Search Results for: Swiss National Bank
Europe Stocks Near Seven-Year High on ECB Stimulus After Greece
January 26th, 2015
European stocks traded near a seven-year high amid optimism about central-bank stimulus, while Greek shares dropped as opposition party Syriza won an election. The Stoxx Europe 600 Index slipped less than 0.1 percent to 370.20 at 2:50 p.m. in ...
FXCM Provides Business Update
January 26th, 2015
FXCM Inc. (NYSE:FXCM), released on January 23 an update on its business as well as a statement from Chief Executive Officer, Drew Niv, on FXCM’s month-to-date metrics along with the firm’s current plans to pay down its debt. Richard Handler, Chief Executive Officer, and Brian ...
Fifty suitors bid for remains of FX firm Alpari
January 26th, 2015
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and ...
Exness released: Compensation for negative account balances
January 23rd, 2015
Exness issued a press release responding to numerous appeals from traders in the aftermath of the Swiss franc’s “lift-off” on January 15: Remember that as a consequence of the abrupt increase the Swiss franc’s exchange rate relative to the ...
Gold atop $1,300 for the first time since August
January 21st, 2015
Investors are rushing back into gold, so much so that they pushed the price above $1,300 an ounce for the first time since August. In early electronic trading on Wednesday, gold for February delivery GCG5, +0.60% gained $9.10, or 0.7%, to $1,303.20 ...
DUKASCOPY on the SNB decision
January 20th, 2015
DUKASCOPY released on SNB decision and CHF accounts that: No Trade Cancellations, No Negative Balances Management of Dukascopy Group has decided to take an exceptional decision to cover negative balances on client accounts related to CHF move on SNB ...
Richest Russians Repatriate Assets After Putin Turns Tax Screw
January 20th, 2015
President Vladimir Putin is pushing harder on Russia’s richest citizens to repatriate offshore assets amid a slump in the ruble and the imposition of sanctions by the U.S. and the European Union. Under new tax rules signed into law ...
SNB president defends shock move: reaction ‘overdone’
January 19th, 2015
Reaction to the Swiss National Bank’s (SNB) scrapping of its cap on the value of the Swiss franc has been overdone, the bank’s president Thomas Jordan has said in a newspaper interview. “We see significant excesses in current exchange ...
Alpari Important announcement
January 19th, 2015
Alpari has issued an announcement saying that has not entered a formal insolvency process. The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has ...
Leucadia is investing $300 million in cash into FXCM to Permit FXCM to Continue
January 19th, 2015
Leucadia National Corporation (NYSE: LUK) and FXCM (NYSE: FXCM) announced that Leucadia would be providing $300 million in cash to FXCM and its subsidiaries (collectively “FXCM”) that will permit FXCM to meet its regulatory-capital requirements and continue normal operations ...
