Search Results for: US Dollar
Amazon to invest $2 billion more in India
July 30th, 2014
Amazon.com Inc (AMZN.O) announced that is planning to invest a further $2 billion in India just a day after the country’s largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce ...
Pound is bullish as Shine Comes Off
July 30th, 2014
The shine is starting to come off the U.K. pound, which has given up its reign as the most popular bullish bet for 2014 among the Group of 10 currencies. Hedge funds and other large speculators cut their net ...
Gold Drops to $1300 as Stocks Advance
July 30th, 2014
Gold futures declined as U.S. and European equities advanced, curbing demand for the precious metal as an alternative asset. Stocks climbed on optimism over corporate earnings. U.S. consumer confidence soared in July to the highest in almost seven years ...
Asian Equities Extend Six Year High
July 30th, 2014
Asian stocks rose for a fourth day, with the regional benchmark index extending a six-year high, before the Federal Reserve updates markets on monetary policy today and as the U.S. and European Union strengthened sanctions against Russia. Honda Motor ...
Prosecutors, defense spar over $150 billion forfeiture for Madoff aides
July 30th, 2014
Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial’s key question: What did they know, and when did they know ...
The Non-Eclipse of America
July 29th, 2014
The recent creation of a new international development bank by Brazil, Russia, India, China, and South Africa – the so-called BRICS – is just the latest challenge to America’s global leadership. But, from an international business perspective, the United ...
Banks Cash In on Mergers Intended to avoid Taxes
July 29th, 2014
Jamie Dimon, the chief executive of JPMorgan Chase, recently said, “I love America.” Lloyd Blankfein, the chief executive of Goldman Sachs, wrote an opinion article saying, “Investing in America still produces the best return.” Yet guess who’s behind the ...
Asian stocks reach three-year peak, China holds gains
July 29th, 2014
Asian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was warranted given the torrent of U.S. economic news still to come this week. Hong Kong’s ...
Venezuelan Officers involved in Colombian Cocaine Traffic
July 29th, 2014
The head of Venezuelan military intelligence was involved on the payroll of a Colombian drug lord, invested his own money in drug shipments and personally coordinated the shipment of thousands of kilograms of cocaine, according to prosecutors in Miami ...
Lloyds Banking Group charged with $370 million fine
July 28th, 2014
Britain’s Lloyds Banking Group (LLOY.L) has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement ...
