Fri 27th Mar 15, 09:28:25
Gold explorer Orogen Gold has issued 36.4m shares to DEM Geosciences SAL to cover costs related to diamond drilling services the latter carried out in 2014.
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Specialist behavioural health services provider Cambian Group has completed the acquisition of fostering and residential care company By the Bridge for £36m. 1 hour ago
Equity markets in Europe rebounded on Friday, as a weaker euro currency helped boost the shares of exporting companies, though concerns remained about geopolitical drama in the Middle East. 2 hours ago
Goldman Sachs has beaten investment banking rival JP Morgan to claim the accolade of the largest bank by commodities revenue, after the latter divested its raw materials business. 3 hours ago
UK stocks declined for a fourth straight day on Friday morning as the FTSE 100 continued to pull back from recent all-time highs. 2 hours ago
0905: UK stocks are declining for a fourth straight day as the FTSE 100 continues to pull back from recent all-time highs. Inflation data from Japan overnight also failed to buoy sentiment as the core consumer price index fell to 2%. Stripping out the effect of last April's sales tax increase, inflation dropped to just 0%. Looking ahead, Friday is set to be a quiet day in terms of economic data, with US economic growth and consumer sentiment figures the only major release. The FTSE 100 is down 11.62 points at 6,883.71 with mining stocks among the worst performers. 1 hour ago
Plumbing emergency and domestic repair provider Homeserve has reassured in a terse trading statement that trading in its busy winter period has been "good" and in line with its full-year targets. 2 hours ago
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I know what you’re thinking; “Oh no, not another article about the FTSE 100 reaching 7,000”. Well, okay, yes it is. But it’s more of a story of how we got here and where we might be going.
Gold is one of the most widely traded precious metals instruments. It not only represents a commodity but is also considered by many a currency that trades fluidly against the US dollar.
Gold prices fluctuate based on the supply and demand for the precious metal, as well as rising and falling inflation expectations. Gold trades actively in the over the counter market as well as in futures format. Gold prices are quoted in US dollars per ounce.
Former trader Andrew Hecht, who spent 35 years on Wall Street with the likes of Salomon Brothers, Cantor Fitzgerald, HSBC and commodities hedge fund Global Advisors Ltd, writes about the issue of greed in the world of finance.
To many, the industry of finance is a culture built on greed and known for the scandals that this greed creates. As the bad behaviour continues, the anger of the masses grows, and more and more people wonder: are there any solutions?
One of the real-life Wolves of Wall Street, or Masters of the Universe, or Duke Brothers, depending on your film references, Michael Milken was apparently a major inspiration for the Gordon Gekko character in the 1987 film Wall Street (if you’ve not seen it, watch it, it’s great - and it’s on Netflix).
Low-rated bonds were viewed as just junk until Michael Milken’s bond trading division began to use them to generate huge profits for the investment firm of Drexel Burnham Lambert based on his MBA thesis that such previously disregarded securities were actually good investments.
The Eurogroup and Greece reached an agreement that prolongs Greece's bailout funds for another 4 months, provided Greece submits a list of reform measures.
So after all the wrangling, Finance minister Varoufakis ultimately agreed not to roll back previous reforms, refrain from unilateral action and accept IMF involvement, with troika oversight remaining in place in all but for the name.