Search Results for: US
Can Investment Save Europe?
August 1st, 2014
Economic growth in Europe remains disappointing. Virtually all European Union members are expected to post higher output in 2014; but, according to the International Monetary Fund’s latest projections, the average growth rate in the eurozone will barely exceed 1%. ...
CFPB rules U.S. banks on $30 Billion in excess fees
August 1st, 2014
The $30 billion banks collect in overdraft fees each year may shrink as the U.S. Consumer Financial Protection Bureau imposes rules aimed at shielding customers from harm. The agency, which issued a study on the fees yesterday, is also ...
Simmons enters South Africa with Fasken Martineau alliance
August 1st, 2014
Simmons & Simmons has gained a South African presence by allying with Canadian firm Fasken Martineau’s recently-acquired Johannesburg operation. Fasken Martineau merged with the 76-lawyer Johannesburg-based Bell Dewar in February 2013, which brought in expertise in mining, infrastructure, energy, ...
Danske Bank Reprimanded by FSA for underestimating Risk of Loans
August 1st, 2014
Denmark’s financial regulator reprimanded Danske Bank A/S for underestimating the risk of losses in a part of its retail lending business. Denmark’s biggest lender couldn’t prove a group of consumer debt assets deserved a lower risk weighting than other ...
S&P 500 index reports worst downfall since April; indexes down for July
August 1st, 2014
The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected. Data ...
InstaForex announces partnership with Barclays Premier League runner-up
August 1st, 2014
InstaForex, and legendary Liverpool Football Club announced a two-year partnership today that will run until the end of the 2015/16 season. InstaForex will become the Official Online Forex and Binary Options Trading Partner in Asia and the Commonwealth of ...
Asia stocks sideswiped by Wall St, but China motors on
August 1st, 2014
Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs. In a promising omen for world ...
Dollar heads for third weekly gain on economic outlook
August 1st, 2014
The dollar headed for a third weekly gain versus the euro, the longest stretch in two months, as signs of a sustained U.S. recovery boost speculation the Federal Reserve is moving toward raising interest rates. The Bloomberg Dollar Spot ...
Canada’s Dollar Touches 7-Week Low on Growth Concern
August 1st, 2014
Canada’s dollar touched the weakest level in almost two months as data showing the economy expanded in May failed to damp concern growth is lagging behind that of the U.S., its largest trading partner. The currency later erased losses ...
Pound Posts Biggest Monthly Decline Since May 2013
August 1st, 2014
The pound posted its biggest monthly decline against the dollar since May 2013 as signs of growth in the U.S. economy boosted expectations for higher Federal Reserve interest rates. Sterling fell to a seven-week low versus the greenback as ...
