Latest Posts
-
News 0
Who’s in charge in Europe?
The question has puzzled leaders ranging from Henry Kissinger, said to have once asked who he should call to reach Europe, to Barack Obama. It has become all the more pertinent as the European Union tries to fill what is widely viewed as a leadership vacuum during the euro zone’s sovereign debt crisis. Two leaders are formally representing the EU at the G20 summit this weekend, EU President Herman Van Rompuy and European Commission President Jose Manuel Barroso. But the U.S. president called neither of them when he wanted to get his message across to the EU at the height of the crisis in May. Instead, he called German Chancellor Angela ... -
News 0
Commodity stocks and banks pull FTSE lower
Britain’s top share index fell early on Thursday as renewed doubts about the sustainability of a global recovery dented commodity stocks, and banks weakened as risk appetite ebbed. By 0759 GMT, the FTSE 100 was 33.54 points, or 0.7 percent, lower at 5,145.04 after falling 1.3 percent on Wednesday to its lowest closing level in nearly two weeks. Miners were the main drag on the index, weighed by a downbeat assessment on the U.S. economy from the U.S. Federal Reserve, with Rio Tinto and Xstrata among the heaviest fallers, down 2.3 percent and 1.6 percent respectively. In a statement at the end of a two-day meeting, the Fed scaled back its ass... -
News 0
European body denounces Chechnya
The Council of Europe on Tuesday denounced a “climate of fear” in Chechnya, a decade after the Kremlin regained control of the mainly Muslim region in southern Russia from separatist rebels. Kidnappings of opponents of Kremlin-appointed leader Razman Kadyrov regularly go unpunished, families of suspected fighters are targeted and the media and civil society are intimidated, the pan-European human rights watchdog said in a report. “The authorities put in place continue to maintain a climate of widespread fear, despite the undeniable success in the field of reconstruction and significant improvement infrastructure,” a Council of Eur... -
News 0
Weak US home data slices into shares, gold rises
Weak May U.S. housing data undercut stocks and sent U.S. Treasuries up, while Europe grappled with a fresh tremor to its banking system after Fitch downgraded French bank BNP Paribas. The downgrade hit Europe’s banking stocks, leading to the end of a nine-day rally and pushed prices for gold higher on safe-haven flows. The rally fueled by China’s weekend announcement to emphasize a flexible currency rather than the de facto peg to the U.S. dollar appeared to have fully dissipated. U.S. crude oil futures edged lower in choppy trading, curbed by a stronger greenback and lowered expectations about a demand boost in China brought by ... -
News 0
Rogue trader Kerviel fooled me, says ex-boss
Former Societe Generale trader Jerome Kerviel used convincing lies to mask his risky, unauthorised bets, an ex-boss has told a Paris court. The 33-year-old Kerviel, whom SocGen blamed for a Ä4.9bn ($6.07bn) trading loss in 2008, made bets without bosses knowing, former supervisor Eric Cordelle added. “Jerome was always able to come up with reasons, convincing explanations. He lied from start to finish and every time he said something, it was believable,” Cordelle told the court in the Palais de Justice. Although Kerviel has never denied his unauthorised bets that reached an estimated Ä50bn, he has insisted his superiors knew what he was... -
News 0
Liquidity mitigates volatile market
As the fifth largest financial institution in Paraguay measured by loans and deposits, Sudameris Bank, provides a full range of commercial and retail banking and insurance products and services. The last 18 months was one of the most challenging times in recent years for Paraguay. A rebalancing of domestic financial market liquidity and the sharp economic downturn internationally brought it challenges. Late 2008 and early 2009 were marked with liquidity shortages as international institutions brought liquidity home to shore up their respective domestic positions; hence driving up funding rates in Paraguay. This was then reversed by: (i) su... -
News 0
Singapore broker expands trading network
OCBC Securities is one of the leading stock and futures broking firms in Singapore providing full brokerage services for equities and derivatives trading. Having been in the business for more than 20 years, it employs state-of-the-art technology to deliver speedy multi-market electronic execution of trades for investors. As early as 2005, OCBC Securities offers a single trading platform firm-wide to enable institutional execution standards for retail investors. Since then, they have been continuously upgrading their global trading capabilities to offer a full suite of services to meet investors’ evolving needs. Today, investors have the... -
News 0
Investors look to Saudi
Falcom Financial Services, a Shariah complaint Saudi investment bank, took the lead in providing clients within the Kingdom a flavour of the first ETF, the Falcom F30 thus opening the gateway to international investors who were not very happy with the SWAP route provided earlier. ETFs (exchange traded funds) are new to the region with only two listed thus far. Falcom has been working closely with the regulator and capital market authorities for the last two years to engineer the environment that supports the introduction of a sophisticated investment vehicle such as an ETF. What are the challenges for the investment banks in general? And ho... -
News 0
Expertise, diversified
The Alterego Group’s worldwide client base includes governmental regulatory bodies, major overseas law firms, leading banks, financial institutions, fund managers and multinational corporations; in addition to a significant local and international private client base. The group has an international focus, are in a good position to service private and corporate clients globally, and have particular expertise in trusts, companies and partnerships, banking, structured finance, collective investment funds and employee benefits. By working with a wide variety of fiduciary structures and, by offering both legal and financial expertise under one... -
News 0
Rewards in bull and bear
The financial market is a living, breathing giant, which evolves, grows and at times, much like we’ve seen over the last few years recedes, leaving both destruction and opportunities in its path. For Forex traders though, even volatile times can prove to be payday. This is why it is favoured by many traders in their constant search for yield. It would also explain the surge in popularity that Forex trading has seen over the last decade. Forex has evolved massively over the last ten years. What was once a market for inter-bank trading has now opened up wide to the retail trader. Foreign exchange trading has gone virtual, with online dealing ...
Top Posts
-
The Importance for Individuals to Use Sustainable Chemicals
-
Small Businesses: Finding the Right Candidate for the Job
-
How to Write the Perfect Thank You Letter After Your Job Interview
-
3 Best Large-Cap Blend Mutual Funds For Enticing Returns
-
China suspected in massive breach of federal personnel data
