Search Results for: economy
Argentina asks U.S. judge to put debt payment order on hold
July 22nd, 2014
Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country’s 2002 default, while it seeks a “global resolution.” Ahead of a ...
Markets to Remain Concerned over China’s Debt
July 22nd, 2014
China’s debt has soared to two and a half times its economy, Standard Chartered estimates, highlighting the difficulties Beijing faces in balancing growth with the risk of bubbles forming in its economy. Total financial credit has surged to 251 ...
Gold Posts Slight Gains on Ukraine Plane Crash, Gaza Hostilites
July 21st, 2014
Gold prices have moved slightly higher on Monday, as fighting rages in Gaza and tensions increase in Ukraine. In the European session, the spot price stands at $1316.03 per ounce. On the release front, there are no US releases ...
Russian Billionaires in ‘Horror’ as Putin Risks Isolation
July 21st, 2014
Russia’s richest businessmen are increasingly frantic that President Vladimir Putin’s policies in Ukraine will lead to crippling sanctions and are too scared of reprisal to say so publicly, billionaires and analysts said. If Putin doesn’t move to end the ...
Policymakers warned of persistent risks as accountancy bodies publish five-year “healthy check” of the global economic recovery
July 21st, 2014
Threats to long term economic stability remain as countries recover from the global economic crisis, according to a five year review of finance professionals’ economic insights. Any recovery may also be limited to just a few “islands of financial ...
CBC «Investment Funds Statistics» Publication
July 21st, 2014
The Central Bank of Cyprus (CBC) releases today for the first time the quarterly publication “Investment Funds Statistics”, which provides statistical aggregated data concerning Investment Funds (IFs). The data is compiled by the Statistics Department of the CBC, based ...
UAB announces net profit of AED 328 million for H1 2014
July 21st, 2014
UAB, recently recognized as the fastest growing bank in the region, announces a net profit of AED 328 million for the first six months of the year, an increase of 26 per cent over H1 2013. Sheikh Faisal Bin ...
IMF’s Lagarde warns on ‘upbeat’ Europe markets
July 18th, 2014
Markets might be too optimistic on the euro zone’s prospects, according to the Christine Lagarde, the managing director of the International Monetary Fund (IMF), who has warned that large amounts of debt, unemployment and low inflation could hit growth ...
Gold Retreats From $1320 Line
July 18th, 2014
Gold started Friday trading just below resistance at $1320, and has dipped lower, losing much of the gains we saw a day earlier. In the European session, the spot price stands at $1309.60 per ounce. On the release front, ...
European Stocks Drop for a Second Day on Ukraine Conflict
July 18th, 2014
European stocks fell for a second day, paring a weekly advance, amid concern that conflict between Ukraine and Russia is deepening. U.S. index futures were little changed, while Asian shares declined. Air France-KLM and Deutsche Lufthansa AG dropped at ...
