Search Results for: Federal Reserve
Gold Holds Drop Below $1,200 as Dollar Strengthens, SPDR Shrinks
November 20th, 2014
Gold held losses below $1,200 an ounce as a gauge of the dollar traded near the highest level in five years on expectations that U.S. interest rates will rise and assets in the largest exchange-traded product shrank. Bullion for immediate delivery ...
Oil price slide threatens energy subsidies in Arabian Gulf states
November 10th, 2014
Low oil prices may lead Arabian Gulf states to issue additional debt and cut energy subsidies, according to the ratings agency Standard and Poor’s. “If there’s a prolonged oil price correction, corporate and government-related entities may have to change ...
Lame Duck Congress Likely to Pass Tax Extenders
November 7th, 2014
A panel of Congressional staffers was unanimously optimistic Thursday morning that the lame-duck Congress would pass a package of “extenders,” including ones that would preserve tax breaks for research and development investments and purchases of equipment. Summing up the ...
GM tells court it not liable for claims over pre-bankruptcy cars
November 6th, 2014
General Motors (GM.N) said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of ...
SEC Sanctions Florida-Based Auditor for Circumventing Rules
October 27th, 2014
The Securities and Exchange Commission sanctioned a Florida-based auditor for violating federal laws and regulations requiring lead audit partners to periodically rotate off their audit engagements with a publicly traded company in order to preserve the integrity of the ...
Asia stocks mostly rise after European bank stress tests
October 27th, 2014
Asian stocks mostly rose after most of Europe’s largest banks passed a stress test aimed at checking the strength of the region’s financial system. European regulators examined the balance sheets of 130 lenders. In total, 25 banks failed, ten ...
Fed Chair Yellen’s assets up 8% during 2013
August 29th, 2014
Value of portfolio totals between $5.3 million and $14.1 million, latest financial disclosure shows. Federal Reserve Chair Janet Yellen’s assets rose in value by at least 8% during 2013, raising their total to between $5.3 million and $14.1 million, ...
Lawmakers criticize Fed’s crisis lending program
August 19th, 2014
Federal Reserve was urged to limit its crisis lending programs for big banks from a bipartisan group of lawmakers. During the crisis, the Fed invoked its emergency lending powers to pump cash into Citigroup, Morgan Stanley and other banks ...
Mexican Congress Approves New Rules for Oil Industry
August 6th, 2014
Mexico’s Congress approved on Tuesday a sweeping overhaul of the energy industry that cleared the way for international giants to tap Mexico’s rich reserves of oil and gas. The new legislation is the centerpiece of President Enrique Peña Nieto’s ...
European Shares Swing Amid Earnings as Euro, Oil Retreat
July 31st, 2014
Europe’s benchmark equity index fluctuated amid mixed earnings, while the euro traded near a nine month low versus the dollar. Banco Espirito Santo SA shares were suspended after it said it will need to raise funds while emerging-market stocks ...
