Archives
Corn, Soybean Futures Drop as U.S. Freeze Concerns Ease
September 9th, 2014
Corn and soybean futures fell as concerns eased that frost will damage plants in parts of the U.S., the world’s top grower of the crops. Wheat dropped to a five-week low. The odds for a damaging freeze in northern ...
Fed Research Shows Investors Underestimate Path of Rate Rise
September 9th, 2014
Low volatility across financial markets may signal investors are underestimating how quickly the Federal Reserve will raise interest rates, according to researchers at the San Francisco Fed. “Surveys, market expectations, and model estimates show that the public seems to ...
ASIC cancels margin forex company’s AFS licence
September 9th, 2014
The Australian regulator, ASIC, has cancelled the Australian financial services (AFS) licence of Global Derivative Services Pty Ltd (GDS) after an investigation found it failed to comply with a number of its AFS licence obligations. According to its website, ...
Brent Oil Drops Below $100 after Chinese Data
September 9th, 2014
Oil tumbled by $1 on Monday, with Brent sliding below $100 a barrel for the first time in more than a year and West Texas Intermediate tumbling to near its lowest of 2014, as Chinese and U.S. data pointed ...
Gold Remains Under $1260 on U.S. Dollar Strength
September 9th, 2014
Gold hovered near its lowest in three months on Tuesday after sharp overnight losses as the dollar traded at 14-month highs against a basket of major currencies, dimming the metal’s appeal as a currency hedge. Spot gold had slipped ...
Morgan Stanley to pay $95 million in U.S. mortgage-debt settlement
September 9th, 2014
Morgan Stanley (MS.N) has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The settlement, disclosed in court papers ...
Wall St middle-aged bankers stuck in squeezed middle
September 9th, 2014
It is Wall Street’s “squeezed middle”: a large cohort of bankers in their thirties and forties are fretting that promotions to their banks’ top tier are becoming harder to secure. Many of them accept that being stuck on a ...
Dollar sweeps higher, Japan shares shy from peaks
September 9th, 2014
The U.S. dollar held on to broad-based gains in Asia on Tuesday in a boon for shares of Japanese exporters but a burden for oil, gold and stocks in the energy majors. As the dollar finally broke to a ...
Junior Mining Companies Looking for Financial Lifeboats
September 9th, 2014
Any company will tell you that panic starts to set in once the confidence of the board or of investors begins to wane. This is precisely the situation in the mining industry. As a result, mining companies have sought ...
Asian Equities Mixed on Soft Lead
September 9th, 2014
Asian indices were mostly higher on Tuesday amid light volumes as markets in South Korea and Hong Kong were closed for the Mid-Autumn Festival. Overnight in the U.S., Wall Street closed mixed with energy producers leading losses on oil’s ...
