Search Results for: fed
Bitcoin flounders in Australia as regulatory worries bite
October 5th, 2015
Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency‘s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last ...
Oil up as Russia ready to talk with producers, US rig count drops
October 5th, 2015
Crude oil futures edged up on Monday after Russia said it was ready to meet other producers to discuss the situation in the global oil market, where prices have more than halved from last year’s highs due to a ...
Asia Stocks Jump With Won After Weak U.S. Data; Glencore Surges
October 5th, 2015
Odds of 2015 liftoff pared as U.S. payrolls trail estimates Copper leads metals, commodities higher; China still closed Asian stocks jumped with emerging-market currencies and commodities after U.S.employment and factory reports came in well below estimates, undermining the case ...
SEC Charges Two Grant Thornton Firms With Violating Auditor Independence Rules
October 2nd, 2015
The Securities and Exchange Commission today charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations that occurred when two Grant Thornton Mauritius partners served on the boards of Mauritius-based subsidiaries of companies ...
HSBC must face Chicago predatory lending lawsuit – judge
October 2nd, 2015
HSBC Holdings Plc must face a lawsuit accusing the British bank of violating the U.S. Fair Housing Act by engaging in predatory mortgage lending in the Chicago area, a federal judge in that city ruled on Wednesday. U.S. District ...
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 ...
Asian Shares Mostly Lower as Investors Await U.S. Jobs Data
October 2nd, 2015
A stronger reading could increase the chances of a rise in U.S. interest rates by year-end Asian stock markets drifted mostly lower Friday, as investors looked to a coming jobs report in the U.S. for clues about when the Federal Reserve ...
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
The Global Economic Outlook
September 29th, 2015
Global markets have endured a tough summer, hit by a financial crisis that had its origins in China, but spread quickly to other parts of the world. Trillions of dollars have been wiped out in equity values and some ...
Should you fear a ‘Glencore’ moment?
September 29th, 2015
Experts are beginning to warn of the dire financial impact across the mining and metals space if Glencore, one of the world’s largest resource companies, is unable to control its skyrocketing debt load. Hong Kong-listed shares of the Anglo–Swiss commodity ...
