Search Results for: stocks
73 Swiss banks ask U.S. to revise proposed tax amnesty deals
October 24th, 2014
Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by U.S. authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks’ cooperation with other nations. In the letter ...
Credit Suisse CEO says sees no material issues in forex probe
October 23rd, 2014
Credit Suisse (CSGN.VX) does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank’s chief executive said on Thursday. Around 15 authorities around the world, including Switzerland’s, are investigating allegations ...
Asian Equities Lower on Growth Woes
October 23rd, 2014
European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany’s manufacturing and service sectors. U.S. stocks were on course to open a touch ...
P&G shuffles management, focuses on gaining market share
October 23rd, 2014
Procter & Gamble Co (PG.N) said on Wednesday that the head of its North American business, Melanie Healey, will retire next June, as the company puts together a new leadership team in an effort to revive sagging sales growth ...
Oil prices sink to 27-month lows on rising supplies
October 23rd, 2014
Oil prices likely to continue to slide as oil prices sink to 27-month lows in a move that’s likely to continue pushing gasoline prices toward below $3 a gallon. Benchmark West Texas Intermediate crude for mid-December delivery dropped 2.4% to ...
Boeing’s profit jumps 18 percent; raises 2014 earnings forecast again
October 22nd, 2014
Boeing Co (BA.N) reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand. The company earned $1.36 billion, or $1.86 per share, for the third ...
Ten rules for new investors
October 22nd, 2014
Novice investors are similar to teenagers who take their fathers car secretly, before taking any driving lessons and obtaining their driving license. They first learn to average down on their investments before coming across the concept of stop loss. ...
Oil Rises After Chinese GDP Surprises at 7.3% in Q3
October 21st, 2014
West Texas Intermediate and Brent crudes advanced after Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil consuming country. Futures rose as much as 1.5 percent in New York and 1.2 percent in ...
EU to fine JPMorgan, UBS, Credit Suisse over Swiss franc Libor rigging
October 21st, 2014
European Union antitrust regulators are set to fine JPMorgan (JPM.N), UBS (UBSN.VX) and Credit Suisse (CSGN.VX) collectively over $115 million for rigging Swiss franc Libor benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of ...
FCA warning against clone firms
October 21st, 2014
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Boiler Room Name: Schwarz Oliver Thomas Address: 6923 Lauterach, Dammstrabe 4, AUSTRIA Telephone: +43720116467, +85258086603 Website: http://www.schwarzoliverthomas.com/ and Cruiser Trading Co ...
