Full service broker meets online standard
Back in 2000, when internet access was a fledgling market in Egypt, the founders of Sigma Securities were ahead of the financial services market in launching the first online trading platform. Today, Sigma remains at the forefront of online brokerage in Egypt through its ongoing investment in its people and technology. Sigma offers the full […]
BNP Paribas beats Q4 forecasts on lower charges
France’s biggest listed bank BNP Paribas took fewer bad debt provisions than expected in the fourth quarter, helping it beat profit forecasts, and said these charges would be lower again in 2010. BNP struck a relatively confident note despite the economic uncertainty clouding the banking industry. Its profit was up on the previous quarter and […]
Trading without frontiers
The spoken word started civilisation, the printed word started industrialisation, and the internet started the information age. Today, the world is open for businesses, as the internet has fundamentally reshaped international markets and brought the vision of a global economy to fruition. The internet has brought us closer for we no longer live estranged and […]
Fixing the framework
The financial crisis has deeply affected the modus operandi of all the main players in the markets and raised new questions for policy makers and regulators. These questions regard, on the one hand, how to handle the crisis itself, and on the other hand, how to remove the structural imbalances, both at macro and micro […]
Embracing market opportunities
As a global supplier of transaction services, Neonet’s mission is to simplify global trading, enabling their clients to capitalise on increased trade fragmentation and new technical opportunities. Based in Sweden, the company was established in 1996, with growing operations also conducted across the UK, Italy and Germany, as well as the US. The company is […]
Japan finmin wants 1 pct inflation, BOJ help
Japan’s finance minister said he would like to see price growth of one percent and urged the Bank of Japan to cooperate in beating deflation, putting fresh pressure on the central bank for more action to support a fragile economy. BOJ Governor Masaaki Shirakawa said the central bank was willing to cooperate, but he offered […]
Political inertia may trump vision in India budget
The Indian government’s first full-year budget since its resounding re-election may signal that increasing populism and ruling coalition infighting will triumph over policies to liberalise the economy and cut record borrowing. This could be the year for India. The world is looking for motors of growth in Asia, the $1.2trn Indian economy is recovering faster […]
German halt casts shadow over European GDP recovery
Europe’s post-recession recovery has hit a roadblock as German economic growth unexpectedly ground to a halt in the final quarter of 2009, though France made up for some of the damage. The news comes at a hard time for Europe’s single currency bloc as governments struggle to sort out Greece’s debt difficulties and contain financial […]
US foreclosures drop in Jan but more loom
US mortgage foreclosure filings dropped in January but the decline may prove only temporary as housing-rescue efforts fall short of addressing current drivers, a report released on Thursday showed. Foreclosures are by far one of the biggest threats to the US housing market, which remains highly vulnerable to setbacks and heavily reliant on government intervention. […]
EU assembly rejects US bank data deal
A nine-month interim agreement went into force provisionally at the start of February but deputies from the assembly’s Liberal, Socialist and Green groups opposed it on the grounds it failed to protect the privacy of EU citizens. Washington will now have to seek other ways to access information on money transfers in Europe until it […]
