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Thursday 23 April 2015
Deutsche Bank in record $2.5bn fine over interest rate manipulation - BBC News
Deutsche Bank in record $2.5bn fine over interest rate manipulation - BBC News:
"Deutsche Bank has been fined $2.5bn (£1.66bn) by US and UK regulators for trying to manipulate interest rates.
The German bank has been fined $2.1bn by US regulators, and £227m by the UK's Financial Conduct Authority.
The fine relates to manipulation of the Libor and Euribor inter-bank rates."
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"Deutsche Bank has been fined $2.5bn (£1.66bn) by US and UK regulators for trying to manipulate interest rates.
The German bank has been fined $2.1bn by US regulators, and £227m by the UK's Financial Conduct Authority.
The fine relates to manipulation of the Libor and Euribor inter-bank rates."
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MIDEAST STOCKS-Gulf mixed; Emaar, FGB weigh on UAE markets | Reuters
MIDEAST STOCKS-Gulf mixed; Emaar, FGB weigh on UAE markets | Reuters:
"Gulf stock markets were narrowly mixed on Thursday while Egypt extended its recovery after a fresh cash injection from the oil-rich Gulf states.
Brent crude oil rose above $63 a barrel on Thursday as Saudi-led air strikes in Yemen continued despite an earlier announcement by Riyadh that the campaign was ending. Geopolitical tensions are a modest negative for many retail investors in the Gulf, but stronger oil is widely seen as positive.
Saudi Arabia's stock index edged up 0.4 percent thanks to petrochemicals. Saudi International Petrochemical Co (Sipchem) surged 4.8 percent and was the main support. The firm said this week that it had finished testing a new plastics plant owned by an affiliate.."
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"Gulf stock markets were narrowly mixed on Thursday while Egypt extended its recovery after a fresh cash injection from the oil-rich Gulf states.
Brent crude oil rose above $63 a barrel on Thursday as Saudi-led air strikes in Yemen continued despite an earlier announcement by Riyadh that the campaign was ending. Geopolitical tensions are a modest negative for many retail investors in the Gulf, but stronger oil is widely seen as positive.
Saudi Arabia's stock index edged up 0.4 percent thanks to petrochemicals. Saudi International Petrochemical Co (Sipchem) surged 4.8 percent and was the main support. The firm said this week that it had finished testing a new plastics plant owned by an affiliate.."
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UPDATE 2-MIDEAST STOCKS-Saudi consolidates below chart barrier, Egypt continues rebound | Reuters
UPDATE 2-MIDEAST STOCKS-Saudi consolidates below chart barrier, Egypt continues rebound | Reuters:
"Saudi Arabia's stock market consolidated below technical resistance early on Thursday while Egypt continued a rebound after a bout of heavy profit-taking.
The Saudi index was 0.1 percent lower at 9,561 points. Earlier this week it failed to break cleanly above resistance in the 9,572-9,745 point area, where the 200-day average roughly coincides with the March peak.
Most stocks were narrowly mixed. Among the active gainers, Al Rajhi Company for Cooperative Insurance climbed a further 4.1 percent after earlier this week reporting a 47 percent jump from a year earlier in first-quarter net profit, aided by strong growth in net contributions and lower policy acquisition costs."
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"Saudi Arabia's stock market consolidated below technical resistance early on Thursday while Egypt continued a rebound after a bout of heavy profit-taking.
The Saudi index was 0.1 percent lower at 9,561 points. Earlier this week it failed to break cleanly above resistance in the 9,572-9,745 point area, where the 200-day average roughly coincides with the March peak.
Most stocks were narrowly mixed. Among the active gainers, Al Rajhi Company for Cooperative Insurance climbed a further 4.1 percent after earlier this week reporting a 47 percent jump from a year earlier in first-quarter net profit, aided by strong growth in net contributions and lower policy acquisition costs."
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China's Xi says backs fair, balanced agreement on Iran | Reuters
China's Xi says backs fair, balanced agreement on Iran | Reuters:
"Chinese President Xi Jinping told Iranian President Hassan Rouhani on Thursday that China would push for a "fair and balanced" nuclear agreement, a day after talks resumed between Iran and the European Union.
Xi's remarks, issued on the sidelines of the Asian-African summit in Indonesia, reiterate China's stance that "mutually beneficial" talks should be used to resolve the decade-long dispute.
"China is willing to continue to maintain communication with all parties concerned, including Iran, to continue to play a constructive role in the negotiations and push for a fair, balanced, mutually beneficial and win-win comprehensive agreement as soon as possible," Xi was quoted as telling Rouhani, according to a statement on the government website."
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"Chinese President Xi Jinping told Iranian President Hassan Rouhani on Thursday that China would push for a "fair and balanced" nuclear agreement, a day after talks resumed between Iran and the European Union.
Xi's remarks, issued on the sidelines of the Asian-African summit in Indonesia, reiterate China's stance that "mutually beneficial" talks should be used to resolve the decade-long dispute.
"China is willing to continue to maintain communication with all parties concerned, including Iran, to continue to play a constructive role in the negotiations and push for a fair, balanced, mutually beneficial and win-win comprehensive agreement as soon as possible," Xi was quoted as telling Rouhani, according to a statement on the government website."
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