Search Results for: dollar
Egypt expects $1.5 billion in aid by year-end; President in Greece for energy
December 8th, 2015
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget and could discuss potential IMF financing once parliament convenes, International Cooperation Minister Sahar Nasr said. Egypt is implementing a ...
CFTC fines individual and Forex Trading Advisors Firms
December 8th, 2015
CFTC Finds that Respondents Made False Statements to the CFTC, Committed Foreign Currency Solicitation Fraud, and Failed to Register with the CFTC The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Garen ...
HSBC looks to global loan book to boost profits
December 8th, 2015
HSBC is looking to boost investment banking profits by packaging more of its loans into bonds and selling them to investors in the United States. Post-crisis regulations have made it more expensive for banks to retain loans on their ...
Opec bid to kill off US shale sends oil price down to 2009 low
December 8th, 2015
Oil falls by $2 a barrel with energy shares as Opec refusal to stop flooding the market with cheap oil and likely US rate hike sends Brent crude tumbling Oil prices have slumped by 5% after the latest attempt ...
China Forex Reserves Fall to Lowest Level in More Than Two Years
December 8th, 2015
Numbers suggest Beijing is struggling to control capital outflows as a U.S. rate increase looms China’s foreign-exchange hoard fell in November to its lowest level in more than two years, reigniting concerns about Beijing’s ability to stem the outflow ...
Asian stocks at three-week lows on oil drop; Fed eyed
December 8th, 2015
Asian stocks hit three-week lows on Tuesday as a rout in oil prices knocked energy company shares lower and many investors moved to the sidelines ahead of next week’s meeting where the Federal Reserve is expected to raise U.S. ...
27 Major Global Stocks Markets That Have Already Crashed By Double Digit Percentages In 2015
December 7th, 2015
Anyone that tries to tell you that a global financial crisis is not happening is not being honest with you. Right now, there are 27 major global stock markets that have declined by double digit percentages from their peaks ...
Fifty individual shareholders sue Toshiba seeking $2.45 million in damages
December 7th, 2015
Fifty individual shareholders of Toshiba Corp sued the Japanese conglomerate in Tokyo on Monday, seeking 301.99 million yen ($2.45 million) in damages after the firm’s stock plunged in the wake of a multi-billion dollar accounting scandal. The lawsuit against ...
Asian markets close near flat, economic data eyed
December 7th, 2015
Asian stocks lost much of their gains from the morning session to close near flat on Monday, as investors eye a host of economic data due this week. Last week, nonfarm payrolls data showed the U.S. economy created 211,000 ...
Why the Fed Has to Raise Rates
December 4th, 2015
No empire has ever prospered or endured by weakening its currency. A great many insightful commentators have made the case for why the Fed shouldn’t raise rates this month–or indeed, any other month. The basic idea is that the ...
