Search Results for: SEC
SANAD issues $10 million loan to AlexBank in Egypt
July 15th, 2014
The SANAD Fund for MSME (SANAD) signed a $10 million senior loan contract with AlexBank. This loan, SANAD’s first in Egypt, will facilitate investment and working capital loans for up to 150 local businesses and enterprises. Wolfgang Reuss, Chairman ...
Yahoo earnings: All eyes on Alibaba
July 15th, 2014
This will not be the quarter Yahoo finally begins showing new signs of life, say analysts. But for investors, it won’t matter, because Tuesday’s earnings announcement is all about Chinese web portal Alibaba. Analysts expect flat earnings and revenue ...
China banks suspend controversial yuan remittance scheme
July 15th, 2014
Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country’s fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to launder money offshore through the scheme, the Wall Street Journal ...
Asian shares firm, count on Fed’s support
July 15th, 2014
Asian shares rose on Tuesday after Citigroup’s earnings and a fresh round of merger and acquisition activity in the U.S. healthcare industry lifted global share prices. Yet, with elevated stock prices on Wall Street and elsewhere relying substantially on ...
Brent Oil down near $107.50 on Renewed Supply Worries
July 14th, 2014
Brent oil bounced off of three-month lows on Monday to near $107 a barrel as the potential for renewed supply disruptions put a floor under prices that have been tumbling since the last week of June. Brent lost $2.01 ...
EUR and GBP Are Committed To CFTC Reports
July 14th, 2014
The world has been spoiled by the beautiful game for the past four weeks, and yesterday’s final, although not a classic, the most consistent team was crowned champion. Football was the winner along with sportsmanship. Can the markets now ...
India’s Market Regulator Warns Of Terrorism-Tainted Funds
July 14th, 2014
In a bid to prevent terrorist organizations from using Indian financial markets, Securities and Exchange Board of India, or SEBI, issued a directive to stock exchanges, depositories and other entities in the country, cautioning them against funds being funneled ...
Citigroup Said Poised to End Mortgage Probe With $7 Billion Deal
July 14th, 2014
Citigroup Inc. (C) and U.S. authorities will announce a $7 billion agreement as soon as today to end probes of the bank’s sales of mortgage-backed bonds, according to a person with direct knowledge of the matter. The deal, signed ...
Global fund managers face multi-asset skills shortage
July 14th, 2014
Global fund management firms are struggling with a skills shortage as the industry moves towards multi-asset investing in an attempt to improve returns, a study showed on Monday. With stock markets struggling to match the stellar gains of 2013, ...
European Stocks Advance With Asia as Gold, Oil Retreat
July 14th, 2014
European and Asian stocks advanced with U.S. equity-index futures after a gauge of global shares suffered its biggest weekly loss in three months. Gold fell from a four-month high, corn slid a 10th day and oil dropped as the ...
