Norwegian trader leaves €114m hole in Nordic energy trading market September 13, 2018 A Norwegian trader who was once the country’s highest tax payer has been kicked off the Nasdaq after defaulting, leaving a €114m (£101m) hole in the clearing house’s default fund. Power trader Einar Aas said in a statement “My position was too big in relation to the market’s liquidity”. Read more: Former UBS trader Kweku [...]
Norwegian trader leaves €114m hole in Nordic energy trading market September 13, 2018 A Norwegian trader who was once the country’s highest tax payer has been kicked off the Nasdaq after defaulting, leaving a €114m (£101m) hole in the clearing house’s default fund. Power trader Einar Aas said in a statement “My position was too big in relation to the market’s liquidity”. Read more: Former UBS trader Kweku [...]
The illusion of control in an uncertain world September 13, 2018 | City Talk Anil Gaba, professor of decision sciences and the Orpar chaired professor of risk management at Insead, explains how risk and uncertainty are not the same and how control can be gained by paradoxically giving up control. Professor Gaba offers a fascinating insight into luck, chance, control, the illusion of control, and decision making. For example, [...]
The illusion of control in an uncertain world September 13, 2018 | City Talk Anil Gaba, professor of decision sciences and the Orpar chaired professor of risk management at Insead, explains how risk and uncertainty are not the same and how control can be gained by paradoxically giving up control. Professor Gaba offers a fascinating insight into luck, chance, control, the illusion of control, and decision making. For example, [...]
Turkish lira soars after central bank defies Erdogan and raises interest rates September 13, 2018 The Turkish lira has soared after the country's central bank defied President Recep Tayyip Erdogan and increased interest rates. The currency, which had dropped to 6.54 per dollar earlier today, rose to 6.06 per dollar after the bank's monetary policy committee decided to increase interest rates from 17.75 per cent to 24 per cent. It [...]
Turkish lira soars after central bank defies Erdogan and raises interest rates September 13, 2018 The Turkish lira has soared after the country's central bank defied President Recep Tayyip Erdogan and increased interest rates. The currency, which had dropped to 6.54 per dollar earlier today, rose to 6.06 per dollar after the bank's monetary policy committee decided to increase interest rates from 17.75 per cent to 24 per cent. It [...]
Turkish lira falls as Erdogan calls for lower interest rates ahead of central bank decision September 13, 2018 The Turkish lira slumped this morning after President Recep Tayyip Erdogan called for lower interest rates ahead of a crunch central bank decision. The troubled currency dropped to 6.54 per dollar from a high of 6.35 as Erdogan made his position clear just hours before the Turkish central bank's monetary policy committee meeting. Read more: [...]
Turkish lira falls as Erdogan calls for lower interest rates ahead of central bank decision September 13, 2018 The Turkish lira slumped this morning after President Recep Tayyip Erdogan called for lower interest rates ahead of a crunch central bank decision. The troubled currency dropped to 6.54 per dollar from a high of 6.35 as Erdogan made his position clear just hours before the Turkish central bank's monetary policy committee meeting. Read more: [...]
Morrisons recovery continues September 13, 2018 | City Talk Morrisons shares are lower today despite the company reporting a strong set of first-half figures. Same-store-sales for the six-month period jumped by 4.9% and second-quarter sales jumped by 6.3% – a nine year high. Stripping out one-off adjustments, profit increased by 9% to £193 million. When you factor in debt restructuring costs and charges relating [...]
Morrisons recovery continues September 13, 2018 | City Talk Morrisons shares are lower today despite the company reporting a strong set of first-half figures. Same-store-sales for the six-month period jumped by 4.9% and second-quarter sales jumped by 6.3% – a nine year high. Stripping out one-off adjustments, profit increased by 9% to £193 million. When you factor in debt restructuring costs and charges relating [...]