Search Results for: US Dollar
Washington proposes $7bn fine on Credit Suisse in mortgage claims
December 21st, 2016
The US Department of Justice (DOJ) has asked Credit Suisse to pay a $5 billion-$7 billion penalty over its sale of toxic mortgage securities in the wake of the 2008 financial crisis, Reuters reported. The Swiss bank has reportedly ...
Asian Equities Gain as Dow Hits Record, Oil Climbs: Markets Wrap
December 21st, 2016
Investors shrug off Europe terror events, eye U.S. economy Yen rebounds after weakening to lowest level since February Asian stocks followed advances in U.S. and European equities as the prospects of faster U.S. economic growth propelled markets toward the ...
Banking Giants Set to Invest in R3-Rival & Blockchain Startup Axoni
December 20th, 2016
US banking giants Goldman Sachs and JPMorgan Chase are leading a number of other financial institutions to invest in blockchain startup Axoni, a report has revealed. According to Reuters, the banks are looking to invest between $15 to $20 million in ...
Asian Shares Fall on Europe Turmoil; Yen Weakens After BOJ Move
December 20th, 2016
Japanese shares erased losses and the yen weakened after the Bank of Japan upgraded its assessment of the world’s second-largest economy. Gold retreated and treasuries dropped. Japan’s Topix index erased earlier declines after the central closed a tumultuous year ...
Fairfax Financial to Acquire Allied World for $4.9 Billion in Cash and Stock
December 19th, 2016
Cash and share offer with dividend for total value of $54.00 per Allied World share – $10.00 in cash and $44.00 in Fairfax Shares 18% premium to the last close per Allied World share Fairfax has the option to ...
European Stocks Hover Near 1-Year High, Set for 2nd Weekly Gain
December 16th, 2016
European stocks held steady after closing at their highest level since January on Thursday, heading for a second week of gains. The Stoxx Europe 600 Index rose less than 0.1 percent at 08:45 a.m. in London as gains in ...
European shares move towards 11-month high on stronger banks
December 15th, 2016
STOXX Europe 600 index up 0.2 pct Banks advance on Fed’s move, hints Precious metals miners among top fallers European shares rose on Thursday, helped by gains in global banks following the U.S. Federal Reserve’s interest rate hike overnight, ...
CME Group Open Interest Surpasses 120 Million Contracts for First Time in its History
December 15th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, announced it set a total open interest record of 120.7 million contracts on December 13, 2016, surpassing the previous record of 119.4 million contracts set on December 12, 2016. ...
Here Are Some of the Markets Making Big Moves After the Fed Announcement
December 15th, 2016
The Federal Reserve raised interest rates for the first time this year on the back of a stronger job market and increasing inflation expectations. While the move was expected, there was a surprise: new projections show central bankers now see ...
Pound to Euro Rate: Beware a Capitulation Lower
December 15th, 2016
The British Pound is recovering from recent lows against the Euro thanks to some better-than-forecast employment and earnings data but we hear from one leading analysts that the GBP/EUR could be destined to fall as low as 1.11 again. ...
