Search Results for: EC
Aussie stocks close steady
August 20th, 2014
The Australian sharemarket has closed steady, with a number of upbeat earnings reports offering support despite a sell-off in BHP Billiton. At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index edged up 10.8 points, or 0.19 per ...
Germans selling 2-year govt. notes with 0% yield
August 20th, 2014
Germany is planning on issuing $6.7 billion in two-year government notes, known as Schatz, that will pay nothing in interest, according to the Wall Street Journal. While this is great news for German taxpayers — the government will pay ...
West TX Oil Drops Below $94 on Weak Demand
August 20th, 2014
Oil sank on Monday, with Brent near a 14-month low and U.S. oil sinking to its weakest since January, as weak demand and easing concerns over risks to supply offset fears about geopolitical risk. On Monday, oil shed nearly ...
Lawmakers threaten Ex-Im Bank subpoena in oversight rebuff
August 20th, 2014
Top members of the House of Representatives Financial Services panel are threatening to subpoena the U.S. Export-Bank over the bank’s refusal to make three employees available for questioning as Congress considers whether to renew the bank’s charter. Chairman Jeb ...
China fines 12 Japanese firms $201 million for price manipulation
August 20th, 2014
China’s anti-monopoly regulator said on Wednesday it has ordered 12 Japanese auto part and bearings makers to pay fines totaling 1.24 billion yuan ($201.80 million) for manipulating prices. Sumitomo Electric Industries Ltd, Denso Corp and Mitsubishi Electric Corp are ...
Trading probes from regulator on Brazil’s Batista due in 2015
August 20th, 2014
The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said. “Perhaps the verdicts ...
Florida man admits hiding $1.1M from IRS
August 20th, 2014
An 83-year-old Florida man pleaded guilty Tuesday to hiding at least $1.1 million from the IRS in secret Switzerland and Israel bank accounts for more than a quarter century. Delray Beach resident Bernard Kramer, held the secret accounts from ...
Oil prices drop and investment in Canadian oil sands is risky
August 20th, 2014
A new study says the recent increase in global oil production and the ensuing drop in price may threaten the profits of energy companies that have invested in Canadian oil sands, the world’s most expensive extraction operation. The think ...
Goldman to face Libya’s sovereign wealth fund in court over trades
August 19th, 2014
Goldman Sachs (GS.N) and Libya’s sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades ...
PWC fined $25m regarding Bank of Tokyo consult issues
August 19th, 2014
PWC has been fined $25m (£15m) and banned from some consulting work for two years by New York State’s financial regulator because of misconduct during work at Bank of Tokyo-Mitsubishi. The deal, agreed yesterday with New York’s Department of ...
