Tue 31st Mar 15, 09:41:41
Citigroup said it sees no clear rationale for Antofagasta in its denied merger with Canadian mining peer Teck Resources, saying that it is unlikely that the UK group is 'in play' in M&A terms.
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A "technology arms race" is going on between British intelligence agencies and international cyber-terrorists trying to harm the UK, according to the head of MI6. 2 hours ago
Ratings agency Fitch has reaffirmed the People's Republic of China's long-term sovereign debt rating at A+, with a stable outlook. 30 minutes ago
The UK's deficit in current transaction with the rest of the world shrank in the final stretch of 2014, albeit by less than forecast 34 minutes ago
Plastic packaging RPC Group said it expected annual revenue and adjusted operating profit to be in line with expectations and "significantly" ahead of last year. 1 hour ago
Core consumer prices in the single currency area rose by less than expected in February. 41 minutes ago
Economic growth in the UK for the fourth quarter of 2014 was revised higher on Tuesday, indicating the country's prospects at the tail-end of last year were better than previously thought. 58 minutes 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.