Search Results for: Oman
West TX Oil Below $94 as Market Awaits Chinese Data
September 8th, 2014
Brent crude fell on Monday for a third day of losses even though Chinese trade data showed both better-than-expected exports and weak imports that might prompt help for the economy, but it remained below $101 a barrel after poor ...
Gold Steady Below $1270 on Weak Jobs Data
September 8th, 2014
Gold extended gains to a second session on Monday, boosted by a disappointing U.S. non-farm payrolls report that eased concerns about an early interest rate increase, with investors also eyeing developments in the Ukraine crisis. Spot gold had ticked ...
CySec warns of malicious sms
September 5th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued a warning announcement on misleading sms phone message. More precisely, the Chairwoman of the Cyprus Securities and Exchange Commission, Mrs. Demetra Kalogerou, submitted a formal complaint to the Police earlier today ...
Citi to pay $217,841 to settle OFAC violation liabilities
September 4th, 2014
Citigroup Inc (C.N) has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S. Department of Treasury said on Wednesday. Citi Penang, the bank’s ...
PwC must face $1 billion lawsuit over MF Global advice
August 28th, 2014
A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion (603 million pounds)lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by ...
JPMorgan and Other U.S. Banks Struck by Cyberattack
August 28th, 2014
JPMorgan Chase and a number of other United States banks, including at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people briefed on a continuing investigation into the crimes. The hackers ...
Wells chief warns on mortgage lending
August 27th, 2014
The chief executive of Wells Fargo has warned that the biggest US mortgage provider will avoid providing home loans to people with lower credit scores unless federal authorities reduce the threat that the banks will bear the costs for ...
The Rate Rise Timeline to Watch for Now – When will the Fed begin to raise rates?
August 27th, 2014
According to Rick Rieder, Fed Chair Yellen’s Jackson Hole comments, along with the recently released Fed minutes, clearly show we’re at the beginning of a very significant period of transition for Fed monetary policy. As market watchers dissect Federal ...
Russian food safety regulator shuts fifth McDonald’s restaurant
August 26th, 2014
Russia’s food safety watchdog has ordered the temporary closure of one of McDonald’s restaurants in Yekaterinburg in the Urals region, the fifth such closure in recent weeks, the fast food chain said on Tuesday. The restaurant was closed as ...
U.S. confident its $5 billion S&P lawsuit was not retaliation
August 26th, 2014
The United States, which is suing Standard & Poor’s for $5 billion over its credit ratings, said on Monday it is confident that documents the rating agency wants for its defense will not show that the lawsuit was filed ...
