Search Results for: US Dollar
Deutsche Bank Is Said to Begin Companywide Hiring Freeze
October 14th, 2016
Deutsche Bank has instituted a company wide hiring freeze as the embattled lender looks to speed up efforts to reduce costs and regain the confidence of investors as concerns mount about the progress of its turnaround, according to a person ...
World’s First Publicly-Traded Law Firm Facing Securities Class Action
October 14th, 2016
There’s a cautionary tale playing out in Australia over what can happen when law firms take money from outside investors, something that’s still prohibited here in the U.S. Slater & Gordon became the world’s first publicly-traded law firm back in 2007, ...
Yuan Set for Biggest Weekly Drop Since January as Pressures Rise
October 14th, 2016
Decline in exports supports case for further depreciation: ANZ Chinese currency retreats as dollar climbs on Fed rate bets China’s yuan headed for the biggest weekly decline since January as mainland markets returned from holidays to face intensified depreciation ...
Lloyds Banking Group to introduce new state of the art fraud prevention technology
October 13th, 2016
Lloyds Banking Group is set to become the first organisation in Europe to introduce new state of the art fraud prevention technology, helping protect its 30 million customers from telephone fraudsters.The patented Phoneprinting™ technology, developed by call centre fraud ...
Facebook faces $5bn tax charge over Ireland asset transfer
October 13th, 2016
Social media giant Facebook could have to pay up to $5bn in additional taxes as a result of an Internal Revenue Service (IRS) investigation challenging the way in which it accounted for the transfer of assets to its Irish ...
Asian Stocks Fall on U.S. Rate Outlook, Samsung as Pound Jumps
October 12th, 2016
Sterling snaps drop with Parliament to discuss Brexit plan Oil below $51 amid doubts over Russia’s stance on OPEC deal Asia stocks dropped for a fourth day as investors fretted about the prospect of U.S. interest-rate hikes and Samsung ...
Oil price falls back from one-year highs, hit by OPEC deal concerns
October 11th, 2016
Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world’s largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil. Oil prices jumped as ...
World Gone Mad, Part 2: “Perpetual Preferred”
October 10th, 2016
Towards the end of a credit bubble, ideas that might have seemed crazy in more boring times are not just accepted but embraced by investors desperate to keep the high that comes from effortless bull-market profits. In the junk ...
Dubai to overtake London as top pick for wealthy GCC investors
October 10th, 2016
Dubai’s property market is set to overtake the international destinations of London, New York and Singapore as the top choice for the GCC’s wealthiest investors next year, a report has found. The region’s high net worth individuals ($1m-plus) ranked ...
China’s yuan sinks to six-year low, then erases losses
October 10th, 2016
China’s yuan fell to its lowest level in six years early Monday, breaching a key psychological threshold, before erasing the losses on the first day of trading after a week-long holiday. Traders said the weakening of the yuan CNY=CFXS reflected strength ...
