Search Results for: UBS AG
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
China’s insurer to launch $1 billion fintech and health care fund
May 8th, 2017
Ping An Insurance Group, China’s largest insurer by market value, is launching its first overseas fund to invest in financial technology (fintech) and health care tech worldwide. Headed by Jonathan Larsen, an 18-year veteran of Citigroup, who joins as ...
HKEX Announces Plan for Physically Settled CNH and US$ Gold Futures
May 8th, 2017
First of their kind gold futures contracts denominated in CNH and US$ and traded on the same platform Physical kilobar (1 kilogram) contract ideal for Asia After-hours as well as day trading (nearly 16 hours of trading per trading ...
Business cycles are credit cycles
May 7th, 2017
This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as originating in the private sector, when they are the consequence of fluctuations in credit. It ...
Societe Generale reports net income of EUR 747 million for Q1 2017
May 6th, 2017
Net banking income for the businesses of EUR 6,518m (+4.0% vs. Q1 16) driven by the growth in International Retail Banking & Financial Services and Global Banking & Investor Solutions. Book net banking income of EUR 6,474m, up +4.8% ...
Breaking: Saxo Bank announces new shareholder; Key shareholder to own 30% of Saxo Bank
May 5th, 2017
Saxo Bank, a leading multi-asset trading and investment specialist, has issued an announcement today to inform that Lars Seier Christensen, co-founder of Saxo, has received an offer and agreed to sell his stake of 25.71 per cent of the ...
Western Union reports revenue of $1.3 billion for Q1 2017
May 4th, 2017
The Western Union Company (NYSE: WU) today reported first quarter financial results and affirmed its outlook for 2017, which was previously provided on February 9, 2017. In the first quarter the Company generated revenue of $1.3 billion, which was ...
European markets get a lift from perceived Macron debate win
May 4th, 2017
European stocks got a lift Thursday after centrist French presidential candidate Emmanuel Macron was perceived to have gotten the better of the far-right’s Marine Le Pen in a debate and a survey showed economic growth in the 19-country eurozone ...
IG Group offers first retail IPO on its Investment Platform
May 4th, 2017
IG Group, a global leader in online trading and investing, is offering access to retail IPOs on its Investment Platform for the first time. IG launched the service today, with applications now open for the Global Ports Holding IPO. ...
Year 2018 will come with significant changes in the rules for systematic internalisers, MiFID II and MiFIR
May 3rd, 2017
On 3 January 2018, significant changes in the rules for systematic internalisers will enter into force together with the revised Markets in Financial Instruments Directive II (MiFID II) and Markets in Financial Instruments Regulation (MiFIR). While the directly applicable ...
