Search Results for: US economy
Fear Spreads as China’s Finance Firms Face Arrests
November 18th, 2015
“People are worried” as hedge funds, traders, CSRC targeted At least 16 connected to finance world caught up in crackdown The high-drama highway arrest of a prominent hedge fund manager. Seizures of computers and phones at Chinese mutual funds. The investigations ...
Asian stocks higher as shock of Paris attacks fades
November 18th, 2015
Asian stocks were mostly higher Wednesday as the shock of the Paris terror attacks faded and an uptick in U.S. inflation added support for a possible interest rate hike. KEEPING SCORE: Tokyo’s Nikkei 225 gained 0.2 percent to 19,676.77 ...
Barclays, HSBC, Royal Bank of Scotland ‘at risk of further penalties’
November 17th, 2015
Investigations into financial crisis conduct show ‘no signs of abating’, warns Moody’s Major banks have now set aside $219bn (£144bn) to pay fines and legal costs since the financial crisis. Ratings agency Moody’s, which calculated the vast provisions, ranked ...
U.S. Stocks Rally, Led by Energy Sector
November 17th, 2015
Traditional haven investments such as gold and government bonds tick higher Markets broadly shook off concerns stemming from the deadly terror attacks in Paris, even as oil prices rose on the prospect of greater violence in the Middle East. ...
Saudi Arabia Preparing To Fuel Its $100 Billion Oil War With Debt
November 16th, 2015
Saudi Arabia has probably spent around $100 billion of its foreign reserves by now to prosecute its war against American shale and other low-cost oil producers. The oil kingdom’s decision one year ago not to cut production to support ...
Credit Suisse plans trading floor for Dublin
November 16th, 2015
Swiss bank wants to move 40 traders and 60 support staff to Ireland as part of a cost-cutting drive Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin. The ...
Terrorism, Climate Rift, Putin-Obama and Merkel: The G-20 So Far
November 16th, 2015
World leaders’ meeting in Turkey overshadowed by Paris attacks Official agenda turns to economic growth, finance and jobs Group of 20 leaders gather on Monday for a second day of talks in Turkey, yet the world’s eyes remain on Paris. ...
China in net forex purchase in Oct, reverses 3 mths of heavy sales
November 16th, 2015
China‘s central bank and commercial banks bought a net 12.9 billion yuan ($2.02 billion) worth of foreign exchange in October, data showed on Sunday, stemming heavy sales in the previous three months that underlined capital outflows. The October net ...
Asia Pacific shares fall sharply in wake of Paris attacks and Japanese recession
November 16th, 2015
Global security concerns saw the euro hit a six-month low and stocks were sold off around the region as Japan entered a ‘quintuple dip’ recession Stock markets in Asia Pacific have fallen sharply in the wake of the Paris terror ...
Even Small, Well-Run Countries Can’t Escape The Currency War
November 13th, 2015
The old saying “When elephants fight, the grass gets trampled” captures perfectly the dilemma of the world’s non-superpowers. From Brazil to Thailand to non-eurozone Europe, the currency war raging between the leading economies is creating collateral damage. ...
