Top 10 Weekly Forex Market Headlines – 08.08.2014

1. Portugal splits BES into ‘good’ and ‘bad’ banks in €4.9 billion rescue August 4, Portugal’s central bank has split the troubled Banco Espirito Santo into “good” and “bad” banks in a rescue that will cost billions but protect taxpayers and bank customers. Under the €4.9 billion ($6.6 billion) plan, most of the bank’s deposits, […]

Portugal splits BES into ‘good’ and ‘bad’ banks in €4.9 billion rescue

HONG KONG (CNNMoney) Portugal’s central bank has split the troubled Banco Espirito Santo into “good” and “bad” banks in a rescue that will cost billions but protect taxpayers and bank customers. Under the €4.9 billion ($6.6 billion) plan, most of the bank’s deposits, branches…

Daily Forex Market Review 08/04/14 (+40 pips)

Today’s Trade Result: +40 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Month In Motion – April~July 2014

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Daily Forex Market Review 07/14/14 (+15 pips)

Today’s Trade Result: +15 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Portugal’s central bank calls urgent meeting to approve new BES management

LISBON—Banco Espírito Santo SA’s new chief executive officer is expected to take over as early as Monday, as Portuguese regulators seek to shoo away fears about the lender’s financial health amid troubles at its parent group…

Top 10 Weekly Forex Market Headlines – 07.11.2014

1. Australia, Japan sign economic partnership pact, military deal July 8, Japanese Prime Minister Shinzo Abe and Australian counterpart Tony Abbott on Tuesday signed an economic partnership pact as well as an agreement on military equipment and technology transfers, a week after Abe loosened curbs on Japan’s military. Earlier Abe told Australia’s parliament that the […]

4 reasons to stay calm over crisis-hit Portuguese bank BES

LONDON (CNNMoney) European financial markets have begun to calm down from the shock waves sparked by a Portuguese bank’s struggles, which revived memories of the region’s debt crisis. European stocks, which slumped Thursday, rebounded slightly early Friday. Shares in Banco Espirito Santo, which plunged 17% before trading was suspended Thursday, rose in Lisbon Friday as […]

Portuguese PM tries to ease fears; BES assures losses will not put bank at risk

(Reuters) – Portugal’s government and central bank assured investors on Friday that the southern European country’s financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire…

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