Search Results for: Fed
Yen Jumps on BOJ Decision as Japanese Bonds Sink; Gold Climbs
July 29th, 2016
Kuroda expands ETF purchase target, leaving policy rate steady BOJ release will be followed by Europe stress tests, U.S. GDP The Bank of Japan’s most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the yen ...
Court froze $11.7 million of Facebook funds because of a legal case
July 28th, 2016
The public federal prosecutor in the Brazilian state of Amazonas said on Wednesday the court there froze 38 million reais ($11.7 million) of funds held in Facebook Inc’s account for failing to comply with a court order to supply ...
ACCA reports increase in reach and influence as membership grows
July 28th, 2016
Leading professional body strengthens global reach and influence through innovation and new partnerships • Membership and student growth tops 5% worldwide as a result of strong membership admissions • Reflects the growing prominence of the industry within economies and ...
FinTech Group and Rocket Internet are working together to create digital banking services in Europe
July 28th, 2016
FinTech Group and Rocket Internet are working together to create digital banking services in Europe Rocket Internet will use liability umbrella and technical infrastructure of FinTech Group’s subsidiaries XCOM AG and Bank biw AG Rocket Internet brings expertise in ...
Dollar Extends Drop as Japan Leads Stocks Lower; Metals Rise
July 28th, 2016
Odds of Fed rate increase this year remain below 50% South Korean won climbs to October high; yen rebounds The dollar extended losses after the Federal Reserve reiterated its gradual approach to raising interest rates, despite acknowledging risks to ...
Is Recession-Risk Monitoring Useful For Investing?
July 27th, 2016
There’s a myth going around that tracking the business cycle is a waste of time for investors. On the surface, the reasoning sounds logical. By the time it’s clear that the US has slipped into a recession, it’s too ...
SEC: State Street Misled Custody Clients About Prices for Foreign Currency Exchange Trades
July 27th, 2016
The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency ...
Yen Plunges and Japan Stocks Rebound on Stimulus Bets; Oil Sinks
July 27th, 2016
Aussie jumps after inflation data, before reversing gains U.S. stock-index futures climb on Apple’s after-market rally The yen dropped as Japan’s Prime Minister was reported to commit to a $265 billion stimulus package. Chinese stocks tumbled and crude oil ...
Law firm’s bank account linked to stolen Malaysian $1bn
July 27th, 2016
Shearman & Sterling has unwittingly become caught up in the biggest ever asset seizure by the US Department of Justice’s anti-corruption unit. According to civil filings to the United States District Court in Los Angeles, the law firm held ...
FTSE 100: Losers of 2015 are Winners of 2016
July 26th, 2016
Mining stocks rose from the bottom to the top in 2016; becoming the biggest FTSE 100 winners of 2016, reversing their losing streak of 2015. Falling commodity prices dragged down mining stocks in 2015, and it is the oil price ...
