Search Results for: UBS
Brent Oil Steady at $106 on Ample Supply
August 1st, 2014
Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. Analysts expect global production to exceed demand this year, ...
Questions raised after India Blocks WTO Trade Deal
August 1st, 2014
Several member states of the World Trade Organisation voiced frustration after India’s demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades. WTO ministers had already agreed the ...
LinkedIn shares advance 10%
August 1st, 2014
Shares in LinkedIn LNKD rallied 10% in late trading Thursday after the professional networking service reported adjusted profit and sales that blew past estimates, fueled by growth in its recruiting and premium subscriptions business. LinkedIn swung to a $934,000, ...
CFTC Says Flexibility essential to Oversee Cross-Border Swaps
July 31st, 2014
U.S. regulators need flexibility in overseeing cross-border swaps, a lawyer for the Commodity Futures Trading Commission told a federal judge as he defended the agency’s reliance on guidance rather than formal rules in a lawsuit brought by Wall Street’s ...
Technical Analysis GBP/USD tries to find support at 1.69
July 31st, 2014
Technical Analysis GBP/USD for July 31, 2014 Pair’s Outlook There still seems to be a small chance for the Sterling to avoid further depreciation, as it is currently facing a number of strong supports. Apart from a long-term rising ...
Bank of America Hit With $1.3 Billion Penalty for Mortgage Fraud
July 31st, 2014
Bank of America was hit with almost $1.3 billion in civil penalties Wednesday for a housing meltdown scam run by a subsidiary that a jury found intentionally sold bad mortgages to Freddie Mac and Fannie Mae. Bank of America ...
Australia 200 – Surges Through 5600 to New High
July 31st, 2014
Australia 200 for Thursday, July 31, 2014 The Australia 200 Index is presently on quite a roll as it has enjoyed a solid three week period which has seen it move strongly up through both the 5500 and 5550 ...
Banco Espírito Santo reports a loss of €3.6 Billion
July 31st, 2014
Banco Espírito Santo on Wednesday reported a first-half loss of €3.58 billion (or $4.8 billion), the largest ever for a Portuguese institution, wiping out the bank’s €2.1 billion capital cushion and forcing it to raise new funding. The loss ...
U.S. economy advances in second quarter
July 30th, 2014
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 ...
Barclays gains Profit But Investment Banking Revenue declines
July 30th, 2014
Barclays said on Wednesday that it had swung to a profit in the second quarter, but that it was hurt by lower revenue in its investment banking unit and by higher provisions for improperly sold insurance. The British bank ...
