Search Results for: Commodity Exchange Act
Dollar Advances as OPEC Output Freeze Seen Hurting Euro, Aussie
November 28th, 2014
The dollar strengthened on speculation lower crude prices after OPEC’s decision to keep oil output unchanged will stimulate the U.S. economy while weighing on the euro and currencies of commodity-producing nations. The greenback rose against all but one of ...
Legal Fight Pits Sellers of Energy Against Buyers
November 27th, 2014
Over the past few years, the federal government has nurtured the growth of an odd kind of player in the energy markets: companies that recruit consumers to unplug themselves when electricity use is high, in exchange for a price ...
Bitcoin Needs an Aggressive Legal Defense
November 25th, 2014
Across the board, bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations. It’s going to get a lot rougher for bitcoin in the months and years ahead. We have to be prepared. ...
Wall Street Used Commodities Storage, Tankers for Unfair Gain, Senate Panel Finds
November 20th, 2014
Wall Street’s biggest banks have used their ownership of metals warehouses, oil tankers and other commodities businesses to gain unfair trading advantages and dominate markets, according to a U.S. Senate investigation. In a report on Goldman Sachs Group Inc., ...
Cheap-Oil Era Tilts Geopolitical Power to U.S.
November 20th, 2014
A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. Some changes already are evident. Surging U.S. oil production enabled America ...
Dollar Climbs With European Stocks as Treasuries Decline
November 19th, 2014
The dollar strengthened to a seven-year high against the yen before the Federal Reserve releases minutes of its last meeting, when it ended a bond-buying program. Treasuries and German bunds declined while stocks rose in Europe and the pound gained. The U.S. currency ...
Brent Oil Drops Before OPEC Meeting, Iran Nuclear Talks
November 18th, 2014
Brent crude dropped for a second day as investors weighed the possibility that OPEC will reduce output next week, or that talks over Iranâs nuclear program could result in an agreement. West Texas Intermediate was little changed in New ...
Yen Falls to 7-Year Low on Election-Stimulus Speculation
November 17th, 2014
The yen strengthened after falling to a seven-year low against the dollar as demand for safer assets revived following a report that showed Japan’s economy unexpectedly sank into a recession. Japan’s currency climbed from the weakest level since October ...
Forex traders plotted strategy in secret chats
November 13th, 2014
Traders of major banks fined $4.3 billion Wednesday for attempted manipulation of foreign exchange markets used electronic chat rooms to plot their moves. Transcript excerpts of conversations released Wednesday by the Commodity Futures Trading Commission show traders from U.S. banks Citibank(C) ...
FCA fines five banks £1.1 billion for FX failings
November 12th, 2014
The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ...
