Search Results for: commodity
Austrians get (some) mainstream credibility
January 15th, 2016
Well, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the boom-bust business cycle, then Britain’s Adam Smith Institute publishes a paper by Anthony Evans that ...
Friday, January 15: OSB Commodities & Equity Indices Cheat Sheet & Key Levels
January 15th, 2016
OSB Commodities & Equity Indices Cheat Sheet & Key Levels for January 15. Gold Open 1093.60, High 1095.40, Low 1071.10, Close 1073.60, -1.24% Changed. Silver Open 14.18, High 14.19…View table below
J.P. Morgan’s Earnings and Revenue Rise, Beating Expectations
January 14th, 2016
The New York firm kicks off earnings season for big U.S. banks J.P. Morgan Chase & Co. said its fourth-quarter profit beat expectations thanks in part to cost-cutting and higher earnings within its investment banking division. The largest U.S. bank ...
Pound Slumps as BOE Rate-Rise Expectations Recede
January 14th, 2016
China-linked market turmoil has made Bank of England rate increase less likely, investors say The British pound tumbled to a more than 5½-year low this week, as concerns about China help push back expectations of a long-anticipated interest-rate increase ...
CFTC orders a London based financial services company to Pay a Civil Monetary Penalty
January 14th, 2016
CFTC Orders Otkritie Capital International, Ltd. to Pay a $140,000 Civil Monetary Penalty for Violating a CFTC Registration Regulation The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Otkritie Capital International, Ltd. ...
Thursday, January 14: OSB Commodities & Equity Indices Cheat Sheet & Key Levels
January 14th, 2016
OSB Commodities & Equity Indices Cheat Sheet & Key Levels for January 14. Gold Open 1086.80, High 1095.60, Low 1079.40, Close 1087.10, 0.18% Changed. Silver Open 13.79, High 14.21…View table below
Oil price briefly falls below $30 a barrel
January 14th, 2016
Oil prices have briefly fallen below $30 a barrel on international markets for the first time since April 2004, before recovering again. Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade ...
Major Asian stocks close up, Nikkei rebounds 2.88%
January 13th, 2016
Asia markets closed mostly higher, with some major indexes rebounding Wednesday, in a sign of returning stability even in the face of lingering worries about China and falling commodity prices. That follows a volatile start to the year, in ...
The China Syndrome: The Coming Global Financial Meltdown
January 12th, 2016
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film The China Syndrome took its name from the darkly humorous ...
Chinese regulator asks banks to cut wealth management yields
January 12th, 2016
China‘s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit. The move to ...
