Search Results for: Wall Street Journal
VW Emissions Probe Zeroes In on Two Engineers
October 5th, 2015
Volkswagen investigation focuses on two men elevated after Winterkorn was made CEO Two top Volkswagen engineers who found they couldn’t deliver as promised a clean diesel engine for the U.S. market are at the center of a company probe into the ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
Greece Could Return to Bond Markets Soon, Tsipras Says
September 30th, 2015
Greek prime minister warns that Europe’s migration crisis could harm efforts to turn around fragile economy Greek Prime Minister Alexis Tsipras said his country could return to bond markets soon, if it reached a debt-restructuring deal with creditors in the coming ...
Swiss Investigate Seven Banks Over Precious Metals Market Trading
September 28th, 2015
Inquiry involves possible collusion between UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui A Swiss regulator has opened an investigation into precious metals trading at a group of large banks, marking the latest in a line ...
Volkswagen CEO Promises Action on Emissions Scandal in Letter
September 28th, 2015
Matthias Müller wasted no time asserting his authority after Volkswagen AG tapped the chief of its Porsche sports car unit last week to take the helm of the entire group. He has promised investors and customers a thorough investigation into the emissions cheating ...
China Cannot Let This Happen
September 24th, 2015
After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending and unstable financial markets. But it’s not France, Canada or ...
Oil futures slide with focus on U.S. oil supply
September 22nd, 2015
Crude-oil futures dropped Tuesday, giving up some of the prior day’s strong gains, as analysts said data on U.S. oil supply and China’s economy could cause more price volatility this week. Oil-futures for delivery in November CLX5, -2.49% fell ...
Asia Currencies Slide After Fed Officials Signal Rate Increase Possible in 2015
September 22nd, 2015
Most Asian currencies weakened on Tuesday after comments by U.S. Federal Reserve speakers suggested the central bank could raise interest rates as early as next month, while shares made modest gains ahead of a reading on Chinese manufacturing. The ...
Why The Big Banks Want Higher Interest Rates
September 21st, 2015
Something strange is happening in the banking business. In theory, a low interest rate environment is good for banks because it allows them to borrow money for next to nothing and lend it to auto or home buyers for ...
Saudi Arabia Just Got Turned Into an ETF
September 17th, 2015
Now that you can have instant exposure to Middle Eastern stocks, the question is: Do you want it? Like a game of Risk, the entire world is slowly but surely getting wrapped up by U.S. exchange-traded fund issuers. The IShares MSCI Saudi ...
