Search Results for: IG Group
Carney’s Committee Diverges on Wage-Growth Confusion
August 18th, 2014
Mark Carney’s focus on weak wages to keep record-low borrowing costs is up against one key foe: the strongest economic growth in the Group of Seven. Minutes of the Monetary Policy Committee’s July meeting this week will show how ...
Bank Overseer PwC Faces Penalty and Sidelining of Regulatory Consulting Unit
August 18th, 2014
The giant consulting firm PricewaterhouseCoopers occupies a position of trust on Wall Street, acting as a shadow regulator of sorts that promises the government an impartial look inside the world’s biggest banks. But the firm – hired and paid ...
Deepening Gloom in Australia Poses Challenge to RBA
August 18th, 2014
A deepening gloom across the largest developed economy to escape recession during the global financial crisis is shaping up as one of the toughest challenges yet for Reserve Bank of Australia chief Glenn Stevens. While policy makers from the ...
US banks plan ahead for UK exit from EU
August 18th, 2014
Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU. People familiar with Bank of America, Citigroup and Morgan Stanley told the ...
Kinder Morgan deal at the centre of price fixing court battle
August 14th, 2014
Rich Kinder, the Kinder Morgan founder who on Sunday unveiled a $44bn consolidation of a family of companies to create the US’s third-largest energy company, owes no small part of his $10bn-plus personal fortune to a 2006 deal that ...
China Seen Taking Steps to Aid Growth After Credit Plunge
August 14th, 2014
China’s plunge in credit expansion last month and unexpected slowdown in investment spending flashed warnings on growth that investors and economists bet will spur policy makers to expand stimulus. Barclays is forecasting two second-half interest-rate cuts, while Australia & ...
Anti-Terrorism Trial of Mideast Bank Worries the Financial World
August 14th, 2014
The judge called it the Beirut account. It was a basic bank account at Arab Bank’s Al-Mazra branch in Beirut, Lebanon, unremarkable except for the name on the account: Osama Hamdan, a spokesman for the terrorist group Hamas. The ...
Failure of Private Deal Over Argentine Debt by Hedge Fund Holdouts
August 14th, 2014
Aurelius Capital Management announced that efforts to reach a deal with private parties in the wake of Argentina’s debt had collapsed. The firm is one of the hedge funds that has battled with Argentina over billions of dollars in ...
Audi faces penalty in China
August 13th, 2014
Volkswagen (VOWG_p.DE)’s premium auto unit Audi on Wednesday said it would accept a penalty and change management processes at one of its China units after a regional authority said it had discovered violations of anti-monopoly laws. “According to investigations ...
Goldman Sachs a final bidder for $1.6 billion Tokyo building
August 13th, 2014
A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen ($1.6 billion), said people familiar with the deal, which could be the biggest office ...
