Search Results for: SIX
Citibank N.A. settles for being part of forex trading cartel
February 21st, 2017
Today, the Competition Commission has filed with the Competition Tribunal a settlement agreement reached with Citibank N.A. for being part of the forex trading cartel. The Commission found that from at least 2007, Citibank N.A. and its competitors had ...
Asia stocks consolidate recent gains; China shines
February 21st, 2017
Asian stocks held ground on Tuesday though Chinese equities surged to a fresh 2-1/2 month high as domestic funds piled into financial counters on expectations the world’s second biggest economy may have turned a corner. MSCI’s broadest index of ...
Oil prices creep higher, but overshadowed by U.S. supply
February 20th, 2017
Crude futures traded slightly higher on Monday, but the market struggled on signs that the U.S. oil production is on a steady uptrend, which could potentially thwart ongoing efforts by multiple oil producers to curb global supply. On the ...
A Seoul court has officially declared former shipping giant Hanjin bankrupt
February 18th, 2017
Embattled South Korean shipping giant Hanjin has finally been declared bankrupt. A South Korean court made the decision today that Hanjin Shipping, formerly the world’s seventh-largest container shipper, was officially bankrupt after ruling earlier in the month the firm’s ...
Uber just lost a crucial court ruling – which might push up the price of a fare
February 17th, 2017
So it turns out an Uber is actually a taxi – at least for tax purposes. That’s the upshot of a Federal Court judgment handed down on Friday. Uber had fought an 18-month battle to avoid GST, but will now ...
Asian Stocks Drop Even as Reflation Pullback Eases: Markets Wrap
February 17th, 2017
S&P 500 slips in New York trading, oil heads for weekly loss U.K. retail sales and U.S. leading index due on Friday Investors continued to step away from Asian equities at the end of the week even as a ...
Diebold Nixdorf and Air Bank bridge physical to digital cash access
February 15th, 2017
Air Bank, an emerging financial institution in the Czech Republic, is partnering with Diebold Nixdorf (NYSE: DBD), the global leader in driving connected commerce, based on its ability to innovate and deliver enhanced consumer experiences with the CS 2020 ...
International law firm sues eight partners who quit
February 14th, 2017
Herbert Smith Freehills has sued eight of the 10 partners who quit last year to launch White & Case in Australia. The case, filed at the Supreme Court of New South Wales, named Melbourne partners Andrew Clark, Joanne Draper, ...
Leading law firms pull away from Qatar
February 10th, 2017
Leading law firms pull away from Qatar Two of the world’s largest law firms are set to shut up shop in Qatar. Clifford Chance and Herbert Smith Freehills are both closing their offices in the region in the coming ...
Asian stocks rallied; Dollar headed for first weekly advance since December
February 10th, 2017
Dollar headed for first weekly advance since December S&P rose to record, Treasuries fell after tax cut promises Asian stocks rallied while the yen and government bonds slumped after U.S. President Donald Trump promised a plan to overhaul business ...
