Search Results for: US Dollar
Russia Courts Foreign Banks as Funding Crunch Overtakes Politics
February 8th, 2016
Goldman, Citigroup among 20 foreign underwriters approached Allianz says Russia needs to tap Eurobond market this year Pressure is mounting on Russia to break the vow of abstinence on selling Eurobonds it has maintained since the U.S. and Europe ...
Swiss bank cooperates with US as 2 ex-bankers plead guilty
February 5th, 2016
Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. Before lawyers for ...
Russia is now China’s biggest oil partner — and it’s a huge problem for Saudi Arabia
February 4th, 2016
Saudi Arabia has long trumped Russia in the Chinese oil market. The Saudi share of Chinese crude imports at the beginning of the decade was about 20%, while Russia’s was below 7%, according to data cited by RBC Capital ...
Asia stocks follow US in sharp sell-off
February 3rd, 2016
Asian stocks traded sharply lower on Wednesday, after Wall Street sold off as much as 2 percent overnight amid a plunge in oil prices. Japan’s Nikkei 225 dropped 3.36 percent, while the Topix fell 3.46 percent. Across the Korean ...
Asia markets trade lower, focus on oil, earnings and central banks
February 2nd, 2016
Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble. Japan’s Nikkei 225 lost 114.55 points, or 0.64 percent, to close down at 17,750.68, while South Korea’s Kospi slipped ...
5 Ways To Turn Facebook Messenger Into Your Best Customer Service Tool
February 1st, 2016
A lot of your customers are on Facebook—and soon all of them will have the opportunity to message your business. According to Nielsen the Facebook messenger app was the fastest growing app of 2015. Your customers are on Facebook ...
Welcome To The Currency War, Part 21: Japan Goes Negative; US To Return Fire In 2016
February 1st, 2016
Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First the ECB promised new stimulus — which the markets liked — and then the BoJ upped the ante with ...
Russia holds key rate at 11% as economy lags
February 1st, 2016
Russia kept its interest rate steady on Friday but announced it wouldn’t rule out tightening monetary policy if inflation risks rise, after a month in which the ruble dropped to record lows as oil prices deteriorated. January marked a ...
The Illusion of Safety: Index Funds Are Not Low-Risk
January 29th, 2016
If the risk-on euphoria of punters borrowing billions of dollars in margin debt doesn’t materialize, stocks could languish for years after falling 50%. The financial service industry’s Prime Directive is to exploit humanity’s core drives of Greed and Fear. ...
Gold near 12-wk top as dollar slips ahead of Fed statement
January 27th, 2016
Fed expected to keep rates unchanged, cite gloomy global outlook Dollar weaker versus currency basket, Asian stocks subdued SPDR Gold holdings at highest since November Coming Up: Federal Reserve releases statement; 1900 GMT (Updates prices) Gold beamed near a ...
