Search Results for: Global Markets
‘Brexit’ Wouldn’t Be Disaster for U.K., Says UBS Chairman
November 11th, 2015
Axel Weber said Britain would probably get a good deal if it voted to leave The chairman of one of Europe’s biggest banks said Tuesday that if the U.K. decided to leave the European Union it probably wouldn’t deal ...
Gold price extends gains on Diwali eve, silver slides
November 11th, 2015
Rising for the second straight day, gold prices in India edged up by Rs 5 to reach Rs 26,235 per 10 gram on the eve of Diwali at the bullion market on Tuesday on increased buying by jewellers to ...
Asian stocks mixed after China data deluge
November 11th, 2015
Asian stocks turned mixed on Wednesday following fresh economic data from China that largely met expectations. China’s fixed-asset investment (FAI) increased 10.2 percent in the January-October period compared with the year-earlier period, in line with expectations, slightly coming down from the ...
China allows direct trade of yuan with Swiss franc
November 10th, 2015
Move part of Beijing’s strategy to promote RMB as a global reserve currency alongside the dollar China‘s national foreign exchange market will introduce direct trading of the Swiss franc, the operator said on Monday, as the country pushes greater ...
HSBC hopes to leapfrog rivals with new China partnership
November 10th, 2015
HSBC to use JV to tap China’s onshore bond market Foreign rivals on restrictive licences have made little inroad HSBC will have full control of JV and broader licence Risk of rising defaults in slowing Chinese economy HSBC is ...
FSB publishes report on implementation and effects of the G20 financial regulatory reforms
November 10th, 2015
The Financial Stability Board (FSB) published today its first annual report to the G20 on the Implementation and effects of the G20 financial regulatory reforms. The report describes progress by FSB member jurisdictions in implementing the financial reforms agreed in ...
European stocks end lower as M&A hopes fade
November 10th, 2015
UniCredit may cut thousands of jobs; VW hit by downgrade European stocks finished lower Monday, hurt in part by disappointment over potential merger developments for InterContinental Hotels Group PLC and auto maker Renault SA. The Stoxx Europe 600 SXXP, -1.07% finished down ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Goldman’s BRIC Era Ends as Fund Folds After Years of Losses
November 9th, 2015
BRIC fund loses 21% in five years, leading to investor exodus Acronym-based investment strategy comes under greater scrutiny The BRIC era is coming to an end at Goldman Sachs Group Inc. The bank’s asset-management unit folded its money-losing BRIC ...
Nikkei, Shanghai outperform lackluster Asia
November 9th, 2015
Asian stocks diverged on Monday, with markets in China and Japan leaping to their highest levels since August 21 while other regional bourses wobbled after below-view trade figures released at the weekend from China. October exports fell 6.9 percent from a ...
