Search Results for: dollar
Despite Exposure of Madoff Fraud, New Ponzi Schemes Emerge
July 11th, 2014
When the money was rolling in from investors, Scott W. Rothstein, a lawyer in Fort Lauderdale, Fla., bought his wife, Kimberly, more than $1 million in jewelry, including an opulent 12-carat yellow diamond ring. He lived in a multimillion-dollar ...
State Street Agrees to Settle Forex Fee Suit for $60 Mln
July 10th, 2014
State Street Corp. (STT) agreed to pay $60 million to settle investor claims it inflated revenue by overcharging clients for foreign-exchange services, in a pact that resolves almost four years of litigation. The preliminary accord filed in Boston federal ...
Global stocks mixed, Indonesia up after election
July 10th, 2014
Global markets were mixed Thursday with a slight pickup in China’s exports failing to give a lift to European stocks after most Asian indexes closed up. Indonesian stocks surged despite a contested presidential election result. European markets failed to ...
US Taxpayers Warn Against Myopic Tax Reform Measures
July 10th, 2014
On July 8, the Taxpayers Protection Alliance (TPA) led a coalition of 13 organizations in sending a letter to the Chairmen and Ranking Members of the House of Representatives Ways and Means Committee and the Senate Finance Committee urging ...
Ex-CS commodities head turns to bitcoin
July 10th, 2014
A UK-based bitcoin exchange has tapped the former global head of commodities at Credit Suisse to lead its attempt to promote professional trading of the virtual currency. Adam Knight, who has been an angel investor in London since leaving ...
Technical Analysis EUR/USD gains toehold above monthly PP
July 10th, 2014
Technical Analysis EUR/USD July 10, 2014 Pair’s Outlook A group of resistances that gathered around the monthly pivot point at 1.3630 failed to prevent appreciation of the Euro against the U.S. Dollar. The currency now appears to be in ...
Asian stocks Mixed after China Trade Data
July 10th, 2014
Asian stocks outside Japan rebounded as China’s trade expanded, while the U.S. oil benchmark-contract slipped toward a record losing streak. European index futures were flat and gold was near a 3 1/2-month high. The MSCI Asia Pacific excluding Japan ...
China’s Trade Data Misses Expectations
July 10th, 2014
China released improved trade data that missed expectations on Thursday, figures that suggest external demand remains weak and domestic recovery fragile, analysts say. The country’s exports rose 7.2 percent from the year ago period, lower than the 10.6 percent ...
Holder won’t meet with BofA CEO as mortgage talks stall
July 10th, 2014
Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its ...
Banks face intensified sanctions probes in U.S.
July 10th, 2014
Following BNP Paribas’ record $8.9 billion in penalties for violating U.S. economic sanctions, federal and state authorities are intensifying investigations of other foreign banks over signs of similar infractions. At least six banks in Germany, France, Italy or Japan ...
