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AMF warns against fraudulent calls

September 8th, 2014 (0)
The Autorité des Marchés Financiers (AMF) issued an alert for the public regarding the activities of certain individuals claiming to belong to the Autorité des Marchés Financiers and contacting retail investors by telephone. Certain individuals introducing themselves using a ...

China to Overtake USA by 2024

September 8th, 2014 (0)
China is set to overtake the U.S. as the world’s largest economy in U.S. dollar terms over the next decade, according to a new report by IHS Economics. IHS measured the size of China’s economy in U.S. dollar terms, ...

Down again! How low can Apple’s stock go?

September 5th, 2014 (0)
Apple (AAPL) shares got hit again Thursday following their colossal drubbing Wednesday. Shares of Apple closed down 81 cents, or 0.8%, to $98.12 in late-day trading Thursday as investors cool off from a remarkable bull run this year. Concerns ...

US banks plan ahead for UK exit from EU

August 18th, 2014 (0)
Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU. People familiar with Bank of America, Citigroup and Morgan Stanley told the ...

West TX Oil Drops to 97.30 on Pressure

August 13th, 2014 (0)
Brent crude slipped below $103 a barrel on Wednesday to trade near its lowest level in more than a year as ample supplies countered any disruption risks posed by lingering tensions in Iraq and Libya. It was the fourth ...

IASB adopts new simplified standard over lease accounting

August 11th, 2014 (0)
The IASB has changed its position regarding lease accounting for the chances of convergence between US and global standards. The global standard setter has issued a document citing that it has decided to adopt a single model for lease ...

AMF warns against individuals involved in fraudulences

August 7th, 2014 (0)
The Autorité des Marchés Financiers (AMF) draws the attention of the public to the activities of certain individuals claiming to belong to the Autorité des Marchés Financiers and contacting retail investors by telephone. As in the previous case of ...

Crédit Agricole Takes $950 Million Hit on Portuguese Bank

August 5th, 2014 (0)
The French bank Crédit Agricole said Tuesday that it nearly had its entire second-quarter profit wiped away as it took a $950 million charge to write off its entire investment in the troubled Portuguese lender Banco Espírito Santo, in ...

Alibaba Has a Computing Cloud, and It’s Growing, Too

August 5th, 2014 (0)
Alibaba, the Chinese e-commerce giant, has a growing cloud computing business and a hunger for American companies. And soon, it will most likely have a large amount of cash. Will it take on the American cloud giants? It would ...

CFPB rules U.S. banks on $30 Billion in excess fees

August 1st, 2014 (0)
The $30 billion banks collect in overdraft fees each year may shrink as the U.S. Consumer Financial Protection Bureau imposes rules aimed at shielding customers from harm. The agency, which issued a study on the fees yesterday, is also ...
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