Search Results for: foreign exchange
Crypto’s plunge worse than dot-com crash
September 14th, 2018
As virtual currencies plumbed new depths on Wednesday, the MVIS Crypto-Compare Digital Assets 10 Index extended its collapse from a January high to 80 per cent. The tumble has now surpassed the Nasdaq Composite Index’s 78 per cent peak-to-trough ...
Forex trader and firm charged with fraud and registration violations
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) filed a federal court enforcement action in the U.S. District Court for the Southern District of New York against Jason Amada of New York, New York, and Amada Capital Management LLC (ACM), a ...
European stocks finish in the red; What are strategists saying?
August 14th, 2018
European stocks closed with losses Monday, as Turkey’s perilous financial condition weighed on sentiment. Bayer AG shares were another big drag, after a U.S. court ruling against the company’s Monsanto unit. What are markets doing? The Stoxx Europe 600 dropped ...
Another week, another improvement in Gold’s prospects
August 6th, 2018
The past few months have added some cred to the “sell in May and go away” rule of thumb for precious metals, as gold’s price action has been both boring and depressing. It’s now close to its 12-month low, ...
European shares seen opening lower on US-China trade worries
August 2nd, 2018
European shares may drift lower at open on Thursday amid reports the Trump administration is mulling raising tariffs on Chinese goods. A spokesperson for China’s Foreign Ministry accused the US of “blackmail” and warning of inevitable countermeasures if the ...
Deutsche Bank subsidiaries will pay nearly $75 million to settle charges
July 23rd, 2018
The Securities and Exchange Commission (SEC) announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). The case stems from a continuing SEC investigation ...
Trump’s Whirlwind European Tour
July 18th, 2018
President Trump visited Britain on a much-anticipated visit. The political situation in Washington is very different from when Mrs May last visited. In Washington, President Trump appears to have successfully gained control of and tamed the Deep State, while ...
Credit Suisse to pay millions in dollars to settle criminal penalty and charges
July 9th, 2018
The Securities and Exchange Commission announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign ...
Oil, the petrodollar, and the next emerging market crisis
June 21st, 2018
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because ...
Chinese tycoon Jack Ma’s online payments firm is now worth more than Goldman Sachs
June 11th, 2018
Chinese tycoon Jack Ma’s online payments company just raised a huge pile of cash from investors. Ant Financial said in a statement Friday that it has brought in $14 billion from Chinese and foreign investors. It plans to use ...
