Search Results for: World Bank
Barclays chairman warns on FX regulation
July 4th, 2014
The foreign exchange market needs “fine tuning” rather than heavy handed reform, the chairman of Barclays argued on Thursday, as he unveiled a new compliance academy aimed at raising standards within the bank. Sir David Walker said that while ...
Direct won-yuan trading on the way
July 3rd, 2014
While North Korea is set to top the agenda at talks later today between Chinese President Xi Jinping and South Korean President Park Geun-hye, increasingly close bilateral economic relations won’t be far behind. There are two main items on ...
Most Emerging-Market Stocks Advance Before U.S. Payroll Report
July 3rd, 2014
Most emerging-market stocks rose, with the benchmark index holding near a 14-month high, before U.S. jobs data and a euro-area monetary-policy decision today. Anhui Conch Cement Co. (914), China’s largest producer, rose 5.1 percent in Hong Kong after saying ...
Silicon Valley venture capitalist Tim Draper wins bitcoin auction
July 3rd, 2014
Venture capitalist and entrepreneur Tim Draper is rolling in bitcoins after winning a U.S. government auction Monday. He bought 29,656 bitcoins — a new form of digital currency — from a trove that the government seized in a raid ...
Gouging the Gauchos
July 2nd, 2014
Like individuals, corporations, and other private firms that rely on bankruptcy procedures to reduce an excessive debt burden, countries sometimes need orderly debt restructuring or reduction. But the ongoing legal saga of Argentina’s fight with holdout creditors shows that ...
Emerging Stocks Advance as Oil Declines While Europe Stoc
June 30th, 2014
Emerging-market stocks rose, extending the biggest quarterly advance since September 2012. Shares in Europe fell, while oil declined as continuing violence in Iraq failed to disrupt supply. The MSCI Emerging Markets Index (BUSY) climbed 0.4 percent at 7:25 a.m. ...
Taking Systemic Risk Seriously
June 30th, 2014
There are two leading views about the world’s financial system. The first, heard mostly from executives at leading global banks and their allies, is that the system is safer than it has ever been. According to this view, the ...
BIS warns over ‘Euphoric’ capital markets
June 30th, 2014
The Bank for International Settlements (BIS) has warned that “euphoric” financial markets have become detached from the reality of a lingering post-crisis malaise, as it called for governments to ditch policies that risk stoking unsustainable asset booms. While the ...
Global M&A at seven-year high as big corporate deals return
June 30th, 2014
Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years. Corporate ...
Pimco runs risks in turning up the ‘vol’
June 27th, 2014
It was a tantalising introduction. Bill Gross, Pimco’s “Bond King” and founder of the world’s largest fixed income fund, promised to impart the secrets of his extraordinary success to an audience of financial advisers in Chicago. “I’ll be handing ...
