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Oil’s Drop Puts Spotlight on Saudi Arabia

August 25th, 2015 (0)
Some OPEC members call for renewed discussions within cartel about restraining production The plunge in global oil prices has eroded an important pillar of Saudi Arabia’s strategy of pumping freely to grab global market share: Demand growth that once ...

TechFinancials’ Trading Update August 2015 ahead of the Group’s Interim Results

August 21st, 2015 (0)
TechFinancials has issued a press release to inform about Group’s Trading Update for August 2015 ahead of the Group’s Interim Results for the six months ended 30 June 2015, which are expected to be announced in the second half ...

Bitcoin: A New Global Economy

August 17th, 2015 (0)
When BitPay was founded back in 2011, bitcoin was in its infancy. It was difficult to convert local currencies into bitcoin or to find retailers who would accept it as payment. In just a few years, so much has ...

Greek lawmakers back 3rd bailout after all-night debate

August 14th, 2015 (0)
Greek lawmakers approved their country’s draft third bailout in a parliamentary vote Friday that relied on opposition party support and saw the government coalition suffer significant dissent. The vote came after a marathon all-night session marked by procedural delays ...

China central bank tries to soothe global markets, says no basis for yuan to fall further

August 13th, 2015 (0)
China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As ...

China devalues yuan for third straight day taking fix to 4-year low

August 13th, 2015 (0)
China’s central bank continued to devalue the country’s currency for a third straight day, amid fears of a global currency war. On 13 August, the People’s Bank of China (PBoC) devalued the yuan by 1.1% to 6.4010 per US ...

Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations

August 12th, 2015 (0)
U.S. regulators could levy large fines over alleged wrongdoings Credit Suisse Group AG and Barclays PLC, two of the biggest operators of “dark pools,” have entered settlement negotiations with the New York attorney general and the Securities and Exchange Commission over allegations of ...

China About To Make History — Again

August 10th, 2015 (0)
Any discussion of China has to open with the now-widely-understood fact that the numbers it reports are not to be trusted. Knowing this makes it easy to dismiss claims of high and consistently-on-target GDP growth, for instance, as a ...

CFTC Charges New York Resident Gary Creagh and his Company

August 10th, 2015 (0)
CFTC Charges New York Resident Gary Creagh and his Company, Wall Street Pirate Management, LLC, with Making False Statements to the National Futures Association The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging ...

Gold stalls as US jobs data keeps door open to Sept Fed hike

August 10th, 2015 (0)
Gold had longest weekly losing streak since 1999 Any delay in rate hike expectations won’t fuel gold rally – HSBC (Adds analyst comment, updates prices) Gold steadied not far above a 5-1/2-year low on Monday, with a firm dollar ...
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