Search Results for: FED
Yuan Set for Biggest Weekly Drop Since January as Pressures Rise
October 14th, 2016
Decline in exports supports case for further depreciation: ANZ Chinese currency retreats as dollar climbs on Fed rate bets China’s yuan headed for the biggest weekly decline since January as mainland markets returned from holidays to face intensified depreciation ...
Facebook faces $5bn tax charge over Ireland asset transfer
October 13th, 2016
Social media giant Facebook could have to pay up to $5bn in additional taxes as a result of an Internal Revenue Service (IRS) investigation challenging the way in which it accounted for the transfer of assets to its Irish ...
Wells Fargo Chairman and CEO is stepping down following fake accounts scandal
October 13th, 2016
Embattled Wells Fargo Chairman and CEO John Stumpf is stepping down from the bank he has led for nearly a decade, following intense scrutiny over a fake accounts scandal that erupted last month. San Francisco-based Wells said Wednesday that ...
CFTC charges Companies and Individuals with fraud in Selling a Futures Trading System
October 13th, 2016
CFTC Charges Utah Resident Kimball Parker and Florida Resident Timothy Baggett with Fraud and Other Violations in Connection with Offering and Selling a Futures Trading System Parker’s Company, MakeYourFuture, LLC, and Baggett’s Companies, Changes Worldwide LLC and Changes Trading ...
Dollar falls from 2-1/2 month high vs yen after weak China trade data
October 13th, 2016
The dollar pulled back from a 2-1/2 month high against the yen on Thursday after surprisingly weak Chinese trade data stirred fresh concern about the world’s second-largest economy. The dollar dropped to as low as 103.555 yen JPY= at one point, ...
Wallingford Man Charged with Stealing Bitcoins in Dark Web Phishing Scheme
October 12th, 2016
Deirdre M. Daly, United States Attorney for the District of Connecticut, and Patricia M. Ferrick, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that MICHAEL RICHO, 34, of Wallingford, was arrested ...
Asian Stocks Fall on U.S. Rate Outlook, Samsung as Pound Jumps
October 12th, 2016
Sterling snaps drop with Parliament to discuss Brexit plan Oil below $51 amid doubts over Russia’s stance on OPEC deal Asia stocks dropped for a fourth day as investors fretted about the prospect of U.S. interest-rate hikes and Samsung ...
CFTC approves Rule on cross-border transactions
October 12th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose rules and interpretations addressing the application of certain swap provisions of the Commodity Exchange Act (CEA) and Commission regulations to cross-border transactions (Proposed Rule). The proposal defines ...
Oil price falls back from one-year highs, hit by OPEC deal concerns
October 11th, 2016
Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world’s largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil. Oil prices jumped as ...
Dollar Climbs as Samsung Drives Asian Stock Retreat; Bonds Drop
October 11th, 2016
Bond yields surge as traders bet on December Fed rate hike Offshore yuan falls an eighth day for longest slump since 2014 The dollar climbed versus all its major peers as bonds dropped after investors boosted expectations for a ...
