News by tag: US

20.01.2017

Sig Sauer will be the new US Army handgun

Half a decade into its search for a new handgun, the US Army has chosen Sig Sauer's version of the Modular Handgun System, according to a Thursday announcement from the Army. The $580 million contract announced yesterday covers procurement over 10 years. Sig Sauer is a German Swiss company and will provide thousands of new handguns to the US military under the contract over the next decade, the Defense Department explained. 

 
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20.01.2017

IBM revenues beats estimates

IBM reported fourth-quarter earnings and revenue that beat Wall Street expectations on Thursday, thanks largely to the company’s transition towards higher-margin and faster-growing businesses like the cloud and Big Data analytics. But the iconic New York–based enterprise technology company has now suffered 19 straight quarters of declining year-over-year total revenues, a streak that has kept would-be investors on the sidelines. While earnings per share rose 4% from a year ago, revenues were down 1%, the company said. IBM's revenue has decline from the year-ago quarter since April 2012, when sales were nearly flat.

 
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19.01.2017

Alibaba boss Ma: world should give Trump some time

Chinese e-commerce giant Alibaba’s executive chairman Jack Ma said the company’s ambitions to link up with Hollywood remain strong and also urged people to give President-Elect Donald Trump “some time” because “he’s listening.” Speaking at the World Economic Forum in Davos, Switzerland on Wednesday, the Chinese billionaire said Alibaba had a debate five years ago about what Chinese people want. “Happiness and health,” he said. “We believe the movie industry brings happiness. Today, no one is happy. Rich people aren’t happy. Poor people aren’t happy. At least when I watch a movie I’m happy.”

 
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19.01.2017

Credit Suisse finalizes $5.28 bn deal over US mortgage claims

Department of Justice (DOJ) announced on Wednesday that Credit Suisse will pay $5.28 billion in the settlement, which relates to the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities between 2005 and 2007. Credit Suisse announced in late December that it reached a settlement in principle with the DOJ which made it official. Under the terms of the settlement, Credit Suisse will pay $2.48 billion as a civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act.

 
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18.01.2017

Deutsche Bank agrees to pay $7.2 bn for toxic mortgages

Deutsche Bank has signed a $7.2 billion settlement with the U.S. Department of Justice (DOJ) over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.  The settlement requires Deutsche Bank to pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA).  Under the settlement, Deutsche Bank will also provide $4.1 billion in relief to underwater homeowners, distressed borrowers and affected communities.

 
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13.01.2017

Soros: $1 billion loss due to Trump's victory

Hedge fund legend George Soros lost a lot of money after the election of Donald Trump, according to a new report from The Wall Street Journal. Sources familiar with the hedge fund manager’s trading said he remained cautious going into the November election and then made the mistake of becoming more bearish immediately after Mr. Trump’s win. The stock market rallied on expectations that Mr. Trump’s policies would boost the economy, causing Mr. Soros’ trading positions to incur losses approaching $1 billion, sources told The Journal.

 
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12.01.2017

Ex-Barclays banker sentenced in US prison for insider trading scheme

A former director at Barclays was sentenced on Wednesday to five months in a U.S. prison for repeatedly passing tips about mergers under way at the bank to a plumber, who made thousands of dollars trading ahead of the deals' announcements. Steven McClatchey, 58-year-old former banker, in July admitted to leaking confidential information to plumber Gary Pusey, who allegedly made about $76,000 trading ahead of deals involving PetSmart Inc., Omnicare Inc. and others. In court, McClatchey saying he had provided the insider tips to ingratiate himself with the plumber, Gary Pusey, in hopes of getting a "simpler, less stressful" job outside of Wall Street with his 20-employee plumbing business in Long Island.

 
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12.01.2017

Technical analysis : USD/JPY continues to suffer from Trump' conference

After experienced some high volatility, the US Dollar suffered another leg down on Wednesday, but managed to remain above the immediate support, namely the weekly S1. Moreover, Donald Trump said nothing to support USD bulls yesterday, causing bears to take over. This USD/JPY weakness is likely to persist today, with the immediate support area around 115.00, namely the weekly S1 and the Bollinger band, being incapable of limiting the losses. Instead, attention should be paid to the second demand cluster, located at 113.50 and formed by the weekly S2 and the monthly S1.  

 
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10.01.2017

Populist Vote & Equity Markets

With the populist vote sweep the upcoming elections across Europe

 
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10.01.2017

Yahoo to change name in Altaba, CEO Mayer near to leave board

Yahoo, one of the Internet's most venerable companies, won't exist for much longer. According to SEC paperwork filed on Monday, it will be rolled into a publicly-traded investment company called Altaba. Basically, Verizon is paying $4.8 billion solely for Yahoo's core internet business, leaving behind Yahoo's 15% of Chinese retail giant Alibaba and a part of Yahoo Japan, which is a joint venture with Softbank. Those assets will continue to exist in a separate company that will now operate under the catchy Altaba name.

 
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  • 25
    Jan

    Why Malta – a vibrant economic environment in a dynamic jurisdiction

  • 25
    Jan

    The Paris Fintech Forum 2017, organized by Altéir with the support of 60+ international partners, a

  • 26
    Jan

    I presidi informativi in fase di implementazione a livello internazionale ed europeo attraverso le m

  • 26
    Jan

    Im Banking steht der Kunde im Zentrum, das war schon immer so. In einem sich stark verändernden Umf

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