Search Results for: Federal Reserve Bank
USD/HKD remains bullish as HKMA Buys $690 Million
July 28th, 2014
Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers ...
Asia stocks drop after earnings hurt Wall Street
July 28th, 2014
Asian stocks faced a drop in Wall Street and hovered near three-year highs on Monday, with China taking the lead after data showed a robust jump in profits earned by industrial firms in the world’s second-largest economy. The dollar ...
IMF Cuts Global Forecast for 2014
July 25th, 2014
The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices. The world economy will advance 3.4 percent ...
U.S. Stocks Rise as Apple Rallies With Health-Care Shares
July 23rd, 2014
U.S. stocks roes, with the Standard & Poor’s 500 Index at an all-time high, as Apple Inc. results boosted technology companies and health-care shares rallied amid earnings. Apple surged to the highest since 2012 after signaling the long wait ...
U.S. SEC poised to adopt reforms for money market funds
July 23rd, 2014
U.S. regulators are expected to adopt rules on Wednesday that force “prime” money market funds used by large institutions to float their share price. Proponents have suggested that moving from the current stable $1 per share net asset value ...
Europe rebounds as Ukraine rebels hand over black boxes
July 22nd, 2014
European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine’s pro-Russian separatists over the downed Malaysian Airlines plane. After days of uncertainty, a train carrying the remains of some ...
Asian shares push higher, shrug off global tension
July 22nd, 2014
Asian stocks touched a three-year peak on Tuesday, despite lingering concerns about crises in Ukraine and Gaza, while the yen eased against the dollar and the euro. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent to ...
Alibaba Plans IPO for After Labor Day
July 18th, 2014
Investors will have to wait a little longer for a chance to buy into the year’s most-anticipated initial public offering. Alibaba Group Holding Ltd. on Thursday decided to push back its IPO—which could raise more than $20 billion—until after ...
Europe Stocks Slide With Russia’s Ruble as Gold Advances
July 17th, 2014
European stocks dropped while gold and the yen rallied as new sanctions sent Russia’s ruble and bonds plunging amid efforts to curb violence in Ukraine. Chinese shares fell as new offerings locked up funds and a potential onshore-bond default ...
Asia follows Wall St. higher, euro probes lows
July 17th, 2014
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger ...
