Search Results for: US economy
Sorry But This Is Not 1997 for the Market
March 16th, 2015
Several months ago I wrote of how super bull markets that last nine or ten years have been once in a generation situations, the last ones being those of the 1920’s and the 1990’s, but that there were enough ...
Swiss bank UBS settles currency-rigging claims for $135M
March 16th, 2015
Switzerland‘s largest bank, UBS, has agreed to pay $135 million to settle claims that it helped rig currency-exchange rates in a scheme involving some of the world’s biggest banks. The settlement announced Friday by the lead law firm in ...
Asian stock markets drift as investors await Fed meeting
March 16th, 2015
Most Asian stock markets drifted Monday as investors hunkered down ahead of a Federal Reserve meeting this week that may set the stage for the first U.S. interest rate hike since the global financial crisis. KEEPING SCORE: Japan’s benchmark ...
GFG Market Insight – Will Gold Go Below $1,000?
March 13th, 2015
In Brief: Gold’s charts suggest this precious metal may decline below $1,100 per ounce in the near-term. If this proves true and gold’s buyers fail to step up and support gold at those levels, gold appears poised to drop quickly below ...
Euro set to continue slide
March 13th, 2015
The Hague – Even though the euro’s downward spiral against the dollar was brought to a standstill on Wednesday and even somewhat reversed, doubts still linger about European Central Bank (ECB) president Mario Draghi‘s quantitative easing programme. This policy, ...
Global tax changes could undermine UK tax competitiveness
March 13th, 2015
Changes to the way international companies pay tax could undermine Britain’s tax competitiveness, EY survey of finance and tax professionals finds Impending changes to the way international companies pay tax could undermine government efforts to improve Britain’s tax competitiveness, research ...
Spain’s Banco Sabadell in Talks to Buy Britain’s TSB Group
March 12th, 2015
Spain’s Banco de Sabadell SA is in talks to buy British consumer lender TSB Banking Group Plc for 1.7 billion pounds ($2.5 billion), to expand outside an economy battered during Europe’s financial crisis. Sabadell, Spain’s fifth-biggest bank, is proposing ...
Bundesbank posts €2.95 billion profit in 2014
March 12th, 2015
The Deutsche Bundesbank posted a profit of €2.95 billion for the 2014 financial year, compared with €4.59 billion in 2013. The profit was transferred in full today to the Federal Government of Germany pursuant to section 27 number 2 of the Bundesbank Act ...
Low oil prices and supportive policy to drive recovery in Eurozone
March 12th, 2015
After a year of tentative recovery in 2014, the Eurozone has moved into 2015 aided by two important growth drivers – sharply lower oil prices and QE according to the March 2015 issue of the EY Eurozone Forecast (EEF). ...
Reserve Bank of New Zealand: OCR unchanged at 3.5 percent
March 12th, 2015
Statement issued by Reserve Bank Governor Graeme Wheeler: The Reserve Bank (RBNZ) today left the Official Cash Rate unchanged at 3.5 percent. Global financial conditions remain very accommodative, and are reflected in high equity prices and record low interest ...
