Search Results for: Markets
Credit Agricole Targets Profit Above $5.5 Billion by 2016
March 20th, 2014
Credit Agricole SA, France’s third-largest bank, will seek to reach at least 4 billion euros ($5.5 billion) of annual net income by 2016 and build up capital as its main European markets emerge from recession. “We’ve deeply transformed our ...
Asia Stocks Drop on Fed; H-Share Index Near Bear Market
March 20th, 2014
Asian stocks fell, with a gauge of Chinese shares in Hong Kong poised to enter a bear market, after the Federal Reserve signaled it may raise U.S. interest rates from the middle of next year. Newcrest Mining Ltd. (NCM), ...
China And India Sign Agreement For Greater Cooperation In IT And Software; China To Help India With Infrastructure
March 19th, 2014
Two of the fastest growing markets in the world — India and China — have signed an agreement to work together in software, information technology and infrastructure, during the Strategic and Economic Dialogue, or SED, which began Tuesday in ...
Dollar Strengthens as Gold Declines Before Fed Decision
March 19th, 2014
The dollar gained against most major currencies and gold fell for a third day before the Federal Reserve decides monetary policy. The ruble strengthened for a fourth day and Russian stocks fell as the nation pushed on with the ...
Bank of England launches strategic plan
March 19th, 2014
The Bank of England today launched its Strategic Plan, following a six month exercise led by the Executive Committee of the Bank. The Plan, to be implemented over the next three years, provides an ambitious agenda to transform the ...
Dollar Gains as Stocks Fluctuate With Bonds Before Fed
March 19th, 2014
The dollar gained against most major currencies while Treasuries and German bunds fluctuated with European stocks before the Federal Reserve decides monetary policy. China’s yuan dropped to the lowest in 11 months amid concern that more companies will default ...
EU approves IASB funding with strings attached
March 19th, 2014
EUROPEAN POLITICIANS have voted to approve EU funding for the body that oversees the setting of global accounting standards, but with the proviso the funding could be pulled if it fails to meet certain conditions. The funds, which equate ...
FCA and Bank of England agree Memorandum
March 18th, 2014
The Financial Conduct Authority (FCA) and the Bank of England, including the Prudential Regulation Authority (PRA), have agreed a Memorandum of Understanding (MoU) that sets out how they co-operate with one another in relation to the supervision of markets ...
U.S. stocks with Russian exposure rally
March 18th, 2014
The USA’s exposure to Russia isn’t massive by any stretch, but it is increasing, thanks to a growing middle class in Europe that is snapping up U.S. products, such as cars, fast food, soda and snacks. That’s why any ...
‘Small’ Companies May Be Free of XBRL
March 18th, 2014
A bill with broad bipartisan support would apply to public companies with less than $250 million in revenue. It’s only an early step in the legislative process, but it’s looking good that “small” public companies won’t have to file ...
