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Global Banks report their results
August 4th, 2015
Commerzbank, Deutsche Bank, BNP Paribas, UBS AG, Mitsubishi UFJ Financial Group, Inc. and HSBC issued reports to inform public regarding interim results HSBC Holdings plc HSBC Holdings plc 2015 Interim Results – highlights Financial performance Reported profit before tax ...
Oman boosts oil production to record high in June
August 3rd, 2015
Oman has ramped up its oil production to a record high in June, adding to a global supply glut that has hit oil prices, as the Gulf Arab country compensates for the drop in its oil revenue. June production ...
Deloitte named a leader in global business consulting based on capabilities and strategies
August 3rd, 2015
For the fifth consecutive year, IDC has named Deloitte Consulting member firm practices and advisory businesses globally as a leader in worldwide and regional consulting capabilities and business strategies. “Deloitte is perceived to be the best at challenging corporate ...
Standard Chartered, Societe Generale are among four banks added to Forex Lawsuit by investors
August 3rd, 2015
Standard Chartered Plc and Societe Generale SA are among four banks added to a suit by investors claiming banks manipulated the $5.3 trillion a day foreign-exchange market. The investors filed a revised complaint Friday in which they broadened their ...
Bitcoin: The hottest game for Chinese gamblers
August 3rd, 2015
Bitcoin trading is the hottest game in China. The digital currency has been embraced by Chinese users who like to take a gamble: It’s all “about trading, about volatility, about making a profit — buy low, sell high,” said ...
Oil to hit low $30s by the end of 2015: Kilduff
July 31st, 2015
The prospect of oil prices falling below $40 receded earlier this year amid a crude rally, but with futures sliding again, investors shouldn’t rule out a three-handle, Again Capital founding partner John Kilduff said Thursday. “Christmas time we’ll probably ...
CME Group Inc. Reports Strong Second-Quarter 2015 Financial Results
July 30th, 2015
CME Group has issued a report to inform for the Second-Quarter 2015 Financial Results – Second-quarter 2015 revenues rose 12 percent to $820 million – Second-quarter 2015 adjusted net income attributable to CME Group of $320 million and adjusted ...
BNP Is Considering Its Biggest Bank Revamp Since the Crisis
July 30th, 2015
BNP Paribas SA is considering a reorganization of its securities unit that may bring the deepest cost cuts since the financial crisis. France’s largest bank enlisted Oliver Wyman and Boston Consulting Group to work on the revamp, dubbed “CIB ...
Snapshots of the Global Energy
July 29th, 2015
When the BP Statistical Review of World Energy is published each year, I skim through the figures and tables as a way of grounding myself in some basic facts. Here’s are a few things that caught my eye this year. Here’s ...
Interdealer broker Tullett Prebon acquired MOAB Oil broker and announced Financial Results
July 29th, 2015
Tullett Prebon plc (the “Company”) announced that it has acquired MOAB Oil, Inc. (“MOAB”) a leading independent broker of physical and financial instruments in the energy markets. MOAB’s expertise includes physical gasoline, gasoline blending components, oil product swaps, ethanol, ...