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Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion

February 5th, 2015 (0)
The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 ...

Euronext announces monthly trading volumes for January 2015

February 5th, 2015 (0)
Amsterdam, Brussels, Lisbon, London and Paris – 4 February 2015 Euronext, the leading exchange in the Eurozone, today announced trading volumes for January 2015. The January 2015 average daily transaction value on the Euronext cash order book stood at ...

BGC Extends All-Cash Tender Offer to Acquire GFI GROUP

February 5th, 2015 (0)
BGC Extends All-Cash Tender Offer to Acquire GFI GROUP for $6.10 per share to February 19 Including Shares Owned by BGC, Stockholders Representing Approximately 70% of GFI’s Shares Not Owned by Executives and/or Directors Supported Proposed Transaction  Only an ...

Markets mixed as oil plunge resumes

February 5th, 2015 (0)
US stocks pulled back on Wednesday on the backdrop of resumed slide in oil prices and news that European Central Bank will no longer accept Greek bonds as collateral. Energy, utilities and health-care stocks led the losses, with six ...

UBS Faces a New Tax-Evasion Probe

February 5th, 2015 (0)
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash Federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments largely banned in the U.S., according to people familiar with ...

ICAP to fight €14.9m Brussels fine

February 5th, 2015 (0)
ICAP is to fight a €14.9m fine imposed on it by European antitrust authorities for aiding a cartel in the yen swaps markets as Brussels formally closed a portion of its long-running probe into rate manipulation. The UK interdealer broker ...

Yanis Varoufakis expresses surprise at free market endorsement

February 5th, 2015 (0)
Here’s why Adam Smith Institute agrees with Syriza The world’s most interesting finance minister has expressed his surprise at being backed one of Britain’s leading free-market think-tanks. Yanis Varoufakis, the man appointed by Greece’s radical left wing party Syriza ...

UK SMEs lack processes required to eradicate late payments, reveals Neopost survey

February 5th, 2015 (0)
New research from Neopost UK has found that – even though invoices make up nearly a third (31%) of all SMEs outgoing communications – the majority of the UK’s smaller firms are struggling to manage their invoicing processes in ...

Asia stocks, euro hit as ECB takes hard line on Greek debt

February 5th, 2015 (0)
Asian stocks were mostly lower and the euro slipped on Thursday after the European Central Bank said it would not accept Greek bonds as collateral – a robust early response to Athens’s efforts to renegotiate bailout terms with creditors. ...

Merkel Says Greek Diplomatic Offensive Is Failing

February 5th, 2015 (0)
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
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