Search Results for: UBS
LSEG to acquire leading providers of fixed income indices
June 1st, 2017
LSEG to acquire The Yield Book and Citi Fixed Income Indices from Citi, including the World Government Bond Index (WGBI), for total cash consideration of $685 million (£535 million) subject to customary adjustments The Yield Book and Citi Fixed ...
Oil falls as rising Libyan, U.S. output undermines cuts
May 31st, 2017
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. Brent crude futures LCOc1, the international benchmark for oil prices, were ...
Bitcoin move over – there’s a new kid on the blockchain
May 30th, 2017
The digital currency bitcoin has broken new records – surging by more than 245 per cent since the start of the year. In just five months, the price of one bitcoin rose from $1,331 to its all-time-high of $3,894 ...
Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions
May 30th, 2017
The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas ...
Oil dips as ongoing glut outweighs strong start to summer driving
May 30th, 2017
A run by U.S. oil prices toward $50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season. U.S. West Texas Intermediate (WTI) crude ...
Legal & General choose Dublin for new European hub
May 29th, 2017
UK insurance giant Legal & General has picked Dublin as the European base for its investment management arm, the Irish Independent reports. A LGIM spokesman confirmed the decision to the paper yesterday, with strong indications that more units of the ...
Debts, Bastiat and modern economics
May 26th, 2017
Debts, Bastiat and modern economics There is a well-worn conundrum told about a stranger, who walks into the hotel in a remote, sleepy village in Mexico, and reserves a room for the night, paying 1,000 pesos in advance. The ...
Pound to Euro Exchange Rate Melts
May 26th, 2017
Reference rates: Pound to Euro exchange rate: 1 GBP = 1.1467, day’s best: 1.1551, low: 1.1459 Euro to Pound Sterling exchange rate: 0.8720, day’s best: 0.8726, low: 0.8657 Pound Sterling is the worst-performing currency amongst the world’s top twenty ...
BT chief Gavin Patterson suffers multi-million pay cut following accounting scandal
May 26th, 2017
BT has dramatically cut chief executive Gavin Patterson’s pay, as the telecoms giant struggles to recover from a damning accounting scandal in its Italian business that caused it to issue a profit warning and sent shares tumbling. According to ...
What is the FX Global Code?
May 25th, 2017
The FX Global Code (Global Code) is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign ...
