Search Results for: US authorities
Oil prices crash below $70
November 28th, 2014
Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged. WTI crude trading in the U.S. fell by roughly 7% to just below $69 — a level ...
China’s Stocks Head for Biggest Weekly Gain in Three Years
November 28th, 2014
China’s benchmark stock index headed for its biggest weekly advance in three years on optimism a slide in oil prices will reduce costs for transport companies and the central bank may continue to loosen monetary policy. China Everbright Bank ...
France, Italy, Belgium may break budget rules, EU to revisit in March
November 27th, 2014
The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. At that point, France could face a multi-billion euro fine ...
Asia shares edge higher, oil tumbles to four-year low
November 27th, 2014
Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by ...
Mr. Yen Sees Drop He Forecast Nearing End on Economy
November 26th, 2014
The 14 percent plunge in Japan’s currency since mid-year has about run its course, according to the former Ministry of Finance official known as “Mr. Yen.” Eisuke Sakakibara, who got his nickname in the 1990s for his influence over the exchange ...
Officials will interview Traders about currency market manipulation
November 25th, 2014
U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters. Officials from the ...
Bitcoin Needs an Aggressive Legal Defense
November 25th, 2014
Across the board, bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations. It’s going to get a lot rougher for bitcoin in the months and years ahead. We have to be prepared. ...
Credit Suisse ordered to pay $1.8 billion to finalize U.S. guilty plea
November 24th, 2014
A U.S. judge on Friday accepted Credit Suisse’s (CSGN.VX) guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution. The ...
HSBC says target of French tax fraud probe
November 24th, 2014
HSBC Private Bank, the Swiss subsidiary of British banking group HSBC, said Friday (Nov 21) it had been placed under formal investigation as part of a French tax fraud probe. The bank said magistrates were “examining whether the bank ...
Yen Set for Fifth Weekly Loss on Elections
November 21st, 2014
The yen rose, paring the sharpest five-week drop since 1995, after Japan’s Finance Minister Taro Aso said the currency had depreciated too rapidly. Japan’s currency has fallen against all except one of its 31 major counterparts this week before Japan ...
