Search Results for: dollar
Saudi Arabia: Could This Spark a Stock Market Crash in 2016?
January 4th, 2016
Saudi Arabia’s Budget Woes Could Trigger Economic Collapse in 2016 The collapse of oil prices to below $37.00 per barrel, compared to $56.00 last January, has sunk Saudi Arabia’s accounts and hurt its budget expectations. According to the 2015 ...
Moscow Exchange Indices Monthly Review: December 2015
January 4th, 2016
In December, Moscow Exchange”s Indices reflected the negative trend on the Russian stock market. The MICEX Index was down 0.55% to 1,761.36 (from 1,771.05 on 30 November), while the dollar-denominated RTS Index fell 10.63% to 757.04 (from 847.10). More ...
Hedge Funds Keep Losing — And Closing — And Why It Matters
January 4th, 2016
Unmanageable Money, Part 2: Hedge Funds Keep Losing — And Closing — And Why It Matters How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is ...
Oil surges on Saudi Arabia, Iran tensions
January 4th, 2016
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian manufacturing data kept a lid on bullish expectations. Saudi Arabia, ...
BGC Partners Updates Its Outlook for the Fourth Quarter of 2015
January 4th, 2016
GFI Groups’ Results Will Be Consolidated with Those of BGC BGC Partners announced that it has updated its outlook for the quarter ending December 31, 2015. The results will include the consolidation of those for BGC’s majority-owned division, GFI Group Inc. (OTC: GFIG) ...
Chinese markets halt trading for day after shares plunge
January 4th, 2016
Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the slowdown of the mainland’s economy. The Shanghai Composite tumbled 6.85 percent ...
Asia trades mixed, ASX sheds 2% for the year
December 31st, 2015
Asian markets were treading water on the final trading day of 2015, with investors eyeing oil prices for further clues after a turbulent year for stocks. The Australian market, which closed early, shed over 2 percent for the year ...
Apple ‘to pay €318m’ to settle Italy tax fraud case
December 30th, 2015
Apple’s Italian subsidiary has agreed to pay €318m (£235m; $348m) following an investigation into tax fraud allegations, Italy’s tax office says. Italy’s tax authorities say the company failed to pay €880m in tax between 2008 and 2013, according to ...
Global growth will be disappointing in 2016: IMF’s Lagarde
December 30th, 2015
Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director ...
Pound Outlook Darkens on Brexit Referendum With BOE Stuck on Launchpad
December 30th, 2015
Sterling will fall to $1.41 by September 2016, SocGen says Fragile global economy, ‘Brexit’ may keep BOE from liftoff The odds are stacking up against the pound for 2016. With growth slowing and the potential for a referendum on ...
