Search Results for: Fed
Institutional Investors Shift Trading Desk Spending to Technology and Fixed Income
March 1st, 2017
Institutional investors in 2016 increased budgets to fixed-income trading desks in preparation for shifts in the interest-rate environment, and continued to ramp up IT budgets to keep pace with the dramatic changes technology is triggering in financial markets around ...
Former deputy attorney-general of Cyprus was sentenced to 3.5 years in prison
March 1st, 2017
Former deputy attorney-general Rikkos Erotokritou was sentenced to 3.5 years in prison on Wednesday for his involvement in a conspiracy with the Andreas Neocleous law firm in 2013. Panayiotis Neocleous, one of the law firm’s partners and son of ...
Dollar, U.S. futures hold gains, Topix leads markets in Asia
March 1st, 2017
Dollar, U.S. futures hold gains, Topix leads markets in Asia Treasuries drop as odds jump for U.S. rate hike in March Dollar and equity bulls found little cause for concern in Donald Trump’s address to Congress despite a lack ...
ASIC commences civil penalty proceedings against Australian Bank
March 1st, 2017
ASIC has today commenced civil penalty proceedings in the Federal Court against Westpac Banking Corporation (Westpac) for a number of contraventions of the responsible lending provisions of National Consumer Credit Protection Act 2009 (Cth) (the National Credit Act). ASIC ...
Bank of Israel keeps the interest rate unchanged
February 28th, 2017
Inflation data: The Consumer Price Index for January declined by 0.2 percent, in line with the average of forecasters’ projections. There were seasonal declines this month in the clothing and footwear component (9.2 percent), in the housing component (0.5 ...
U.S. oil ticks up for 2nd day on record OPEC output cut compliance
February 28th, 2017
U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC’s production cuts even as the market remains anchored by rising U.S. production. The Organization of the Petroleum Exporting Countries (OPEC) has so ...
Asian Stocks Rise, Bonds Slip Before Trump Speech: Markets Wrap
February 28th, 2017
Odds for U.S. interest rate hike in March rise to 50% Trump speech Tuesday to be scrutinized for spending plans Asian stocks erased gains as a rally in Tokyo faltered and the yen strengthened ahead of Donald Trump’s address ...
Global (economic) warming
February 26th, 2017
If the economy was on its uppers, Trumpenomics could be reasonably compared with Reaganomics. But that is not the case. The economy is operating close to capacity, ….any further fiscal and monetary expansion will begin to create …. economic ...
Dollar and Emerging Market FX to rise; Euro to Weaken, Says Morgan Stanley
February 25th, 2017
New FX forecasts have been released by investment bank Morgan Stanley. They continue to reflect a bullish view of the Dollar but more against lower yielding developed market currencies such as the Euro and Yen than emerging market (EM) ...
Switzerland to draw up a new corporate tax proposal
February 24th, 2017
During its meeting on 22 February 2017, the Federal Council instructed the Federal Department of Finance (FDF) to draw up the substantive parameters for a new tax proposal by mid-2017 at the latest following the vote on corporate tax ...
