Search Results for: economy
Cypriot firm launches legal action against EU over ‘bail-in’
July 23rd, 2014
Cypriot firm Dr K Chrysostomides & Co has filed a lawsuit against the EU on behalf of 51 claimants seeking compensation for losses suffered when Cyprus agreed to a ‘bail-in’ on two Cypriot banks. The case, filed before the ...
Bank of England unease grows despite keeping rates at 0.5%
July 23rd, 2014
Bank of England policymakers are growing increasingly uneasy at leaving interest rates at a record low of 0.5%, minutes of their latest meeting revealed. The public record of the July meeting of the Bank’s monetary policy committee (MPC) showed ...
Russian Billionaires Have Lost More Than $14B Since January
July 23rd, 2014
Russia’s wealthiest have lost billions of dollars since the beginning of the year, as Western sanctions against the country over its involvement in Ukraine continue tightening their grip over the weak economy. Russia’s 19 billionaires have lost $14.5 billion ...
China’s Debt, At 250% Of GDP And Rising, Flashes Warning Signs
July 23rd, 2014
China’s debt has swelled to more than 2 1/2 times the size of its economy, a sign Beijing will face difficulties as it seeks to expand, triggering to a financial crisis. The world’s second-largest economy in June reached a ...
Watch what markets don’t do as world politics turns nasty
July 23rd, 2014
Like so much in the investment world of late, it’s what financial markets are not doing right now that is most intriguing. Over the course of the past month, conflicts, superpower standoffs and economic sanctions have flared in ...
Japanese Government Cuts 2014 Economic Growth Forecast
July 22nd, 2014
The government on Tuesday cut its forecast for Japan’s economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike, the first in 17 years, may ...
Saudi Arabian stock market to open to foreign investors
July 22nd, 2014
Saudi Arabia’s stock market will open up to foreign investors for the first time, the country has announced. The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index in early ...
The Real Reason Banks Don’t Like Bitcoin
July 22nd, 2014
Banks are reluctant to work with bitcoin, that fact has been well known in the community for some time. Until now, though, few concrete reasons have been given as to why. New statements from a senior banking practitioner in ...
Technical Analysis Gold Stable Ahead of Key US Data
July 22nd, 2014
Gold has edged lower on Tuesday, as the spot price stands at $1306.09 per ounce in the European session. On the release front, it’s a busy day in the US, highlighted by Core CPI and Existing Home Sales, the ...
National Bank of Bahrain net profit up 7.4 per cent to BHD 28.74 million
July 22nd, 2014
The Bank recorded a Net Profit of BHD 28.74 million ($76.44 million) for the six months ended 30 June 2014 compared to BHD 26.77 million ($71.20 million) for the corresponding period of the previous year, an increase of 7.4 ...
