Search Results for: Total
It’s Currency War! – And Japan Has Fired The First Shot
November 4th, 2014
This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist. In a surprise move on Friday, the Bank of Japan dramatically ...
JPMorgan: Feds pursue criminal forex probe
November 4th, 2014
JPMorgan said it faces a criminal probe of its foreign exchange business and boosted its legal budget by $1.3B. JPMorgan Chase (JPM) disclosed Monday that the New York-based global bank is in talks with the Department of Justice over ...
Hyundai, Kia pay $100M fine over mpg claims
November 4th, 2014
It’s a record settlement under the Clean Air Act. Hyundai and Kia have agreed to pay a total of $100 million to settle an investigation into its misstatement of gas mileage estimates on about 1.2 million vehicles, the government ...
Accounting For Startups
November 3rd, 2014
When you first bring a newborn home from the hospital and want reassurance the baby is doing ok, you’ll probably listen periodically for breathing sounds. It’s unlikely that you’ll track the number of breaths per minute and compare it ...
CySec imposes administrative fine of €100.000
November 3rd, 2014
The Cyprus Securities and Exchange Commission (SEC) has issued an announcement to inform investors that, in its meeting held on October 20, 2014, decided to impose a total administrative fine of € 100.000 to Hellenic Bank Public Company Limited ...
China Expands Access to $4.3 Trillion Interbank Bond Market
November 3rd, 2014
China is opening its 26.31 trillion yuan ($4.3 trillion) interbank bond market to non-financial firms after tightening trading rules following a crackdown on illegal transactions. Qualifying participants will require minimum net assets of 30 million yuan and use a ...
Emirates NBD lists first NZ currency bond on Dubai bourse
November 3rd, 2014
NASDAQ Dubai, the region’s international stock exchange, has welcomed the listing of a 100 million New Zealand dollar ($78.1 million) conventional bond by Emirates NBD. The bond is the first to list on a GCC exchange in New Zealand’s ...
Most People Cannot Even Imagine That An Economic Collapse Is Coming
November 3rd, 2014
The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues ...
Citigroup sets aside $600 million more to cover legal costs
October 31st, 2014
Citigroup Inc (C.N) said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to “rapidly evolving regulatory inquiries,” while also disclosing that it was subject to foreign exchange market probes. Citigroup ...
Asia shares edge up on brightening US prospects, BOJ awaited
October 31st, 2014
Japanese stocks soared 4.8 percent to their highest close since November 2007 and the yen skidded to near seven-year lows against the dollar on Friday, after the Bank of Japansurprised markets with fresh easing steps it called a pre-emptive ...
