Search Results for: mining
Gold in 2016
January 8th, 2016
Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis ...
Four London-based traders are being investigated by DoJ for possible manipulation
January 7th, 2016
DoJ investigates bond traders over market-rigging “What is Bond: A name for debt which is issued for a specified period of time. Depending the terms of the Bond, the issuer owes the holder/s a debt, and is obliged to pay ...
China bans prepaid card provider, warns non-bank financial firms
January 7th, 2016
China’s central bank on Thursday said it had revoked the license of a prepaid card provider and vowed to crack down on non-bank financial institutions that violated the law. The People’s Bank of China (PBOC) said on its website ...
New European Union Legislation on Market Abuse enters into force in 2016
January 5th, 2016
The law on market abuse in relation to the trading of financial instruments within the European Union will be completely overhauled in 2016. With effect from 3 July 2016, the previously applicable Market Abuse Directive (MAD) will be replaced ...
Dow Jones suffers worst start to the year since 2008 – as more than £38bn is wiped off FTSE 100 thanks to China volatility and Middle Eastern uncertainty
January 5th, 2016
Fears over China sent US stocks tumbling yesterday, with the Dow Jones Industrial Average down 467 points at its low for the day – headed for its worst first-day percentage drop since 1932. The index fell by 1.58 per cent to 17,149. ...
China battles to shore up stocks, yuan after globe-shaking slide
January 5th, 2016
China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling markets worldwide, but analysts warned investors to buckle up for more wild price swings. Stocks fell more than 2 ...
Britain’s stock market just had its worst year since the financial crisis
December 30th, 2015
2015 is a year that investors in Britain’s biggest companies won’t want to repeat for a long, long time, and it’s all down to crashing commodity prices. At the time of writing, the FTSE 100, Britain’s blue chip share index dropped by ...
Pound Outlook Darkens on Brexit Referendum With BOE Stuck on Launchpad
December 30th, 2015
Sterling will fall to $1.41 by September 2016, SocGen says Fragile global economy, ‘Brexit’ may keep BOE from liftoff The odds are stacking up against the pound for 2016. With growth slowing and the potential for a referendum on ...
Saudi Arabia Set to Announce 2016 Budget Amid Oil Plunge
December 28th, 2015
Budget is 1st under King Salman, may see capital spending cut Kingdom may post a budget deficit of 20% of GDP this year Saudi Arabia, seeking to cope with the lowest oil prices in more than a decade, may ...
11 Bitcoin Startups That Went Bust in 2015
December 28th, 2015
This year was a time of further consolidation for the bitcoin industry. After what you might call a ‘Wild West’ period (when it seemed everyone with the urge was setting up their own bitcoin-based service), the space is now rapidly becoming ...
