Search Results for: foreign exchange
Saudi economy is resilient, says World Bank expert
February 8th, 2016
Saudi Arabia has five years’ worth of reserves at current spending levels and oil prices, Shantayanan Devarajan, chief economist of the World Bank’s Middle East and North Africa Region said in an interview with Tass. “The fact is that ...
Iran appears keen to start mining its substantial metals reserves
February 4th, 2016
Iran Looking To Ramp Up More Than Just Oil Production As the oil markets remain focused on the re-emergence of Iran as a major oil producer following the recent lifting of sanctions, another oversupply storm is brewing as the ...
Vodafone released Quarter Revenue results
February 4th, 2016
Vodafone has issued a press release to publish trading update for the quarter ended 31 December 2015 Highlights Group organic service revenue up 1.4%* (Q2: 1.2%*); sixth consecutive quarter of improvement Continued recovery in Europe (-0.6%*); sustained momentum in ...
Oil Prices Could Jump 50% by the End of 2016
February 3rd, 2016
WTI seen averaging near $46 a barrel in Q4; Brent at about $48 U.S. sees domestic oil output falling by 620,000 barrels a day Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for ...
KCG announces Fourth Quarter 2015 Results
February 1st, 2016
KCG announces Consolidated Loss of $0.05 per Diluted Share for the Fourth Quarter of 2015 CG reports consolidated revenues of $262.7 million and pre-tax loss of $7.1 million for the quarter KCG increases tangible book value to $14.89 per ...
Seabury FXone and Spotex Enter Into Joint Product Offering
January 27th, 2016
Agreement Expands Companies’ Global Network of Institutional Clients Seabury Financial Solutions LLC (“FXone”), a subsidiary of Seabury Group LLC (“Seabury”) and a provider of FX liquidity management solutions announced that the company entered into a Joint Product Offering with ...
EU says to monitor, not regulate ‘hyped’ virtual currencies
January 26th, 2016
The European Union will monitor rather than regulate “hyped” virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body’s executive said on Monday. The world’s 600 virtual ...
China Stocks Plunge to 13-Month Low Amid Capital Outflow Concern
January 26th, 2016
Yourong Fund, Rabobank, Chart Partners predict further losses China capital outflows reached estimated $1 trillion in 2015 China’s stocks tumbled to the lowest levels in 13 months amid concern capital outflows will accelerate as the economy slows and support ...
Six Banks Negotiating Settlement in Swiss Libor Probe
January 25th, 2016
Swiss regulator: `We won’t go for a settlement at any price’ Settlement would resolve one of few remaining Libor probes At least six banks targeted in Switzerland’s investigation into Libor-rigging are in settlement talks with the country’s competition regulator, ...
Some Shanghai Banks Said to Curb Individual Forex Purchases
January 21st, 2016
Banks said to request close checks by branches for violations Shanghai SAFE vows crackdown on illegal foreign transactions Some Shanghai banks have asked their branches to strictly control the sale of foreign exchange to individuals, according to people familiar ...
