Asia Stocks Slide as Russia’s Micex Drops on Ukraine
April 25th, 2014
Asian stocks fell, with the regional benchmark index heading toward a weekly loss. Russian shares fell a fifth day, wheat climbed and nickel pared the biggest monthly advance since 2012 as the U.S. warned Russia of an “expensive mistake” ...
Angola Is Moving Into Oil’s Big Leagues As it Leaves Decades Of War Behind
April 17th, 2014
After decades of sporadic growth and political turmoil, Angola is on the verge of catapulting to the top ranks of the world’s energy economy following major deep-water production investments by several top global oil companies. On Monday, France’s Total ...
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
Offshore Yuan Bets Losing $3.5 Billion, Morgan Stanley Estimates
March 20th, 2014
More than $3.5 billion has been wiped off the value of offshore yuan structured products, Morgan Stanley estimates, as China’s slowing economy and mounting credit concerns weaken the currency. Losses on Target Redemption Forwards were probably in the region ...
Dollar Strengthens as Gold Declines Before Fed Decision
March 19th, 2014
The dollar gained against most major currencies and gold fell for a third day before the Federal Reserve decides monetary policy. The ruble strengthened for a fourth day and Russian stocks fell as the nation pushed on with the ...
ASIC: suspension of licence
March 18th, 2014
ASIC, the Australian Securities and Investment Commissions, has cancelled the Australian financial services (AFS) licence of AIE Fiduciary Services Pty Ltd (AIE) following an application by AIE. The application was made after ASIC raised a number of concerns about ...
Carney Faces Leadership Test as Currency Scandal Snares BOE
March 10th, 2014
Bank of England Governor Mark Carney will face his toughest public testimony to date as he seeks to defend the integrity of an institution that’s become embroiled in the currency-manipulation scandal. Lawmakers will grill Carney tomorrow after the BOE ...
SWAPS
March 6th, 2014
A Swap is an agreement between two parties (the counterparties) to exchange a series of future cash flows at specified future times according to pre-specified conditions, typically with a notional principal and a stated maturity, often close to the ...
Forward Contracts
March 6th, 2014
A forward contract is an agreement to buy or sell an asset at a certain future time for a certain price. It can be contrasted with a spot contract, which is an agreement to buy or sell an asset ...
Bonds
March 6th, 2014
Bonds are negotiable debt instruments issued, in capital markets with the purpose of raising capital. Investors who acquire bonds are lenders to the issuers. Particularly, investors lend some amount of money, the principal, to the borrower. In return, the ...
