Former Deutsche Bank Salesman Admits Bribery in Tokyo
April 22nd, 2014
Former Deutsche Bank AG (DBK) salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients. At the start of his ...
Goldman, Client Trade Lawsuits Over Singapore Stock Rout
April 14th, 2014
Goldman Sachs Group Inc. (GS) and Lynne Ng Su Ling, an independent director at LionGold Corp., traded lawsuits in London over payment demands after shares owned by Ng and held by the bank as debt collateral plunged in an ...
Exclusive: SEC eyes test that may lead to shift away from ‘dark pools’
April 11th, 2014
U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as “dark pools” that critics say may be hurting investors by reducing the quality of ...
USD/CAD Daily Analysis – March 27, 2014
March 27th, 2014
USD/CAD broke below 1.1150 support and reached as low as 1.1080, indicating the uptrend from 1.1025 had completed. Deeper decline could be expected and next target would be at 1.1000 area. Resistance is at 1.1150, as long as this ...
Next’s profits set to overtake Marks & Spencer after 12% annual rise
March 21st, 2014
The decline of Marks & Spencer was again brutally underlined on Thursday when Next reported soaring profits that are almost certain to have beaten its venerable high street rival for the first time. After bets on “braver” fashion and ...
Credit Agricole Targets Profit Above $5.5 Billion by 2016
March 20th, 2014
Credit Agricole SA, France’s third-largest bank, will seek to reach at least 4 billion euros ($5.5 billion) of annual net income by 2016 and build up capital as its main European markets emerge from recession. “We’ve deeply transformed our ...
Dollar Strengthens as Gold Declines Before Fed Decision
March 19th, 2014
The dollar gained against most major currencies and gold fell for a third day before the Federal Reserve decides monetary policy. The ruble strengthened for a fourth day and Russian stocks fell as the nation pushed on with the ...
Investigation for possible manipulation of the foreign market in UK
March 13th, 2014
Bank of England, the UK’s central Bank has appointed a well experienced commercial lawyer to lead investigation focus on whether any Bank officials, was involved in attempted or actual manipulation of the foreign exchange market, the sharing of confidential client ...
Silver: Silver extends its gains in the Asian trading hours
March 12th, 2014
Silver prices rose 0.21% to USD 20.90 per ounce during the 24 hours ending 23:00GMT, taking cues from gold as well as mirroring broad gains in the prices of industrial metals. In the Asian session, at GMT0400, Silver is ...
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March 7th, 2014
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