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News & Updates

December 1, 2014 Push for natural disaster stress-tests and disclosure of risks gains pace

Artemis - The "1-in-100" initiative which looks to integrate climate and natural disaster risk into the financial system, through a process of stress-testing and disclosure, continues to gain pace as it gathered support and...

December 1, 2014 Return of $2 Gas Seen for Some in U.S. as OPEC Stands Pat

Source: Bloomberg

For the first time in five years, $2 gasoline is making a comeback in some areas of the U.S., just in time for the Dec. 25 Christmas holiday.

December 1, 2014 Black Friday Fizzles With Consumers as Sales Tumble 11%

Source: Bloomberg

Even after doling out discounts on electronics and clothes, retailers struggled to entice shoppers to Black Friday sales events, putting pressure on the industry as it heads into the final weeks of the holiday season.

December 1, 2014 Russian ruble takes a nosedive on low oil prices

Source: KDH News

MOSCOW (AP) — Russia's ruble hit a new all-time low on Moscow, dropping more than 3 percent as declining oil prices and the conflict in eastern Ukraine are weighing in on the Russian economy.

November 26, 2014 HSBC's Swiss Private Banking Unit to Pay $12.5 Million to Settle U.S. Charges

Source: Bank Investment Consultant

HSBC's Swiss-based private banking arm has agreed to pay $12.5 million to the Securities and Exchange Commission to settle charges that it violated federal securities laws by providing unregistered cross-border brokerage and...

November 26, 2014 China Widens ‘Tax-Evasion’ Net Amid Microsoft Case

Source: Bloomberg

China is expanding efforts to rein in what authorities say is tax evasion by foreign companies, with Microsoft Corp. (MSFT) being required to pay more than $150 million, according to a person familiar with the matter.

November 26, 2014 U.S. GDP grows at better-than-expected 3.9% pace in third quarter

Source: LA Times

While economic growth in much of the world slowed, the U.S. recovery hummed through the summer at an unexpectedly robust pace and posted its best six-month performance in 11 years..

November 25, 2014 Stocks: 5 things to know before the open

Source: CNN Money

Stock markets seem unstoppable these days, with the Dow Jones industrial average and S&P 500 continually climbing to fresh record highs. But more muted trading is likely Tuesday.

November 25, 2014 European shares at two-month high, oil flat ahead of OPEC

Source: Reuters

Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week.

November 25, 2014 FINRA fines Citigroup for supervision failures

Source: Banking Business Review

The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $15m as it failed to supervise communications between its equity research analysts and its clients and Citigroup sales and trading staff...

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