Search Results for: currencies
BofA Executive’s Job Said Held Up by Deutsche Bank Probe
November 6th, 2014
Deutsche Bank AG (DBK)’s examination of how employees handled deals with the world’s oldest lender is preventing Michele Foresti from starting his new job at Bank of America Corp. (BAC), according to three people briefed on the matter. Foresti, who ...
The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now
November 6th, 2014
How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment. You ...
Euro edges higher, stocks sag before ECB meeting
November 6th, 2014
The euro edged higher and European stocks pulled back on Thursday as investors waited to see how ECB chief Mario Draghi responds to another run of poor euro zone data and reports of disquiet about his leadership style. The ...
Russia may ban circulation of US dollar
November 6th, 2014
Russia may ban the circulation of the United States dollar. The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports. If the bill is approved, Russian ...
It’s Currency War! – And Japan Has Fired The First Shot
November 4th, 2014
This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist. In a surprise move on Friday, the Bank of Japan dramatically ...
Bitcoin Startups May Get Transitional License in New York
November 3rd, 2014
New York may grant transitional licenses to small virtual-currency firms and startups to let them grow before facing the full burden of new regulation, the state’s top financial watchdog said. Benjamin Lawsky, New York’s superintendent of financial services, has ...
Yen hits 7-year low vs dollar; Aussie falls after weak China PMI
November 3rd, 2014
The yen fell to a fresh seven-year low against the dollar on Monday, extending a massive sell-off sparked by the Bank of Japan’s surprise decision to boost its already huge bond-buying stimulus. Sellers also took aim at the Australian ...
Dollar climbs on yen, BOJ passes baton to ECB
November 3rd, 2014
The U.S. dollar powered to seven-year peaks against the yen on Monday and a two-year high on the euro, a punishing trend for commodities priced in dollars as gold, silver and oil all fell. Disappointing surveys out of China’s ...
The Opportunity in Weak Commodity Prices
October 31st, 2014
Commodity markets – especially for crude oil — continue to face headwinds from excess supply and uncertainties about divergent monetary policies. But nascent positive trends give commodity markets a more balanced outlook, in our view. Looking into the end ...
Deutsche Bank cannot rely on this trading rebound – Bottom Line
October 30th, 2014
Trading revenues were once the mainstay of many an investment bank, and made up the glamorous end of the City. It is always the traders who get the public’s attention. Who ever complains about City brokers or City auditors? But ...
