LONDON, Jan 27 (Reuters) – Daily currency trading in London, the world’s main foreign exchange centre, rose by 11 percent in the six months to October of last year to a record $2.67 trillion a day, a half-yearly survey by the Bank of England showed on Tuesday.
MOSCOW, Jan 27 (Reuters) – Russian financial markets saw a muted reaction on Tuesday after ratings agency S&P downgraded the country’s sovereign credit rating to ‘junk’, with the rouble strengthening and Moscow-listed shares broadly steady.
BRUSSELS, Jan 27 (Reuters) – The European Union must better monitor anonymous money transfers to crack down on the financing of terrorism and this idea will be part of proposals to be presented to the bloc’s leaders next month, France’s finance minister said on Tuesday.
TEL AVIV, Jan 27 (Reuters) – Bank Leumi estimated on Tuesday that a $400 million deduction to be taken by conglomerate Israel Corp in its 2014 financial results would lower the bank’s annual net profit by about 250 million shekels ($63 million).
Hedge fund manager Bill Ackman, the CEO of Pershing Square Capital, has gained $11.6 billion for his investors since 2004, according to fund-of-funds LCH Investments NV. The 48-year-old activist investor is now ranked No. 19 on LCH’s “Greatest Money Managers” list. The list measures net gains (after fees) of hedge fund manager’s since their respective fund’s inception…
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