RSS Facebook Twitter

Contact Us

Executive Director:

charles.raultATcyceon.com (AT = @)

Any other inquiries:

contactATcyceon.com (AT = @)

To know more:

UK Financial Conduct Authority (FCA) has handed Deutsche Bank AG a $340 million fine, its largest ever for LIBOR and EURIBOR-related (collectively known as IBOR) misconduct. “This case stands out for the seriousness and duration of the breaches by Deutsche Bank,” FCA official Georgina Philippou said.

Petrobras presented a loss of $7.18 billion in 2014, in part due to the charges of the Federal Police’s “Operação Lava Jato” anti-corruption investigation. However the group’s oil and natural gas production (in Brazil and abroad) rose by 5% in relation to 2013, reaching an average of 2.699 million barrels of oil equivalent per day (boe) in 2014.

Since Rouhani administration took office in 2013, Iran’s Finance Ministry wrote, European countries has started to revise their attitude towards the Islamic Republic, with a significant increase in the number European trade delegations visiting Iran.

“I believe ISIS is our greatest enemy right now,” Russian Foreign Minister Sergei Lavrov said in an interview with Russian radio stations. “As far as (relations with the) United States are concerned, these are state issues, these are issues of the world order, which have to be resolved through talks,” Lavrov added.

OAO Gazprom considered the claims brought by the European Commission (EC) to be unsubstantiated after the adoption of “statement of objections” on antitrust charges. “Operation of Gazprom Group on the EU market, including applicable principles of gas pricing, meets the standards that are used by other producers and exporters of gas,” the communiqué said.

US existing-home sales jumped in March 2015 to their highest annual rate in 18 months, according to the National Association of Realtors (NAR). “The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years,” Lawrence Yun, NAR chief economist, commented.

“For the moment I’d say the delivery of the Mistrals (to Russia), in the context we all know, isn’t possible. (…) If the boats aren’t delivered, I don’t see how they could be paid, this is quite a simple principle. (…) Among the different hypotheses, you’d have reimbursement or payment,” French President François Hollande said.

“The Shanghai Composite Index is up 94 percent over the last 12 months and some $4 trillion has been added to the total market value – now $7.3 trillion,” a blog post titled China’s Long-Term Play by the US Department of Commerce underlined.

By 2050, between 63 and 83 million people in the Latin American region will be at risk of not receiving an adequate pension, unless pension systems are reformed and efforts are made to increase formal sector employment, according to a joint report released at the Inter-American Development Bank (IDB) and the OECD.

Get more In Brief...

Our Services

The Podcast

PDF Letter

Popular Topics

The Interviews

Popular Articles

© 2014-2015 Cyceon, all rights reserved. | Cyceon is a Strategic, Economic and Financial News service. | About us - Contact us