Search Results for: Fed
Foreign Developed-Market Stocks In The Lead Last Week
May 24th, 2016
Stock markets in the developed world outside the US led the major asset classes higher last week, based on a set of proxy ETFs. Vanguard FTSE Developed Markets (VEA) posted an 0.8% total return for the five trading days ...
Deloitte trashed the hype around the $US180 billion fintech industry
May 24th, 2016
Deloitte just trashed the hype around the online lending industry. The accountancy and consultancy practice has done a deep dive on the online lending industry and its conclusions should make for devastating reading for anyone connected to the sector. ...
All of France’s oil refineries shut down due to strikes
May 24th, 2016
France’s oil refineries are on strike Tuesday, union officials said, with all eight of the country’s refineries out of action. A CGT (General Confederation of Labor) union official confirmed the closures to various media. The union had not responded ...
Moore Stephens Wins Key Ruling on Audit Opinions
May 24th, 2016
Moore Stephens’ Hong Kong firm won a victory in a New York federal appeals court on a case that could have a far-reaching impact on class-action lawsuits involving audit reports. The U.S. Court of Appeals for the Second Circuit ...
European Shares Slide as Bayer Leads Chemicals Drop, Oil Falls
May 24th, 2016
Fiat drags carmakers lower on German report of cheating Greece’s ASE jumps most in western Europe on aid expectation European shares retreated as chemical companies and oil producers tumbled, while investors speculated on the potential timing of a Federal ...
Arrests And Prosecutions Reveal Big Vagaries In Bitcoin Selling Regulations
May 23rd, 2016
U.S. laws governing bitcoin trading are vague and sometimes lead to complicated law enforcement actions, according to an article in Fast Company magazine. Anti-money laundering laws require exchanges to verify customers’ identities, but what constitutes an exchange can sometimes be unclear. ...
Fiat Chrysler suspected of emissions fraud
May 23rd, 2016
German regulators suspect that Italian-American auto maker Fiat Chrysler, like Volkswagen, used illegal software to cheat on emissions tests, a newspaper report said yesterday. The German Federal Motor Vehicle Office (KBA) had sent a report voicing the suspicion to ...
The Eurozone is the greatest danger
May 23rd, 2016
World-wide, markets are horribly distorted, which spells danger not only to investors, but to businesses and their employees as well, because it is impossible to allocate capital efficiently in this financial environment. With markets everywhere disrupted by interventions from ...
Forex Brokers in Philipines try to stop Metrobank from closing their accounts
May 23rd, 2016
AMID a clampdown by banks on ties with money changers and remittance firms, a group representing local foreign exchange dealers is pushing back and challenging what it describes as a unilateral action of local banks to end its business ...
Deutsche Bank May Punish Employees for Personal Trade With Firm
May 20th, 2016
Bank: ‘transaction may have involved unacceptable conflicts’ Auditors estimate employees gained about $37 million, WSJ says Deutsche Bank AG halted bonus payments to a group of employees while examining whether they improperly traded with the firm. “We are reviewing ...
