Search Results for: FED
Why Europe Just Dropped the €500 Bill
May 5th, 2016
High-denomination currencies are falling out of favor. The European Central Bank announced on Wednesday it will phase out €500 notes. Depending on who you ask, the controversial move will either make life harder for money launderers and other criminals ...
Taking the petro out of the dollar
May 4th, 2016
Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud remains strongly resistant to change, a mixture of reality and ...
SEC announced fraud charges against 10 individuals involved in schemes to trick investors
May 4th, 2016
The Securities and Exchange Commission today announced fraud charges against 10 individuals involved in schemes to trick investors into buying shares of a particular company stock. The schemes were allegedly fraught with cash bribes and other kickbacks to registered ...
Seven big banks settle U.S. rate-rigging lawsuit for $324 million
May 4th, 2016
Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, ...
Asian Stocks Fall With Won on Global Growth Woes; Oil Below $44
May 4th, 2016
Dollar gains after Fed officials say June rate hike possible Industrial metals retreat as sovereign bonds advance Asian stocks fell for a sixth day, their longest losing streak since February, as anxiety over the health of the global economy ...
Asian Stocks Fall as BOJ Leaves Monetary Policy Unchanged
April 28th, 2016
Shares slide in Tokyo market, led by brokerages and banks Economists confounded as BOJ refrains from adding to stimulus Asian stocks fell, led by a slump in Tokyo shares, after the Bank of Japan refrained from adding to its ...
Asian Stocks, Nasdaq Futures Slide on Apple; Aussie Sinks on CPI
April 27th, 2016
European shares fluctuate amid mixed earnings; Total climbs Apple, Twitter add to technology gloom as forecasts disappoint Treasuries rose, sending 10-year yields lower for the first time in eight days, and the dollar weakened, as markets signaled caution before ...
Europe Stocks Little Changed as Munich Re Falls, Barclays Gains
April 27th, 2016
European equities fluctuated, inching lower for the fourth time in five days, with investors increasingly skeptical about the recent rally scrutinizing earnings releases. Munich Re fell 3.5 percent, dragging insurers lower, after forecasting lower profit than previously expected. Barclays Plc climbed ...
What Apple’s first revenue decline in 13 years means for the stock market
April 27th, 2016
Apple Inc.’s disappointing corporate results late Tuesday may be a bad omen for a skittish market fretting about the health of the U.S. and global economy. Apple AAPL, -0.69% CEO Tim Cook pinned some of the blame for the Cupertino, Calif.-based company’s ...
City of London Police seized £30 million suspected to have been generated in FX markets and Ponzi schemes
April 26th, 2016
A South Wales man has been arrested by the City of London Police in possession of bankers’ drafts worth £30 million in what is believed to be the biggest ever money seizure made by UK law enforcement. The funds ...
