Search Results for: Fed
S&P downgrades Australia’s credit on deficit worries
July 7th, 2016
Global ratings agency Standard & Poor’s downgraded Australia’s sovereign credit rating outlook to AAA negative from AAA stable on Thursday, warning that the country’s path back to budget surpluses is in danger. “We are revising the rating outlook on ...
U.S. Stocks Advance Amid Drug-Maker Rally as Caution Subsides
July 7th, 2016
Fed minutes show heightened uncertainty on job data, U.K. vote Banks, commodity shares rise after erasing early losses U.S. stocks advanced, led by gains among drug companies, as cautious sentiment eased amid speculation the American economy can weather the ...
CME Group Achieved Average Daily Volume of 16.4 Million Contracts per Day in June 2016
July 7th, 2016
CME Group Achieved Average Daily Volume of 16.4 Million Contracts per Day in June 2016, up 13 Percent from June 2015, and 15.1 Million Contracts per Day in Second-Quarter 2016, up 13 Percent from Second-Quarter 2015 Derivatives marketplace CME ...
British pound plunged to fresh 31-year lows
July 6th, 2016
The British pound plunged to fresh 31-year lows on Wednesday, swamped by continued fears over the U.K. leadership vacuum and the country’s potential exit from the European Union (EU). The pound tumbled as low as $1.2796 during Asia trade on Wednesday, ...
CFTC announced that individual and his companies ordered to pay nearly $17.5 Million for operating a Ponzi Scheme
July 6th, 2016
Garcia Sentenced to 78 Months in Prison and a Forfeiture of over $3 Million in a Parallel Criminal Case Federal Court Orders Nearly $17.5 Million in Sanctions against Naples, Florida Resident Dorian Garcia and his Companies for Solicitation Fraud, ...
Asian Shares Retreat With Commodities as Haven Demand Boosts Yen
July 5th, 2016
Aussie falls as RBA leaves key rate unchanged; yen advances Nickel slides from eight-month high as Brent crude below $50 Asian stocks dropped for the first time in a week and European equity index futures fell with commodities as ...
Brexit isn’t the most serious threat to the EU — the euro is
July 4th, 2016
Brexit isn’t the most serious threat to the EU — the euro is One surprising thing about Britain’s vote to leave the EU is that Britain’s economy has been doing better than a lot of European countries. Unemployment in ...
Time to Go Long the British Pound?
July 4th, 2016
Well they did it. British voters opted to leave the European Union, and in the process sent the financial markets into a tailspin. But the biggest victim here would appear to be the British pound. The night of the ...
India is on the verge of opening its legal market to foreign law firms
July 4th, 2016
India is on the verge of opening its legal market to foreign law firms as ministers have revealed they will meet to discuss fresh proposals next Tuesday (5 July). Legally India reports that the Bar Council of India (BCI) has ...
Pound logs biggest quarterly drop since the financial crisis
July 1st, 2016
The British pound records its biggest quarterly drop since the financial crisis on Thursday after Bank of England Governor Mark Carney says the central bank would likely need to further ease monetary policy this summer. The British pound fell ...
