Archives
Schwab drops Pimco Total Return from target date portfolios
October 3rd, 2014
Charles Schwab Corp (SCHW.N) has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday. Schwab is looking for a replacement for the Pimco fund and has ...
JPMorgan faces cyber attack with more than 76 Million accounts compromised
October 3rd, 2014
The disclosure by the bank dwarfs earlier estimates that hackers had gained access to roughly one million customer accounts. A cyberattack this summer on JPMorgan Chase compromised the accounts of 76 million households and seven million small businesses, a ...
How to spread the risk of energy investing for income
October 2nd, 2014
As the world continues to recover from the recession of 2008-09, those who depend on their investments for income have faced a challenge. Central banks in all of the major developed nations responded to the financial crisis and the ...
China to Impose Quota on Local Government Debt Amid Risks
October 2nd, 2014
China announced plans to cap the amount of debt local governments can take on and ban them from additional borrowing through financing vehicles as authorities step up efforts to control risks to the financial system. All borrowing by provinces ...
Draghi’s Buying Spree for the ECB Might Start Modestly
October 2nd, 2014
When Mario Draghi writes his first check to pay for asset purchases, he might not use much ink. While the European Central Bank president pledged to start a program this month to buy asset-backed securities and covered bonds, initial ...
Banks pull out of dozens of benchmarks after rate-rigging scandals
October 2nd, 2014
Some of the world’s largest banks have stopped contributing to dozens of financial benchmarks to avoid further litigation risk in the wake of the Libor and foreign exchange rate rigging scandals. Deutsche Bank, Citigroup, JPMorgan and UBS, among others, ...
Russia debt freeze is lesson for Hong Kong
October 2nd, 2014
Beyond a few wobbles, global markets have proved remarkably indifferent this year to political risks – whether Russia’s incursions into Ukraine, Iraq’s descent into chaos or democracy protests in Hong Kong, which have this week tested China, the world’s ...
Australia 200 – Enjoys Some Support Around 5250
October 2nd, 2014
Australia 200 for Thursday, October 2, 2014 For all of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 and ...
Tax Tactics Threaten Public Funds
October 2nd, 2014
When the European Commission charged this week that Ireland’s sweetheart tax treatment of Apple amounted to an illegal corporate subsidy, the company said that it had done nothing wrong. Corporate tax strategies intended to minimize global taxes, by hook ...
Natural Gas Causing ‘Detour’ on Road to Cleaner Fuel
October 2nd, 2014
Natural gas is often promoted as a cleaner alternative to gasoline — a kind of “bridge fuel” between emission-heavy energy sources and zero-emission renewables like solar and wind. But a new study casts doubt on the benefits of natural ...
