Search Results for: US economy
Stocks slump on Yellen rate hike remark
March 20th, 2014
Investors weren’t too thrilled by what they heard from Janet Yellen during her first meeting in charge of the Fed. The Dow fell more than 100 points, while the S&P 500 and Nasdaq also finished lower. Stocks were relatively ...
Credit Agricole Targets Profit Above $5.5 Billion by 2016
March 20th, 2014
Credit Agricole SA, France’s third-largest bank, will seek to reach at least 4 billion euros ($5.5 billion) of annual net income by 2016 and build up capital as its main European markets emerge from recession. “We’ve deeply transformed our ...
Offshore Yuan Bets Losing $3.5 Billion, Morgan Stanley Estimates
March 20th, 2014
More than $3.5 billion has been wiped off the value of offshore yuan structured products, Morgan Stanley estimates, as China’s slowing economy and mounting credit concerns weaken the currency. Losses on Target Redemption Forwards were probably in the region ...
Asia Stocks Drop on Fed; H-Share Index Near Bear Market
March 20th, 2014
Asian stocks fell, with a gauge of Chinese shares in Hong Kong poised to enter a bear market, after the Federal Reserve signaled it may raise U.S. interest rates from the middle of next year. Newcrest Mining Ltd. (NCM), ...
Dollar Gains as Stocks Fluctuate With Bonds Before Fed
March 19th, 2014
The dollar gained against most major currencies while Treasuries and German bunds fluctuated with European stocks before the Federal Reserve decides monetary policy. China’s yuan dropped to the lowest in 11 months amid concern that more companies will default ...
China real estate firm at risk of bankruptcy
March 19th, 2014
Another one bites the dust: A Chinese real estate developer is on the verge of bankruptcy, and is expected to default on millions in debt — the latest sign the government is willing to let some pawns fall ...
New Zealand consumer mood at nine-year peak
March 18th, 2014
NZD/USD to refresh this year’s high? Why not? Especially keeping in mind extremely positive data from New Zealand. Another fact that supports another rate hike from RBNZ occurred on Monday, as a report from Westpac Banking Corporation showed consumer ...
GECAS may spend $4 billion on ship, chopper investments: CEO
March 17th, 2014
GECAS, the world’s largest aviation leasing firm, is looking at investing at least $4 billion in ship financing and helicopter leasing to diversify its portfolio – a potential move that reflects concerns over the value of some current jets. ...
Speculators See Gold Gaining With Wheat on Ukraine: Commodities
March 17th, 2014
After shunning gold and wheat for most of last year, hedge fund managers are piling back in as the escalating crisis in Ukraine spurs a rebound in the prices of both commodities. Speculators have the biggest bet on a ...
Parliament toughens up anti-money laundering rules
March 13th, 2014
The ultimate owners of companies and trusts would have to be listed in public registers in EU countries, under draft anti-money laundering rules voted by Parliament on Tuesday. The draft law would also require banks, auditors, lawyers, real estate ...
