Search Results for: sec
IFRS Foundation and ESMA sign joint Statement of Protocols
July 15th, 2014
The IFRS Foundation and the European Securities and Markets Authority (ESMA) today announced the agreement of a joint Statement of Protocols to serve as the basis for future co operation in areas of mutual interest. The IFRS Foundation, through ...
Bank of England policymakers discuss controls on banks
July 15th, 2014
Bank of England Governor Mark Carney and three other policymakers appeared before British lawmakers on Tuesday to discuss last month’s half-yearly Financial Stability Report, which recommended tighter curbs on mortgage lending. See below for highlights of the remarks from ...
UK Government defends mass interception of online data at tribunal
July 15th, 2014
Mass interception of online communications by intelligence agencies is necessary – even if only one person is being targeted, lawyers for the UK government have told a tribunal hearing complaints about surveillance. The government’s arguments were disclosed as lawyers ...
Japan Leads Global Volatility Decline to Seven-Year Low
July 15th, 2014
Across global stock markets, nowhere is calm descending faster than in Japan. The Nikkei Stock Average Volatility Index, which tracks the cost of options on the Nikkei 225 (NKY) Stock Average, tumbled 33 percent this year to 15.3 yesterday, ...
Bank Earnings Give Stocks a Boost
July 15th, 2014
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...
Oil halts slide on renewed turmoil in Libya
July 15th, 2014
The price of oil paused Tuesday after tumbling last week as a deteriorating security situation in Libya raised questions over the restoration of exports following an agreement between the government and a regional militia. Prices fell sharply last week ...
Asian shares higher as earnings lift Wall Street
July 15th, 2014
Asian stocks markets were mostly higher Tuesday, fortified by Wall Street’s growing optimism over U.S. corporate earnings and hopes for encouraging economic data in China. China, the world’s No. 2 economy, is due to report its second quarter GDP ...
Draghi Says Banks Shouldn’t Count on Another Carry Trade
July 15th, 2014
Banks shouldn’t count on a fresh round of European Central Bank cash to trade sovereign debt and reap big profits, Mario Draghi said. “The convenience to use the ECB cheap money to buy government bonds is much less” than ...
Bitcoin Protected, VeriCoin Stolen in Latest Exchange Breach
July 15th, 2014
Digital currency exchange platform MintPal has suffered a successful hack attack that resulted in the loss millions of vericoins from its hot wallet. The 13th July attack targeted a vulnerability in the site’s withdrawal system. The hacker, according to ...
Microsoft is expected to cut jobs during this week
July 15th, 2014
Microsoft Corp. (MSFT:US) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people with knowledge of the company’s plans said. The reductions — ...
