Search Results for: US Dollar
Asian stocks mostly higher; Chinese markets jump more than 2%
May 31st, 2016
Asian markets were mostly higher on Tuesday, with Chinese mainland markets up more than 2 percent and Japan shares rising after better-than-expected economic data. Chinese mainland markets soared on Tuesday, with the Shanghai Composite up 2.9 percent and the Shenzhen composite up 3.433 ...
Can the IMF afford to stand back on Greece bailout money?
May 30th, 2016
IMF turns its back on Europeans in Greece bailout The IMF said it won’t give another penny until it sees a concrete plan from the Europeans to substantially cut the country’s debt burden. The “breakthrough” deal announced Wednesday to ...
Alibaba faces U.S. investigation into its accounting practices
May 27th, 2016
Alibaba’s accounting methods are under investigation in the U.S. The Chinese e-commerce giant, which went public in 2014 in the largest NYSE IPO in history, quietly disclosed that the SEC is looking into whether it has violated federal securities laws. The ...
Global law firm announced the opening of an office in Honk Kong
May 27th, 2016
Pillsbury today announced the opening of an office in Hong Kong as the firm’s next step in the long-term expansion of its offering in Asia. The firm previously announced its intention to open in Hong Kong after applying for a ...
Saudi Arabia Has a Plan B to Try to Stop Iran’s Economic Rise
May 26th, 2016
The kingdom is mobilizing its Gulf allies to make sure that Iran’s opening-up to the global economy doesn’t go smoothly. Saudi Arabia couldn’t stop the Iran nuclear deal from being signed. Plan B is to limit Iran’s ability to ...
The top 10 countries with the largest gold holdings
May 26th, 2016
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia ...
$175 Million Penalty for Citibank
May 26th, 2016
CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. Dollar LIBOR Citibank, N.A. Has Been Subject to Three CFTC ...
Asian Stocks Extend Global Rally as Oil Regains $50; Yen Climbs
May 26th, 2016
Crude Rises on falling U.S. oil stocks, supply disruptions Norwegian krone, Malaysian ringgit strengthen; gold rebounds Energy producers led stocks higher in Asia and the currencies of oil-exporting nations strengthened as Brent crude traded above $50 a barrel for ...
HSI, Nikkei lead gains as most Asian markets advance
May 25th, 2016
Asia markets mostly closed higher on Wednesday, with Hong Kong leading gains and several major indexes advancing more than 1 percent each. Japan’s Nikkei 225 closed up 258.59 points, or 1.57 percent, at 16,757.35, with shares receiving an additional boost from ...
Google announced it would ban payday-loan ads from its site
May 23rd, 2016
Google announced this month it would ban payday-loan ads. One wrinkle: It is an investor in a payday lender. GV, the venture-capital investment arm of Google’s parent company, Alphabet Inc., has been investing in online lender LendUp since before the startup launched ...
