Search Results for: Wall Street
Trump, Russia and China
December 19th, 2016
Even before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the ...
What Dow 20,000 means for stock-market investors
December 15th, 2016
What’s in a number anyway? That may be the question stock-market investors pose as the Dow Jones Industrial Average inches closer to the psychological milestone of 20,000. The Dow DJIA, +0.25% sold off on Wednesday as the Federal Open ...
Dollar up on higher yields, euro hit by ECB’s ‘less for longer’ decision
December 9th, 2016
The dollar rose broadly on Friday as U.S. bond yields rose, while the euro sank after the European Central Bank’s decision to extend its debt-buying program even as it cut the size of its purchases disappointed currency bulls. The ...
Merrill Lynch to its brokers: make at least two client referrals to avoid a cut in pay
December 8th, 2016
Merrill Lynch will require its brokers to make at least two client referrals to other parts of parent Bank of America Corp. next year to avoid a cut in pay, a move that comes as Wall Street brokerages try ...
Asia Stocks Higher, Australia Bucks Negative Growth Report
December 7th, 2016
Asian shares were broadly higher Wednesday, catching a lift from gains in the U.S., as a weak Japanese yen helped exporters’ stocks on the Nikkei Stock Average. The Nikkei was recently up 0.6% in morning trade. S&P/ASX 200 was ...
Oil price heads to $55 despite expected output rise
December 6th, 2016
Russia and Saudi Arabia predicted to increase exports before agreed cuts start in January The oil price is powering on, adding to a 14 per cent advance since the middle of last week following the landmark deal from Opec ...
What to know now following Italy’s “NO” result and Renzi resignation
December 5th, 2016
Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for after his defeat? Although the referendum on Sunday was officially ...
CFTC approved rules for swap dealer and major swap participant minimum capital requirements
December 5th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today unanimously approved proposed rules establishing swap dealer (SDs) and major swap participant (MSPs) minimum capital requirements. As required by the Dodd Frank Wall Street Reform and Consumer Protection Act, the rules ...
Rally for oil prices stretches further as optimism builds for OPEC deal
November 22nd, 2016
Oil futures extended their advance into a third session in Asia trading Tuesday, as anticipation over a production cut at next week’s meeting of the Organization of the Petroleum Exporting Countries continued to build. Light, sweet crude for January ...
Goldman Sachs Drops Out of R3 Blockchain Group
November 22nd, 2016
Goldman Sachs Group Inc. has dropped out of the R3 CEV LLC blockchain group. The investment bank was one of nine original members of R3, founded in 2014 to explore the use of the distributed database technology in Wall Street infrastructure. ...
