Search Results for: financial crisis
What Morgan Stanley will do to boost profit
November 12th, 2015
Exclusive: Morgan Stanley turns to stodgy bank accounts to boost profit Morgan Stanley, (MS.N) better known for underwriting bonds than for retail banking, plans to offer savings accounts and certificates of deposits next year to wring more profit from ...
‘Too big to fail’ Chinese banks face $400 billion capital call
November 11th, 2015
China‘s four biggest banks may have to raise up to $400 billion to meet new global capital rules, an onerous task that could pressure them to slow down lending at a time when Beijing wants them to help prop ...
How the Unshackled Ruble Has Changed Russia’s Economy Forever
November 10th, 2015
The weaker currency has hit consumers hard but helped oil producers Today marks the one-year anniversary of the freeing of the ruble for the first time in its post-Soviet history. In five charts, we show how the central bank’s ...
China policymaker says 6.5 percent a floor for 2016-2020 annual growth
November 9th, 2015
China is making 6.5 percent a floor or minimum level for annual economic growth in 2016 through 2020, a senior Chinese policymaker said on Monday, adding that the figure would be a base for setting a target for the five-year ...
Morgan Stanley to face insider trading charges
November 2nd, 2015
The lawsuit is being brought by a Russian billionaire and it stems from the financial crisis. In a trial starting on Monday, Morgan Stanley will confront a Russian billionaire’s claims that it illegally short-sold a company based on inside ...
Saudi Arabia reacts sharply to S&P downgrade of kingdom’s debt rating
November 2nd, 2015
Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a notch, from AA- to A+ with “a negative outlook”, citing ...
Asian stocks fall after tepid China PMI survey
November 2nd, 2015
A general view of market boards at the ASX Exchange Centre in Sydney, Australia. Asian stocks mostly slipped into the red on Monday, as investors digested a private survey which showed China‘s mammoth manufacturing sector remaining in a tough ...
What Economic Recovery? Quarter of EU Citizens at Poverty Risk
October 29th, 2015
The so-called economic recovery being experienced by a number of EU states has been called into question following new research that found a quarter of all EU citizens, and close to a third of young people, were at risk ...
Oil Prices Post Largest Gain in Nearly Two Months
October 29th, 2015
Prices rise on new option to send U.S. oil to Mexico and smaller-than-expected stockpile addition The benchmark U.S. oil price soared to its largest gain in two months, as traders rushed to close bearish bets following news that the ...
Shanghai, Tokyo stocks buck downtrend in choppy trade
October 29th, 2015
Asian stocks outside China and Japan slipped on Thursday, after the Federal Reserve kept interest rates unchanged but signaled that a December rate hike was still on the table. “The market, economists, commentators and the man on the street has combed ...
