Search Results for: economy
Deutsche Bank Agrees to Pay $7.2 Billion
January 18th, 2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis The Justice Department, along with federal partners, announced today a $7.2 billion settlement ...
Gold Falls With Yen as Haven-Asset Flight Eases: Markets Wrap
January 18th, 2017
Asian emerging-market currencies rise on dollar weakness Yen retreats as the currency ends seven days of strength The flight to haven assets eased following the biggest drop in the dollar since July with moves in the yen, Treasuries and ...
The Pound to Euro Steadies Ahead of May Speech
January 17th, 2017
In a much anticipated speech, UK Prime Minister May should at 1:145GMT introduce the concept of a ‘Clean Brexit’. All the indications in the British press suggest it will be modelled on a series of views outlined in a ...
Gold and Yen Extend Rallies on EU, Trump Concerns: Markets Wrap
January 17th, 2017
May said ready to announce U.K. will leave EU single market IMF lifts its growth forecast for China to 6.5% in 2017 Lingering concern over Donald Trump’s policies and the U.K.’s position in the European Union accelerated a move ...
Eight men earn more than 3.6 billion people: our economics is broken
January 16th, 2017
Today, eight people have the same wealth as the poorest half of the world’s population. Stop and think about this. It is a mind-boggling concept. Last year we said we would have needed a double-decker bus to transport the ...
Gold price boosted by hard Brexit fears
January 16th, 2017
Prospect of leaving single market – plus doubts over Donald Trump effect in US – sees traders rush to ‘safe haven’ Gold is being boosted this morning as concerns over a hard Brexit dominate the market commentary. Reports indicate ...
South Korea prosecutor seeks arrest of Samsung boss
January 16th, 2017
Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family groomed for decades to take over the company from his ...
Dollar edges up from 5-week low vs yen, markets brush off China trade data
January 13th, 2017
The dollar inched up from a five-week low against the yen and steadied against the broader basket of currencies on Friday, while the markets brushed off softer-than-expected Chinese exports figures. The dollar last stood at 115.04 yen JPY=EBS, up ...
Gold price above $1,200 for first time in two months
January 12th, 2017
A New Year rally for the gold price was given an unexpected “Trump bump” yesterday, says Reuters. Having risen from a low of $1,124 an ounce in early December, the metal hit a high of around $1,187 earlier this ...
How Did We Get 2016 So Wrong?
January 12th, 2017
Go through the late 2015/early 2016 articles published on this and similar sites and you’ll find a consensus that 2016 was going to be a really bad year. Corporate profits were falling, business inventories had spiked, and deflation was ...
