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News

03 Jul UPDATE 1-UK watchdog wants hard evidence from banks on Libor shift

Posted at 09:59h in News by KMFSLLP 0 Comments

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Banks must provide concrete evidence to show that they are ending the use of the Libor interest rate benchmark as a price reference in financial contracts, a senior Financial Conduct Authority official said on Thursday.

03 Jul India’s Ola gets London licence to take on Uber

Posted at 09:46h in News by KMFSLLP 0 Comments

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Competition intensifies in one of the world’s largest taxi markets

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03 Jul UPDATE 2-Homebuilder Persimmon sees revenues fall as it slows new home releases

Posted at 09:14h in News by KMFSLLP 0 Comments

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Persimmon, Britain's second-largest homebuilder, suffered a drop in revenue in the first half of the year as it delayed sales closer to the completion of properties in order to improve customer satisfaction.

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03 Jul IMF board to consider Congo Republic bailout on July 11

Posted at 09:12h in News by KMFSLLP 0 Comments

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The International Monetary Fund's (IMF) executive board will weigh a long-delayed bailout plan for Congo Republic on July 11, according to a calendar published on its website on Thursday.

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03 Jul Foreigners were net sellers of Japan stocks for a 8th straight week June 24-28

Posted at 09:11h in News by KMFSLLP 0 Comments

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Foreigners were net sellers of Japanese stocks for an eighth consecutive week on June 24-28 as caution built ahead of much awaited talks between U.S. and Chinese leaders on the sidelines of the G20 summit in Japan.

03 Jul UPDATE 1-European shares hover at 12-month high on Italy relief, trade optimism

Posted at 08:52h in News by KMFSLLP 0 Comments

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* Osram rises after confirming takeover bid from Bain and Carlyle

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03 Jul UPDATE 1-China’s June new loans over 990 bln yuan, dip from May

Posted at 08:38h in News by KMFSLLP 0 Comments

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* Says has ample weapons to prevent financial risks (Adds details, additional comments on Anbang)

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03 Jul UPDATE 1-Deloitte, partner fined $5.8 mln for UK audit failures

Posted at 08:34h in News by KMFSLLP 0 Comments

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Britain's accounting watchdog has fined Deloitte and one of its partners a total of 4.62 million pounds ($5.81 million) for misconduct related to the audit of financial statements of Serco Geografix Ltd for 2011 and 2012.