Search Results for: U.S. regulator
Yen Plunges and Japan Stocks Rebound on Stimulus Bets; Oil Sinks
July 27th, 2016
Aussie jumps after inflation data, before reversing gains U.S. stock-index futures climb on Apple’s after-market rally The yen dropped as Japan’s Prime Minister was reported to commit to a $265 billion stimulus package. Chinese stocks tumbled and crude oil ...
Global Brokers See 109 Million Reasons to Ramp Up in China
July 25th, 2016
Interative Brokers and Saxo among firms laying groundwork QDII2 program to be rolled out at ‘appropriate time’: PBOC Online brokerages from around the world are gearing up for what could be China’s biggest step yet to unleash the nation’s ...
Lexmark shareholders approve merger agreement
July 25th, 2016
Lexmark International, Inc. today announced that its shareholders have approved the definitive merger agreement under which Lexmark is to be acquired by a consortium of investors led by Apex Technology Co., Ltd. and PAG Asia Capital and including Legend ...
MasterCard Announces Acquisition of VocaLink
July 22nd, 2016
MasterCard Incorporated (NYSE: MA) today announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for about £700 million (approximately US$920 million), after adjusting for cash and certain other estimated liabilities. VocaLink’s ...
Globalization’s Few Winners and Many Losers
July 21st, 2016
Quality, quality of life, and well-being are not easily quantified, so they are ignored. I often write about the Tyranny of Price, the rarely examined assumption that lower prices are all that matters. Thanks to the Tyranny of Price, ...
CFTC Extends Designation of DTCC-SWIFT as LEI Provider
July 19th, 2016
One-Year Extension Allows More Time for Global LEI System Transition The U.S. Commodity Futures Trading Commission (CFTC) announced that it has issued an Order extending, by one year, the designation of the utility operated by DTCC-SWIFT as the provider ...
Global law firm is expanding its EU presence with the opening of a third office in Germany
July 18th, 2016
Global law firm K&L Gates LLP is expanding its European presence with the opening of a Munich office, the firm’s third office in Germany (along with Berlin and Frankfurt) and 46th worldwide, with the hire of investment management partner Dr. Hilger von ...
10 questions about Brexit’s impact on the auto industry
July 7th, 2016
The shock waves from the U.K.’s historic vote to leave the EU are about to hit the global auto industry. Analysts predict that falling sales and rising costs are the most likely outcomes for automakers as Europe’s second-largest car ...
VW Will Spend $14.7 Billion to Settle emissions scandal;the largest settlement ever paid by an automaker
July 7th, 2016
Volkswagen will spend $10 billion on affected car buybacks, $4.7 billion to “mitigate pollution” in the TDI emissions settlement. The estimated cost of Volkswagen’s U.S. diesel emissions cheating just rose by half—to nearly $15 billion, the largest settlement ever paid by ...
Chinese Day Traders Are Behind Silver Frenzy Moving Prices
July 6th, 2016
Retail trade behind rising volume as open interest falls: Saxo Moves reminiscent of China commodity frenzy earlier this year Chinese day traders are moving the silver market. The metal posted its biggest two-day rally in five years on Monday, ...
