Search Results for: Global gold
Reynolds and Lorillard to reshape Big Tobacco with merger
July 11th, 2014
Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the three largest US operators with a combined market capitalisation of $56bn. The deal will ...
Asian stocks Mixed after China Trade Data
July 10th, 2014
Asian stocks outside Japan rebounded as China’s trade expanded, while the U.S. oil benchmark-contract slipped toward a record losing streak. European index futures were flat and gold was near a 3 1/2-month high. The MSCI Asia Pacific excluding Japan ...
DGCX to relist Indian Rupee Options contract on July 18th
July 9th, 2014
Dubai Gold and Commodities Exchange (DGCX) has announced the re-listing of its Indian Rupee Options contract. DGCX’s new advanced trading infrastructure, built in partnership with leading global financial technology provider Cinnober, will support trading in the options contract. The ...
Top banks face wait for detail of new buffer to protect against bailouts
July 8th, 2014
According to a global banking regulator, details of a new buffer of bonds to shield taxpayers from having to rescue a big bank won’t become clear for at least a year or more. Lenders like Goldman Sachs, Deutsche Bank ...
Hedge-Fund Hack Part of Bigger Siege: Cyber-Experts
June 23rd, 2014
The attack on a U.S. hedge fund’s network, which a cybersecurity contractor said last week disrupted the firm’s high-speed trading and stole its data, is but one among many. That is the assessment of more than a half-dozen computer ...
Emerging Markets: What Has Changed
June 20th, 2014
1) Russia continues to liberalize the currency and move to an inflation targeting regime 2) Political risk is rising in Poland 3) South Africa came under renewed rating downgrade pressures 4) The Chinese yuan’s one-way depreciating bet appears to ...
Bank of America instructs Shearman & Sterling disputes head for forex lawsuit
June 19th, 2014
Shearman & Sterling has landed a major advisory role for Bank of America on a sprawling US lawsuit over alleged rates rigging in the foreign exchange market. A filing earlier this month shows a New York-based group of Shearman ...
AMF Updates List of Unauthorised Binary Options Providers
June 18th, 2014
The Autorité des Marchés Financiers (AMF), warns the investors by publishing a new updated list of websites offering binary options trading, for which no authorised investment services provider could be clearly identified. The AMF is once again warning retail ...
Medtronic to buy Covidien for $42.9 billion, rebase in Ireland
June 16th, 2014
U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad. ...
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 ...
