Search Results for: Allen
CFTC Says Flexibility essential to Oversee Cross-Border Swaps
July 31st, 2014
U.S. regulators need flexibility in overseeing cross-border swaps, a lawyer for the Commodity Futures Trading Commission told a federal judge as he defended the agency’s reliance on guidance rather than formal rules in a lawsuit brought by Wall Street’s ...
Brent slips toward $106 as fuel demand disappoints
July 31st, 2014
Brent crude slipped towards $106 a barrel on Thursday and was set to post its biggest monthly loss in more than a year as higher OPEC output and disappointing demand in the United States outweighed tensions in the Middle ...
Russians worry over the growing sanctions from the West
July 31st, 2014
Russia confronts the biggest sanctions from the West since the Ukrainian crisis erupted and has therefore adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance of self-reliance and a new poll released Tuesday indicating a ...
EU court to decide on tax-free trading of bitcoin
July 30th, 2014
Tax-free trading of bitcoin is on legal questioning at the European Union’s top court following Swedish authorities request to extend existing levies to virtual currencies. The EU Court of Justice must decide if transactions between virtual and traditional currencies ...
U.S. economy advances in second quarter
July 30th, 2014
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 ...
Economic sanctions on Russia from EU and U.S.
July 30th, 2014
EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country’s oil industry, in response to Moscow’s continued backing ...
The Non-Eclipse of America
July 29th, 2014
The recent creation of a new international development bank by Brazil, Russia, India, China, and South Africa – the so-called BRICS – is just the latest challenge to America’s global leadership. But, from an international business perspective, the United ...
Deutsche Bank Posts 29 Percent Net Profit Drop
July 29th, 2014
Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets. Germany’s largest bank said its net profit in the April-June ...
Regulators to deal with Japanese hedge fund in insider trade case
July 29th, 2014
A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers acted on an insider tip of a share offering by energy ...
Pfizer’s need for deal appears larger with earnings report
July 28th, 2014
Pfizer Inc’s vulnerability to cheaper generics and its weak roster of experimental medicines will be on display Tuesday when the company reports quarterly earnings, reviving interest in its pursuit of AstraZeneca Plc or other deals to fortify its pipeline. ...
