Search Results for: financial markets
Credit Suisse announces 1Q16 results
May 11th, 2016
Significant cost savings across the bank, and profitable growth and net asset inflows in APAC, IWM and Swiss UB. Stable capital position at 11.4% Highlights 1Q16 financial performance Group reported pre-tax loss of CHF 484 million (adjusted*: CHF 173 ...
China Stops Trying To Fool The World; World Is Sorry
May 10th, 2016
Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending it on commodities, boosting the prices of iron ore, oil, copper, etc., and giving the global economy a patina ...
Two Convicted in the biggest Insider Trading Conspiracy in Britain
May 10th, 2016
A former investment banker and a businessman were convicted of insider trading on Monday in what the British authorities have described as the largest crackdown on improper trading in Britain. After a three-month trial in Southwark Crown Court in ...
Asia mostly higher; Nikkei leads with 2% gain
May 10th, 2016
Asia markets traded mostly higher on Tuesday, with the Japanese benchmark index leading gains in the region. The Nikkei 225 added 2.04 percent, while across the Korean Strait, the Kospi traded up 0.36 percent. In Hong Kong, the Hang Seng index was down 0.05 percent. ...
T-TIP: Salvation or trash-tip?
May 9th, 2016
President Obama weighed into the Brexit debate on his recent visit to the UK, saying that if Britain left the EU, she would be at the back of the queue when it comes to a free trade agreement. If ...
UHY strengthens presence in Africa
May 9th, 2016
New member firm in Seychelles joins the UHY network The global accountancy network UHY extended its coverage withing the African region and has issued a press release to announce a new member firm in Seychelles; the Premier Financial Services (Seychelles) ...
The Swiss National Bank reports a profit of CHF 5.7 billion for the first quarter of 2016.
May 9th, 2016
The Swiss National Bank (SNB) reports a profit of CHF 5.7 billion for the first quarter of 2016. A valuation gain of CHF 4.1 billion was recorded on gold holdings. The profit on foreign currency positions amounted to CHF ...
Markit acquires interest in commodities price reporting agency PRIMA
May 9th, 2016
Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that it has acquired an interest in commodity markets research and price reporting agency PRIMA. Nathan Amery, head of commodities at Markit, said: “Commodities producers, traders ...
Saudi Arabia looks to bring in billions of foreign dollars
May 5th, 2016
Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low ...
FSMA added new companies on its list of unauthorised investment firms in Belgium
May 5th, 2016
The Financial Services and Markets Authority (FSMA) has issued an announcement to inform that the Authority has updated its list of providers of/intermediaries in binary options and forex products, “recovery rooms” and “boiler rooms”, all operating unlawfully in Belgium. Below is ...
