SunGard, one of the world’s leading software and technology services companies. Acquisition propels FIS to a $9.3 billion company and uniquely positions it to offer a broad range of retail, enterprise and wholesale banking and payments capabilities ...
Standard Bank to Pay $4.2 Million to Settle SEC Charges
December 1st, 2015
Bank Agrees to $36.9 Million Global Settlement with the SEC and the U.K.’s Serious Fraud Office The Securities and Exchange Commission today charged Standard Bank Plc with failing to disclose certain payments in connection with debt issued by the ...
Russia and Saudi Arabia Battle for Control of European Oil Market
December 1st, 2015
Both Russian and Saudi companies have aggressively discounted their crude exports to Europe, dimming hopes of production cuts A contest for dominance in Europe’s oil market is heating up between the world’s two biggest oil exporters—Saudi Arabia and Russia—as ...
IMF’s Executive Board Completes Review of SDR Basket, Includes Chinese Renminbi
December 1st, 2015
The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese ...
IG Group published Pre Close Trading Update
November 30th, 2015
IG Group (“IG”, “the Company”), a global leader in online trading, today issues the following Trading Update for the second quarter of the financial year ending 31 May 2016, ahead of entering its close period on 1 December 2015. ...
What Will It Mean If the Yuan Gets Reserve-Currency Status?
November 30th, 2015
At least $1 trillion of global reserves may migrate to yuan Successful bid would boost Xi’s economic reform efforts International Monetary Fund representatives have given China strong signals that the yuan is likely to soon join the fund’s basket of reserve ...
Asia shares fall on China caution, yuan jumpy ahead of IMF decision
November 30th, 2015
Asian shares fell on Monday as Chinese stocks extended last week’s sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies. MSCI’s ...
Biggest Oil Buyers Pick Themselves as Winners From OPEC Meeting
November 27th, 2015
OPEC to meet Dec. 4 in Vienna to discuss oil production target South Korean refiner sees `best time ever’ as buyer amid glut Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They’ll emerge ...
