Search Results for: Fed
S&P 500 Rising at Five Times GDP Shows Recovery Priced In
October 27th, 2014
For almost six years, one of the most powerful bull markets on record has coexisted with the weakest economic recovery since World War II. This month’s selloff in stocks shows how much investors want that to change. In the ...
SEC Sanctions Florida-Based Auditor for Circumventing Rules
October 27th, 2014
The Securities and Exchange Commission sanctioned a Florida-based auditor for violating federal laws and regulations requiring lead audit partners to periodically rotate off their audit engagements with a publicly traded company in order to preserve the integrity of the ...
Asia stocks mostly rise after European bank stress tests
October 27th, 2014
Asian stocks mostly rose after most of Europe’s largest banks passed a stress test aimed at checking the strength of the region’s financial system. European regulators examined the balance sheets of 130 lenders. In total, 25 banks failed, ten ...
Dollar firm around 108 yen on eased concern about global economy
October 24th, 2014
The U.S. dollar stayed relatively firm around 108 yen Friday morning in Tokyo on eased worries about the global economy, but caution over another Ebola infection in the United States capped the currency’s further gain. At noon, the dollar ...
Asian Equities Lower on Growth Woes
October 23rd, 2014
European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany’s manufacturing and service sectors. U.S. stocks were on course to open a touch ...
U.S. Court hears arguments on sex discrimination at Goldman Sachs
October 23rd, 2014
Goldman Sachs Group on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at the bank. In the first ...
After JPMorgan Cyberattack, fortification of Wall Street Banks is a must
October 22nd, 2014
Federal and state regulators are said to be discussing fortification of a critical area of cybersecurity: outside vendors, including law firms, accounting and marketing firms and even janitorial companies. This summer’s huge cyberattack on JPMorgan Chase and a dozen ...
Gold Rebounds Boosted by India Holiday Sales
October 21st, 2014
Even after a two-week rally in bullion, domestic prices remain 7.4 percent lower than a year ago just as sales are set to climb for the festival and wedding season. India is the largest gold buyer after China. The ...
Switzerland Extends Olive Branch To India On Tax
October 20th, 2014
Swiss authorities have confirmed that, if asked, they will assist India in efforts to confirm the genuineness of bank documents and will swiftly provide information on requests relating to non-banking dossiers. The commitment was made in a joint statement ...
Before a Bailout, E.C.B. minutes showed doubts over keeping a Cyprus Bank afloat
October 20th, 2014
As the Cypriot economy reeled from the collapse of its second-largest bank in 2013, the European Central Bank faced a thorny question: Should it keep the institution, Cyprus Popular Bank, alive with short-term loans or pull the plug? By ...
