Search Results for: currency market
Strongest Dollar in 12 Years Sinks Stocks While Oil Slips
March 11th, 2015
The strongest dollar in nearly 12 years versus the euro and the specter of higher U.S. interest rates fueled a selloff in global equities that sent the Standard & Poor’s 500 Index down the most since Jan. 5. Oil ...
Phillip Boakes sentenced following FCA prosecution
March 9th, 2015
Following an FCA prosecution, Phillip Boakes was today sentenced at Southwark Crown Court to ten years’ imprisonment for defrauding investors of at least £3.5m, using false instruments and accepting deposits without authorisation. Boakes pleaded guilty to two counts of ...
ECB Buying Starts New Era for Bonds, Euro
March 9th, 2015
Currency heads toward parity with dollar; paying to hold debt The arrival of the European Central Bank’s huge bond-buying plan Monday is forcing investors to prepare for the once unthinkable: paying to hold debt issued by the eurozone’s one-time ...
Annual result of the Swiss National Bank for 2014
March 6th, 2015
The Swiss National Bank (SNB) is reporting a profit of CHF 38.3 billion for the year 2014 (2013: loss of CHF 9.1 billion). The profit on foreign currency positions amounted to CHF 34.5 billion. A valuation gain of CHF ...
European Stimulus Sparks Bond Blitz
March 5th, 2015
French utility GDF is the first company in over 14 years to issue euro bonds bearing no regular payments for investors Investors snapped up a half-billion euros of French utility bonds that will pay them no interest, a groundbreaking ...
Asia stocks slip, euro hits 11-year low before ECB
March 5th, 2015
Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday’s closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank‘s policy meeting. ...
Court upholds British challenge to ECB policy on clearing houses
March 4th, 2015
The European Union’s second-highest court has ruled the European Central Bank (ECB) was wrong to insist that euro clearing houses should be based in the single currency area, a policy Britain had challenged to defend its financial sector. Lawyers ...
ECB Glimpse of Cyprus Debt Shows Limits of Bank Cleanup
March 4th, 2015
There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. One banking crash, three and a half years of recession and an international bailout later, ...
Bank of England’s forex boss broke rules 20 times
March 4th, 2015
The sacked Bank of England official who failed to tell bosses about the possibility of foreign exchange benchmark manipulation also failed to act properly a score of other times, Mark Carney said yesterday. Martin Mallett lost his job as chief currency ...
Moscow Exchange launches USD/CAD and USD/TRL futures
March 3rd, 2015
Moscow Exchange issued a press release today informing that: From 3 March, Moscow Exchange has started trading in futures contracts on U.S. Dollar-Canadian Dollar and U.S. Dollar-Turkish Lira currency pairs. Metallinvestbank, the official market maker, will provide quotes for ...
