Search Results for: FED
Individuals and their companies ordered to pay millions in restitution for defrauding investors
August 21st, 2017
Federal Court Orders Jeffrey Slemmer, Christian Dorrian, Adam Roth, and Their Florida-Based Companies to Pay over $5.4 Million in Restitution and a Penalty in CFTC Precious Metals and Diamonds Anti-Fraud Action Slemmer Enterprises, Dorrian Enterprises and Roth Investment Group ...
Markets are focusing for a key meeting of global central bankers; Economic data this week
August 21st, 2017
With economic data thin this week, markets are focusing on any significant policy statements coming out of Jackson Hole, Wyoming. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are among central bankers attending the annual ...
The fiscal benefits of free trade
August 18th, 2017
The fiscal benefits of free trade Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally mandated welfare costs are accelerating. Treasury departments in all ...
Here’s How the Euro Is Likely to Fare Against World Currencies
August 18th, 2017
Don’t get distracted by Thursday’s ECB-driven slump: the euro has been redrawing the global currency map on its journey to multi-year highs. No wonder policy makers are starting to fret. Even after today’s declines, Europe’s growth story and the ...
U.S. jobless claims drop to near six-month low
August 17th, 2017
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan ...
Trump policy doubts, weak inflation to weigh on Wall Street
August 17th, 2017
(Reuters) – Wall Street was set to open lower on Thursday as minutes from the Federal Reserve’s July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump’s ability to pursue his pro-growth policies. Powered ...
Bank of Russia reveals banking statistics
August 17th, 2017
The Central Bank of the Russian Federation has issued an announcement to publish banking statistics for the first seven months of 2017. Banking sector expands loan portfolio and resource base between January and July this year Banking statistics published ...
Dollar drops, the Yen and Euro rose, the Aussie added 0.1 percent: Brokers review
August 17th, 2017
Dollar drops; Aussie extends advance after base-metal surge Fed minutes show officials concerned about low inflation Most Asian stocks rose, led by technology shares after stellar earnings at Internet giant Tencent Holdings Ltd. The yen climbed and the dollar ...
Costco made $3.7 million selling ‘Tiffany’ rings. Now it must pay $19 million to the real Tiffany
August 16th, 2017
Costco must pay the storied jewelry company Tiffany & Co. more than $19 million for selling about 2,500 diamond rings falsely identified on store signs as “Tiffany” rings, a federal judge ruled Monday. Costco’s management “displayed at best a ...
Germany’s second-largest airline Air Berlin has filed for insolvency
August 16th, 2017
Germany’s second-largest airline Air Berlin has filed for insolvency after its key shareholder Etihad Airways said it would withdraw financial support for the carrier. Trading in Air Berlin shares was temporarily suspended until 12:05 GMT. Air Berlin and its ...
