Sirius shares climb after $250m deal plugs funding gap on Yorkshire mine project September 14, 2018 Sirius Minerals has struck a $250m (£190m) deal to plug a funding gap after its Yorkshire mine project costs rose. The company's shares tumbled more than 18 per cent earlier this month when the miner said it may need an extra $600m to construct its mine under the North York Moors. It said the initial $3bn [...]
Sirius shares climb after $250m deal plugs funding gap on Yorkshire mine project September 14, 2018 Sirius Minerals has struck a $250m (£190m) deal to plug a funding gap after its Yorkshire mine project costs rose. The company's shares tumbled more than 18 per cent earlier this month when the miner said it may need an extra $600m to construct its mine under the North York Moors. It said the initial $3bn [...]
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: [...]
