Search Results for: President Barack Obama
Sterling slips as Brexit looms large again
May 11th, 2016
Sterling slipped against the euro and dollar on Wednesday, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay. The ...
Asian Stocks Retreat as Oil Falls With Copper; Yen Strengthens
April 25th, 2016
Japanese currency advances after steepest drop since 2014 Crude retreats from five-month high; British pound gains Asian shares were set for the first back-to-back declines in a month as commodities prices retreated and the yen strengthened, reflecting investor caution ...
Christine Lagarde: IMF chief says ‘we are on alert’ when assessing risks to global growth
April 6th, 2016
International Monetary Fund Managing Director Christine Lagarde amped up calls for stronger action by world’s economies to boost growth, warning that downside risks were increasing without decisive action. In a speech at Goethe University of Frankfurt on 5 April, ...
G-20 Wants Governments Doing More, and Central Banks Less
February 29th, 2016
Fiscal pledges lack specifics, risking market disappointment Concern voiced over currency wars after BOJ rate surprise Finance chiefs from the world’s top economies committed their governments to doing more to boost global growth amid mounting concerns over the potency ...
Morgan Stanley to pay $3.2 billion to settle financial crisis-era charges
February 12th, 2016
Morgan Stanley (MS.N) will pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday. The case stems from an investigation by the ...
KPMG withdraws audit opinions on CFTC over accounting error
January 20th, 2016
The U.S. regulator that polices the complex derivatives markets is struggling to keep its own books in order and has made a material error that its auditor found so significant that it withdrew nearly a decade of its financial ...
Iran Nuclear Deal Stokes Anxiety Among Its Rivals
January 18th, 2016
Foes worry about how Tehran will use billions of dollars of unfrozen oil receipts Iran celebrated the removal of economic sanctions on Sunday, even as regional rivals warned that it was still out to destabilize the Middle East and ...
China Antiterror Law Doesn’t Require Encryption Code Handovers
December 28th, 2015
But law passed by rubber-stamp parliament Sunday still raises concerns about its scope and impact China passed a new antiterrorism law that stepped back from previous language of concern to global technology firms, but which still raises questions about ...
EU And US Financial Regulators Appear To Soften Stances On Long-Standing Dispute
December 21st, 2015
The dispute between American and European regulators centered on margin requirements for clearinghouses could be resolved soon. A long-running spat between U.S. and European financial regulators may soon come to a close. In an interview with the Financial Times ...
What Will It Mean If the Yuan Gets Reserve-Currency Status?
November 30th, 2015
At least $1 trillion of global reserves may migrate to yuan Successful bid would boost Xi’s economic reform efforts International Monetary Fund representatives have given China strong signals that the yuan is likely to soon join the fund’s basket of reserve ...
