Search Results for: US Fed
SAC Prosecutor Tells SEC Cohen’s Case Should Be Delayed
May 29th, 2014
An administrative proceeding filed against SAC Capital Advisors LP founder Steven A. Cohen by the Securities and Exchange Commission should be put on hold because prosecutions of his former employees aren’t fully resolved, the government told an agency judge. ...
Stocks break more records
May 28th, 2014
Wall Street celebrated the unofficial start of summer with a sizzling performance. Stocks raced to all-time highs on Tuesday as investors cheered positive economic reports in the U.S. and a wave of buying in Europe over the long weekend. ...
Dear Investors: China’s Problems Are Your Problems
May 27th, 2014
I have long argued that it will take a sizable shock to switch the current “risk on” investment climate to one of “risk off.” The robust U.S. stock market persists even though the housing recovery has stagnated, labor markets ...
Euro feels impact of European elections – Euro Currency update
May 27th, 2014
Currencies Outlook of May 27th The Euro The Euro is weaker against most of its rivals as the impact of last week’s European elections continues to be felt. Victory for Euro-sceptic parties weighed upon the single currency. Also piling ...
Accounting giants press for seat at G20 table
May 26th, 2014
The Australian federal government allegedly accepted sponsorship of more than $US300,000 from three of the accounting sector’s ‘big four’ for a seat at the table of a high profile tax summit in Tokyo ahead of this year’s G20 talks ...
Euro hits three-month low after German data surprise
May 23rd, 2014
Asian shares hit one-year highs on Friday and bond yields were on track to notch up a broad-based rise on the week, but European markets softened after a closely watched measure of German business confidence came in weaker than ...
Wall Street Finds New Subprime With Brokers Pitching 125% Loans
May 22nd, 2014
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit. From an office near ...
Asian stocks rise as China manufacturing improves
May 22nd, 2014
Japan’s Nikkei led gains in Asian stock markets Thursday after a manufacturing survey suggested the slowdown in China’s economy is flattening out and Fed minutes reinforced expectations the U.S. central bank won’t rush to raise interest rates. HSBC’s manufacturing ...
BNP Case Shows French Companies Learn U.S. Law Hard Way
May 22nd, 2014
Some French companies have been slow to learn that doing business in the U.S. means obeying its laws. U.S. authorities are seeking a record fine against BNP Paribas SA (BNP) that would make it the first French bank since ...
ASIC takes civil action against Astra Resources and its directors
May 21st, 2014
The Australian Securities and Investments Commission (ASIC) has started legal action against Astra Resources PLC (Astra Resources) and its directors, alleging the company illegally raised more than $7.6 million from almost 300 Australian investors between September 2011 and September ...
