Search Results for: FED
Facebook Plan For WhatsApp Data Poses Legal Risks
August 29th, 2016
When WhatsApp announced on Thursday that it would start sharing data with its corporate parent, Facebook, some of its fans howled that the popular messaging service was betraying long-held promises to protect their privacy. But for the companies, angry users ...
Investors are pushing into Emerging-market stocks; 20% rise over the past six months
August 29th, 2016
China’s economy is inexorably slowing. Turkey’s sprawling post-coup purge continues apace. Western sanctions against Russia will remain in force for as long as Moscow keeps meddling in Ukraine. Brazil’s brief Olympic distraction is over, so it’s back to the business of dealing with acrippling recession and wrenching ...
Oil prices retreat ahead of Yellen’s speech
August 26th, 2016
Oil prices were down slightly Friday with global crude benchmark Brent and its U.S. counterpart West Texas Intermediate hovering around $47 to $50 a barrel. The October contract for Brent LCOV6, -0.66% on London’s ICE Futures exchange was down 0.46% at $49.44 ...
Asian stocks drop as investors avoid risk before Yellen speech
August 26th, 2016
Asian stocks extended their weekly loss on Friday (Aug 26) ahead of a speech by Federal Reserve Chair Janet Yellen later in the day that may shed light on the US interest-rate outlook. The yen meandered after Japanese consumer ...
Dollar Drops as Traders Seek Clarity From Yellen Amid Rhetoric
August 26th, 2016
Yellen is likely to point toward December action, Westpac says Any adjustment for ‘near-term hike’ to support dollar: BNP A gauge of the dollar declined for a second day, paring a weekly gain, after Federal Reserve Bank of Dallas ...
Deloitte is being sued after failing to flag up more than $200 million of money laundering
August 25th, 2016
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to flag up money laundering at a now-defunct Lebanese bank. Lebanese Canadian Bank paid over $100 million, or £76 million, ...
Emerging-Market Assets Rally on Yield Hunt Before Yellen Speech
August 25th, 2016
‘The market is back to the search for yield,’ CBA’s Ji says Emerging-market currency volatility touches eight-week high Emerging-market currencies and stocks rose as investors sought out higher-yielding assets before a speech by Federal Reserve Chair Janet Yellen which ...
Asian stocks slip on profit-taking; oil falls
August 24th, 2016
Asian stocks edged lower on Wednesday as strong U.S housing data overnight increased the chances of an interest rate increase in coming months, prompting some investors to take profits, while oil prices slipped after a surprise jump in U.S. ...
The S&P 500’s new sector could be a really big deal
August 23rd, 2016
The S&P 500 is about to undergo a landmark change, and it could have interesting and important developments for investors. Since 1999, the index of large-cap stocks has been cut into 10 broad sectors, with the distinctions critical for ...
Dollar dips vs yen, kiwi lifted by RBNZ’s rate view
August 23rd, 2016
The dollar dipped against the yen on Tuesday, while the New Zealand dollar rose after the nation’s central bank chief said he did not see the need for a rapid succession of interest rate cuts. The dollar shed 0.1 ...
