Charles-Henri Sabet, the founder of Synthesis Bank Geneva, at the time the leading Swiss online bank and the Rowland Family, British owners of Banque Havilland in Luxembourg and Monaco, have increased the capital of Jiffix Markets Ltd, making the company one of the strongest capitalized online forex companies in Cyprus.
The Board of Jiffix Markets Ltd will benefit from the arrival of Charles–Henri Sabet as Chairman of the Board, who built his reputation in online banking and from Jean-François Willems, CEO of Bank Havilland, one of the most successful private banks in Luxembourg. Their combined experience in key banking sectors will propel JFX.com to the highest level in the industry.
To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/prne/jiffix-market-ltd/56564/
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Saxo Bank, the online trading and investment specialist, believes a reasonably positive economic momentum barring a geopolitical crisis is likely during Q2 2012. The eventual return of QE seems inevitable as central banks try to keep the crisis at bay and the compounding of policy errors failing to address the solvency problem and growing social and geo-political friction will potentially lead to an explosive outcome.
According to the Bank’s analysts, Europe will continue on the path of flat growth despite the Eurozone having entered recession at the tail-end of last year. However the rebound in economic growth in the US will eventually spill over into Europe, and Asia will continue to aid its growth through imports. If the recovery in the US fails to provide enough jobs momentum a return of QE some time in Q3 may be a possibility. In Asia, the critical question is China, as losses on investments continue to accumulate and eventually need to be realised.
To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/prne/saxobank/53812/
Increasing numbers of investors are turning to VIX® volatility index options and futures to manage risk and capitalize on market volatility. VIX® options and futures are traded exclusively on the Chicago Board Options Exchange (CBOE) and CBOE Futures Exchange (CFE).
Since its creation in 1993, the CBOE Volatility Index® (the VIX® index) has been the most widely-followed barometer of market volatility. By using real-time options prices on the S&P 500® Index to get a true snapshot into how the marketplace views expected volatility, the VIX® index is an incredibly valuable tool for traders.
To view Multimedia News Release, go to http://www.multivu.com/players/English/52002-cboe-vix-options-and-futures
Saxo Bank’s operating income increased 6% in 2011 to reach DKK 3.53 billion, compared to DKK 3.34 billion in 2010. The Bank continued to invest in developing the business which meant that staff costs and administrative expenses increased 12%. Thus, net profit was DKK 618 million, down 4% from the previous record year. EBITDA of DKK 1.16 billion increased 4% compared to 2010.
To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/prne/saxobank/53784
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Robert Morris University marked its 90th anniversary Tuesday evening during a celebration at its new School of Business complex, the centerpiece of a $40 million fundraising campaign.
Robert Morris was founded on Sept. 21, 1921, in downtown Pittsburgh as the Pittsburgh School of Accountancy. The new 18,000-square-foot School of Business complex, which includes The PNC Trading Center, The United States Steel Corporation Video Conferencing and Technology Center, and The ATI Center, gives the university’s business school its first official home at its suburban Pittsburgh campus.
To view Multimedia News Release, go to http://www.multivu.com/mnr/50792-robert-morris-university-90-th-anniversary-new-business-school-complex
Uncertainty and erratic moves will be the norm rather than the exception reports Saxo Bank, the online trading and investment specialist, in its economic outlook for the third quarter of 2011. The second half of 2011 will be volatile and the uncertainty almost as great as during the financial crisis.
The most probable outlook for Q3 is that the world extends monetary stimulus across the global economies. This will bring marginal higher growth but also increase the burden on fiscal payments and a need for structural changes. Any long-term solution needs to be forward looking and involve an agenda for dragging Europe out of the low growth stalemate. A solution based on buying more time will only take us closer to the feared full blown Crisis 2.0.
To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/prne/saxobank/50522/