Posts Tagged ‘bank’

Gains in Emaar Boost Dubai’s Stocks

by Forex Rooton July 27, 2014 9:51 am BST
Emaar shares rose to 9.70 dirhams, set for the biggest advance in a week. DIB gained to 7.29 dirhams. Shares in Dubai ended a three-day losing streak, led by gains in Emaar (EMAAR) Properties PJSC amid bets the developer’s second quarter earnings will exceed investor expectations. Dubai-based property and construction companies are benefiting from a […]

Yellen Says ‘High Degree’ of Easing Needed Amid Job-Market Slack

by Forex Rooton July 15, 2014 3:13 pm BST
Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labor markets and inflation is still below the Fed’s goal. “A high degree of monetary policy accommodation remains appropriate,” Yellen said today in semi-annual testimony prepared for delivery to the Senate Banking Committee. “Although […]

UK Inflation Rises To 1.9% In June

by Forex Rooton July 15, 2014 10:28 am BST
The Consumer Prices Index rose to 1.9%, up from 1.5% in May, according to the Office for National Statistics. The rate of UK inflation rose sharply in June, pushed up by higher clothing and footwear, and food and non-alcoholic drinks prices, official figures show. Rising air fares and furniture prices also pushed the inflation rate […]

Financial Markets on Fear After Espirito Santo Bank Problems

by Forex Rooton July 13, 2014 11:24 pm BST
Concerns after Espirito Santo Bank (Portugal’s largest listed bank) was badly exposed to its owners’ accounting problems brought huge attention and raised alerts in Europe and the U.S. Investors on fear asking whether there were more shoes to drop in European banking. Also some excess speculation that has been building up in various corners has […]