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Finance

European Union agrees on Russian sectoral sanctions – top EU officials
The EU has agreed on a new package of sanctions against Russia targeting the military, oil and finance sectors, according to a joint statement by the presidents of the EU Commission and Council.

29.07.2014 08:22

Lloyds in 'late stage' of Libor settlement talks, victims remain unaddressed
Lloyds Banking Group (LBG) is nearing a settlement with US and UK regulators for its alleged role in the manipulation of Libor rates – the major interest rate benchmark that determines the cost of up to $350 trillion worth of global financial products.

25.07.2014 16:04

​EU sanctions on Russian finance could cripple London
The EU plans to widen economic sanctions against Russia, but London, already on rocky ground with the EU, would be hit the hardest if tougher restrictions are slapped on Russia’s big state banks.

25.07.2014 12:56

EU adds 15 people, 18 firms to sanctions list over Ukraine crisis
The European Commission added new names and companies to its blacklist on Thursday over the Ukrainian crisis, according to diplomats. However, 'stage three' economic sanctions against Russia have again fallen flat.

24.07.2014 12:44

1.1 million UK households could be in ‘debt peril’ by 2018
A modest increase in interest rates could render almost 25 percent of UK households in severe financial stress, according to a report published on Thursday. The Bank of England (BOE) has confirmed that such rate hikes are imminent.

24.07.2014 16:31

Facebook proves Fed wrong with quarterly profits up 138%
Facebook showed a 138 percent increase in Q2 profit compared to 2013 sending shares to a record high of $75.13 in after-hours trading on Wednesday. The results refute the boss of the Fed Janet Yellen’s concerns about overvaluation of social media stocks.

24.07.2014 09:02

Sky not the limit: AirBaltic first airline to accept bitcoin
Bitcoin’s latest expansion is into commercial airspace after Latvian airline airBaltic announced customers can start using bitcoins to pay for tickets. AirBaltic is the first airline to offer a bitcoin payment option.

23.07.2014 12:59

Chinese whisper in American neighborhood
After the major headline hogging BRICS summit, the next news event that has been watched closely is the Chinese President Xi Jinping’s visit to Latin America.

23.07.2014 10:15

Chatty traders face criminal probe for rigging forex market
​Britain’s Serious Fraud Office (SFO) is investigating the alleged use of chatrooms by forex traders in a conspiracy to rig exchange rates. An estimated $5.3 trillion in currencies changes hands daily.

22.07.2014 06:55

UK banks ‘have much to fear’: competition watchdog set to probe Lloyds, RBS, HSBC and Barclays
Barclays, RBS, HSBC and Lloyds may be forced to break up following a finance watchdog’s inquiry. The watchdog claims Britain's banking sector is characterized by anti-competitiveness and a failure to meet ordinary citizens and small business' needs.

18.07.2014 12:49

Russia ‘solid’ enough to fend off US sanctions – finance expert to RT
Russian firms and banks that fell under new US sanctions have enough funds to ride out the restrictions, Aleksandr Prosviryakov, a partner at Lakeshore International, an asset management firm, told RT in Moscow.

18.07.2014 13:09

Sanctions don't spook Russian companies
The new US sanctions against Russian energy and banks have stolen headlines, but the companies have all made statements that damage will be minimal.

17.07.2014 12:46

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