Search Results for: financial markets
Russia faces more sanctions from the U.S. and Europe
July 29th, 2014
The United States and Europe have unitedly decided to increase the economic sanctions against Russia since they fear that Moscow might be planning an invasion in Ukraine soon. After months in which European leaders resisted going as far as ...
Lloyds Banking Group charged with $370 million fine
July 28th, 2014
Britain’s Lloyds Banking Group (LLOY.L) has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement ...
U.S. companies search for growth overseas
July 28th, 2014
Big U.S. companies are searching for corporate growth overseas for better financial opportunities. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts’ projections in their ...
EY wins £2m Sage audit contract
July 28th, 2014
EY has won the audit contract for Sage, following a tender of the £2m deal. PwC will step down after completing accounts work to 30 September 2014, bringing its 26-year audit relationship with the FTSE 100 software business to ...
Catalunya Banc gets advise from Bakers and Garrigues on €1.2bn sale to BBVA
July 28th, 2014
Baker & McKenzie has advised state-owned Spanish lender Catalunya Banc on its sale to Banco Bilbao Vizcaya Argentaria (BBVA) for €1.2bn. BBVA won the mandate to buy the bank in a competitive auction run by the Spanish Bank Resturucturing ...
CySec: Withdraw of CIF authorisation
July 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement that following previous announcements dated 21 February 2014 and 31 March 2014, on a meeting held on July 7, 2014 has decided to ...
Statement by the European Commission, ECB and IMF on the Fifth Review Mission to Cyprus
July 25th, 2014
Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during July14-25, 2014 for the fifth review of Cyprus’s economic program, which is supported by financial assistance from the European ...
The IMF’s latest Outlook Update says for Slow but Steady Global Recovery
July 25th, 2014
The IMF’s latest World Economic Outlook (WEO) Update says that global recovery continues but at an uneven pace, and that downside risks remain. Continued policy efforts are needed to secure a more robust recovery. Global growth forecast at 3.4 ...
Vodafone revenue dragged lower by Spain and South Africa in first quarter
July 25th, 2014
Vodafone received no relief from tough market conditions in the first quarter, with a slowdown in Spain and South Africa resulting in another heavy drop in its key revenue measure. The world’s second-biggest mobile operator said the pace of ...
Saudi market opening for direct access a boost to MENA
July 24th, 2014
Following a cabinet approval, the largest equity market in the MENA region, the Kingdom of Saudi Arabia, should soon become open for direct foreign investments. The move would finally come to pass once the Capital Market Authority (CMA) formalises ...
