Search Results for: financial markets
Two former Forex traders will sue their former employers this month
January 14th, 2016
Ex-Barclays, Citi FX traders sue for unfair dismissal in London Two former foreign exchange traders will this month sue their former employers Barclays and Citigroup for unfair dismissal at a London court. Former Barclays FX trader Jack Murray is ...
BGC Partners Completes Full Merger with GFI Group
January 13th, 2016
Public Shareholders to Receive $6.10 per GFI Share in Cash BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or the “Company,”) a leading global brokerage company servicing the financial and real estate markets, today announced that it has completed ...
Mergers: Commission opens in-depth investigation into acquisition of oilfield service provider Baker Hughes by Halliburton
January 13th, 2016
The European Commission has opened an in-depth investigation to assess whether the proposed acquisition of oilfield service supplier Baker Hughes by rival Halliburton would impede effective competition in breach of the EU Merger Regulation. Both companies are US-based. Commissioner ...
Major Asian stocks close up, Nikkei rebounds 2.88%
January 13th, 2016
Asia markets closed mostly higher, with some major indexes rebounding Wednesday, in a sign of returning stability even in the face of lingering worries about China and falling commodity prices. That follows a volatile start to the year, in ...
FD acquires QuantumKDB
January 12th, 2016
FD, announces that it has acquired the entire issued share capital of Quantum KDB (UK) Limited (“Quantum”) for total consideration of up to £2.2m. The acquisition provides the Group with complementary consultancy expertise to support the growth of its ...
Chinese regulator asks banks to cut wealth management yields
January 12th, 2016
China‘s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit. The move to ...
Crude oil prices fall almost 20 percent since beginning of the year
January 12th, 2016
Crude oil prices continued a relentless dive early on Tuesday, falling almost 20 percent since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls. U.S. crude ...
GAIN Capital Announces Monthly Metrics for December 2015
January 12th, 2016
GAIN Capital Holdings, Inc. (NYSE: GCAP, “GAIN” or “the Company”) today reported certain operating metrics for the month of December 2015. Retail Metrics OTC average daily volume1 of $12.6 billion, an increase of 15.2% from November 2015 and 17.3% fromDecember 2014.2 OTC trading volume1 of $276.9 billion, ...
The Challenges for the Cypriot Economy for 2016
January 11th, 2016
Assessing the current state of the Cypriot economy one could say that the year 2015 was undoubtedly another difficult year with several problems still remaining unresolved. One could also though add a positive note, that it was the year ...
Swaps Payout Is a Windfall for Funds
January 11th, 2016
Market participants, lawyers will divide up $1.9 billion settlement Here’s another way some Wall Street debt traders are making money: suing. Several hedge funds and other big credit investors are in line for payouts of tens of millions of ...
