Search Results for: Société Générale
OPEC Agrees to First Oil Output Cut in Eight Years
September 29th, 2016
Oil club to cut output to as low as 32.5 million barrels a day Deal indicates Saudi Arabia and Iran resolved some differences OPEC agreed to the outline of a deal that will cut production for the first time ...
French government indicates will reclaim SocGen tax deduction if trader wins case
September 23rd, 2016
The French government indicated on Friday it would reclaim a 2.2 billion euro ($2.46 billion) tax deduction from Societe Generale (SOGN.PA) if an appeal court rules ex-trader Jerome Kerviel should not have to pay damages for losses he caused. ...
Deloitte is being sued after failing to flag up more than $200 million of money laundering
August 25th, 2016
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to flag up money laundering at a now-defunct Lebanese bank. Lebanese Canadian Bank paid over $100 million, or £76 million, ...
World Gold Council, LME and key market participants to launch LMEprecious
August 9th, 2016
The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, today announce their intention to introduce a suite of exchange-traded and centrally-cleared precious metals products. ...
Shale Drillers Add Oil Rigs for Longest Streak in a Year
August 8th, 2016
Permian Basin oil rigs rise by 5, Eagle Ford adds 4 rigs U.S. oil producers bring back rigs for sixth consecutive week U.S. oil drillers added rigs for the sixth-straight week, marking the longest period of expansion in a ...
Europe eyes lackluster open; bank earnings in focus
August 3rd, 2016
European stocks traded slightly lower on Wednesday but banking stocks, thanks to results from HSBC and Societe Generale, rallied as investors digest some more earnings and a fall in the oil price. The pan-European STOXX 600 was down 0.28 percent. Banks in ...
Europe expected to retreat at open
August 2nd, 2016
European stocks were lower in morning trade Tuesday, dragged down by banking shares as worries about the health of the region’s lenders continued to weigh on sentiment. The pan-European STOXX 600 was down 0.71 percent. The banking sector was once again ...
Asian Stocks Extend Rally on China Data as Yen Drops With Gold
July 15th, 2016
Japan’s currency set for biggest weekly drop in 17 years China’s economic growth stabilized in second quarter Asian stocks rose for a fifth day and South Korea’s won strengthened as Chinese economic data beat estimates amid an upbeat start ...
Italy may trigger collapse of European economy
July 11th, 2016
No emergency measures of either the European Central Bank or any other central banks can rescue the European banking system that currently stands on the verge of collapse. The shares of Europe’s largest financial institutions – Deutsche Bank and ...
Oil Trims Weekly Drop as U.S. Production Falls Most Since 2013
July 8th, 2016
U.S output fell 2.3%, stockpiles slide 7th week, EIA reports Stockpile decline was less than forecast, API report Oil trimmed its biggest weekly decline in five months as investors weighed the largest drop in U.S. output since 2013 against ...
