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China stocks slump again in absence of government support; Hong Kong rebounds
August 25th, 2015
China stocks slumped about 4 percent on Tuesday, touching eight-month lows, as investors dumped shares after a grim “Black Monday” that battered global markets but failed to prompt fresh rescue measures from Beijing. After opening 6.4 percent lower, the ...
ISDA: SwapsInfo Second Quarter 2015 Review
August 24th, 2015
The ISDA SwapsInfo Quarterly Review provides analysis on interest rate derivatives (IRD) and credit default swap (CDS) index trading activity. The report provides a breakdown of publicly available data to analyze the impact of regulatory change on electronic and ...
Brent Crude Falls Below $45 for First Time Since 2009 on Surplus
August 24th, 2015
Oil in London slid below $45 a barrel for the first time since March 2009 on concerns Chinese demand is slowing just as supplies from the U.S. and Iran threaten to swell a global surplus. Brent futures fell as ...
Bundesbank: growth in the German economy could continue
August 24th, 2015
Following robust growth in the first two quarters of 2015, the Bundesbank‘s economists expect the German economy to continue its positive development.“The conditions are currently in place for fairly solid economic growth in the second half of 2015, fuelled ...
China’s Stocks Sink Most Since 2007 as State Intervention Fails
August 24th, 2015
China’s stocks plunged the most since 2007 as government support measures failed to allay investor concern that a slowdown in the world’s second-largest economy is deepening. The Shanghai Composite Index tumbled 8.5 percent to 3,209.91 at the close to ...
Saxo Bank looks to the future with the strength of a comfortable capital buffer as collateral deposits reach new highs
August 24th, 2015
Saxo Bank Group, in line with its guidance following the unexpected surge in the value of the Swiss franc in January 2015, has reported a net loss of DKK 485 million for the first six months of 2015. During ...
Bitcoin splits: Will it break, or be better than ever?
August 21st, 2015
With a market valued currently at more than $3 billion, and hundreds of millions invested in related technologies, a lot is riding on bitcoin. But the digital token some say could replace government-backed currencies is facing a crisis that ...
European Banks to Sell a Record $154 Billion of Loans, PwC Says
August 20th, 2015
European banks are set to divest a record 139 billion euros ($154 billion) of loans this year, led by the U.K., as the industry accelerates asset sales to meet new rules, according to PricewaterhouseCoopers LLP. Banks have offloaded 54.5 ...
The Technology Behind Bitcoin Could Replace Lawyers, Too
August 20th, 2015
Smart contracts promise to relieve businesses of the costs and lag-time of corporate legal work. This software-based change could affect services firms everywhere. Everyone has heard the hype about Bitcoin, but the real promise of the technology behind cryptocurrencies ...
Brokers in India requested to set a floor to brokerage rates but SEBI has rejected it
August 20th, 2015
Market regulator Securities and Exchange Board of India (Sebi) has rejected brokers’ request to set a floor to brokerage rates. Brokers are worried that cut-throat competition along with the entry of several discount brokerages in the market might be ...
