Search Results for: US economy
Sydney Yuan Hub Seen Saving Importers 7% in Trading: Currencies
November 17th, 2014
Australian importers are in line for a windfall as speculation grows that Chinese President Xi Jinping will use his visit to the country this week to anoint Sydney as a yuan trading center. The ability to exchange Australian dollars ...
Iraq and Kurds Reach Deal on Oil Exports and Budget Payments
November 14th, 2014
Iraq’s central government and the autonomous region of Kurdistan reached an interim agreement on Thursday over oil exports and budget payments, at least temporarily easing a bitter dispute that has threatened the government’s stability. The standoff began earlier this ...
Bubble Bobble – blowing and bursting bubbles
November 14th, 2014
Those of you that grew up in the mid 80’s might remember the pre-internet/smartphone era when playing electronic games involved leaving your home and physically going to an amusement park or arcade. This usually meant having to put metal ...
Labour vows to double fines on tax avoidance
November 14th, 2014
THE LABOUR Party yesterday pledged to double the fines on people who aggressively avoided tax, if it won the next election. Shadow chancellor Ed Balls said this would be a “tough and genuine deterrent”. Balls said Labour had supported ...
China Stocks Fall on Last Day Before Link Start as Brokers Drop
November 14th, 2014
Chinese stocks fell on the last trading day before the start of the trading link between Hong Kong and Shanghai amid concern recent rallies were excessive. China Communications Construction Co. (601800) and ChinaCAMC Engineering Co. led declines for industrial companies with losses of more than 3 ...
Gold Heads for Weekly Loss as SPDR Assets Extend Drop, Oil Slips
November 14th, 2014
Gold headed for a weekly decline as investors assessed the timing of higher U.S. borrowing costs amid slumping energy prices, with assets in the SPDR Gold Trust posting the longest period of decrease since May 2013. Bullion for immediate ...
Gold Demand in China Slumps 37% Amid Drive to Root Out Graft
November 13th, 2014
Gold demand in China shrank for a third quarter as slumping prices failed to boost the purchases of bars, coins and jewelry in the world’s biggest user and officials pressed on with a nationwide anti-graft campaign. Buying by Asia’s largest economy ...
BNP Paribas: The five ways Bitcoin can shake up the financial services world
November 12th, 2014
Bitcoin could become a market-leading technology that will change the way financial systems are engineered says BNP Paribas, in an analysis of the potential disruptive impact of the crypto-currency on banking and asset servicing. In an article for the ...
U.S. and China Reach Deal on Climate Change after Months of Talk
November 12th, 2014
China and the United States made common cause on Wednesday against the threat of climate change, staking out an ambitious joint plan to curb carbon emissions as a way to spur nations around the world to make their own cuts in ...
Japanese stocks soar to seven-year peak on tax-hike delay talk
November 12th, 2014
Japanese stocks scaled seven-year highs on Wednesday, putting the rest of Asia in the shade, buoyed by expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile economic recovery. MSCI’s broadest index ...
