10 September, 2015 by The TZ Newswire Staff Comments Off on Citi shared central bank info with clients: ex trader
Citi shared central bank info with clients: ex trader
Citigroup sent details of its central bank customers’ trading activity to another client and handed out details of its foreign exchange order book to customers in electronic chatrooms, a former foreign exchange trader said in a witness statement to a London court on Thursday. Perry Stimpson, a former Citigroup currency trader who is claiming unfair dismissal, said the practices, which breached client confidentiality, were well known by senior managers.
10 September, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart finds ‘material weakness’ in controls over accounting of leases
Wal-Mart finds ‘material weakness’ in controls over accounting of leases
Wal-Mart, which had flagged the accounting issue when reporting quarterly earnings last month, said management believed related adjustments to its financial statements would be immaterial for all periods. The company said it was revising its existing controls and procedures to properly apply sale-leaseback accounting, and the remediation is expected to be completed in the year ending January.
10 September, 2015 by The TZ Newswire Staff Comments Off on Avon in talks with private equity firms for stake sale: WSJ
Avon in talks with private equity firms for stake sale: WSJ
The company is conducting an auction process for a private investment in public equity (PIPE) with firms including Cerberus Capital Management and Platinum Equity, the WSJ reported, citing people familiar with the matter. Bids for the auction are due next week, the paper said, adding that such an investment is just one of the options Avon is looking at. It is unclear what the size of the stake would be or if the deal would go through, the WSJ said.
10 September, 2015 by The TZ Newswire Staff Comments Off on Nomura pushes back its RBA rate cut forecast to Feb 2016
Nomura pushes back its RBA rate cut forecast to Feb 2016
For those of you following their analysis
– previous forecast was for Nov 2015
– says RBA has been offering a more positive narrative lately
– RBA likely to have drawn comfort from significant decline in AUD
AUDUSD currently 0.7068 still in consolidation mode after yesterday’s strong recovery from below 0.7000
10 September, 2015 by The TZ Newswire Staff Comments Off on Data coming up in this session 11 September
Data coming up in this session 11 September
Greetings one and all
A quieter session in Asia but as Eamonn said in his it’s certainly not time to pack up for the week-end just yet
wrap
Data wise we German and Spanish inflation info and there’s a Eurogroup meeting to provide some rhetoric.
10 September, 2015 by The TZ Newswire Staff Comments Off on Mutual Funds Weekly: How mutual fund and ETF investors can get a better handle on volatile markets
Mutual Funds Weekly: How mutual fund and ETF investors can get a better handle on volatile markets
Timely insights to help you become more skilled at handling whatever the markets dish out.
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10 September, 2015 by The TZ Newswire Staff Comments Off on Capitol Report: Emotional Biden tells Colbert he’s ‘not there’ on White House bid
Capitol Report: Emotional Biden tells Colbert he’s ‘not there’ on White House bid
Vice President Joe Biden did not make any news about a potential White House bid in a taping of an episode of “the Late Show with Stephen Colbert” that will air Thursday evening
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