Search Results for: U.S. interest rates
Tax Reform Is Not a Fantasy
May 15th, 2014
U.S. companies are stockpiling a record amount of foreign earned profits abroad, roughly $2.1 trillion. The amount of cash held overseas by U.S. multinationals is up 93 percent since 2008. And Uncle Sam receives a near-zero return on foreign ...
Euro Drops From 2 1/2-Year High as Draghi Hints at June Action
May 8th, 2014
The euro weakened from a 2 1/2-year high against the dollar as European Central Bank President Mario Draghi said policy makers were comfortable with taking additional policy action in June if needed. The common currency dropped versus all except ...
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
Deutsche Bank Profit Beats Estimates on Trading Revenue
April 29th, 2014
Deutsche Bank AG (DBK), Europe’s largest investment bank by revenue, said first-quarter profit declined less than expected as trading revenue exceeded analysts’ estimates. Net income dropped 34 percent to 1.08 billion euros ($1.5 billion) in the three months through ...
T. Rowe Price CEO: Investors are focused on valuations
April 25th, 2014
The chief executive of T. Rowe Price Group Inc. says the firm’s long-term perspective and culture are what make up its secret sauce for success. The money manager TROW +0.02% on Thursday reported another strong quarter amid higher fee ...
Puerto Rico woos rich with hefty tax breaks
April 23rd, 2014
John Paulson is expected to expand his investment in Puerto Rico to $1 billion by the end of next year, as the hedge fund titan leads a growing brigade of wealthy U.S. business owners who are taking advantage of ...
Asian Stocks Erase Gain on China Factory, Australian CPI
April 23rd, 2014
Asian stocks erased gains after Chinese manufacturing data signaled persisting weakness in the world’s second-largest economy and Australia’s inflation rose less than expected. China Overseas Land & Investment Ltd., the largest mainland developer traded in Hong Kong, sank 3.7 ...
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 22nd, 2014
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that their economists predicted have yet to materialize, JPMorgan Chase & Co. (JPM), Citigroup ...
Stocks Drop With Ruble as Ukraine Tension Spurs Gold
April 14th, 2014
Global stocks dropped a third day, the ruble tumbled and oil and gold advanced as the U.S. and Russia traded barbs in the United Nations Security Council amid worsening violence in Ukraine. The euro dropped on prospects for more ...
Stock experts say the bull isn’t dead yet
April 7th, 2014
Wall Street professionals are still optimistic about stocks, despite a very volatile start for the markets this year. The 26 investment strategists surveyed in the past week by CNNMoney have an average year-end target for the S&P 500 of ...
