Search Results for: assets
Oil Advances to Six-Month High as U.S. Stockpiles Seen Falling
May 17th, 2016
Crude inventories forecast to decline by 3.5 million barrels Unplanned outages in Nigeria and Canada have cut global output Oil advanced to a seven-month high before U.S. government data forecast to show crude stockpiles dropped for a second week, ...
Hedge funds show best returns from Russian markets
May 16th, 2016
Russian assets have brought hedge fund managers 29 percent gains since the start of 2015, their highest revenues among emerging markets. The figure is eight times higher than the return on investments in China and 16 times greater than ...
Top Currency Traders Warn White House Race May Echo Brexit Chaos
May 16th, 2016
Campaign trail rhetoric foreshadows dollar volatility ahead Policies on trade, currency manipulation may weaken greenback Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged ...
Cryptocurrency Exchange Gatecoin confirms that lost $2 Mln in Hot Wallet Breach
May 16th, 2016
Gatecoin, the Hong Kong-based regulated and secure financial institution for blockchain assets has issued an official statement regarding the breach the firm experienced and lost 15% of our crypto-asset deposits. Below is the Gatecoin statement as it was published: ...
Deutsche Bank becomes latest currency dealer to lower its dollar forecast
May 13th, 2016
Deutsche Bank on Thursday became the latest major player in the global currency market to lower its expectations for the U.S. dollar. The call is a sign that Wall Street is coming around to the view that the Federal ...
Asian Shares Retreat Amid Earnings as Yen Gains; Oil, Won Drop
May 13th, 2016
Aussie pressured as CBA forecasts two more rate cuts this year Crude slips from six-month high as copper slides in Shanghai Asian stocks fell, set for a third weekly loss, as lackluster corporate earnings gave little cause for cheer ...
Macy’s Crushed By Amazon, Italian Banks Crushed By Euro
May 12th, 2016
This is a tale of changing environments and the organisms that are, as a result, dying off. First, consider the bricks and mortar retailers. Amazon, the dominant online seller of virtually everything, reports a spectacular quarter with soaring sales ...
Panama Papers law firm to take legal action over leak
May 12th, 2016
The law firm at the center of the Panama Papers scandal says it is filing suit against the International Consortium of Investigative Journalists (ICIJ) for the leak of information it says is false. The public gained its first access ...
Credit Suisse announces 1Q16 results
May 11th, 2016
Significant cost savings across the bank, and profitable growth and net asset inflows in APAC, IWM and Swiss UB. Stable capital position at 11.4% Highlights 1Q16 financial performance Group reported pre-tax loss of CHF 484 million (adjusted*: CHF 173 ...
Europe Stocks Rise for 2nd Day as Credit Suisse Leads Bank Gains
May 10th, 2016
Carmakers climb as China auto sales increased in April Pandora jumps on better-than-forecast profit, raised outlook European shares rebounded further as investors speculated a selloff that spurred their worst week since February was overdone, and Credit Suisse Group AG ...
