Search Results for: Fed
Germany wants its gold back
March 22nd, 2016
The Bundesbank has announced plans to repatriate some of Germany’s gold reserves from abroad. At least half of the country’s gold would be transferred to Frankfurt by 2020, according to Bundesbank President Jens Weidmann. Weidmann says 366 tons of ...
Goldman-1MDB Probe Zeroes In on Bond Deals
March 22nd, 2016
Investigation focuses on whether Wall Street firm misled investors when it sold securities issued by Malaysian fund U.S. authorities are investigating whether Goldman Sachs Group Inc. misled bondholders when the firm sold securities issued by a Malaysian government-investment fund that is at ...
U.S. top court agrees to hear Apple and Samsung patent fight
March 22nd, 2016
The U.S. Supreme Court on Monday stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung, agreeing to hear Samsung’s appeal of what it contends were excessive penalties for copying the patented designs ...
ASX chief Elmer Funke Kupper quits in face of investigation
March 22nd, 2016
The head of the Australian Securities Exchange, Elmer Funke Kupper, has quit his $3.5 million a year job over allegations that he knew of a $200,000 payment to the family of Cambodian strongman prime minister Hun Sen. The $200,000 payment was made when Mr Funke Kupper was ...
Russia Deals Deepen India Hold in China Oil-Buying Backyard
March 22nd, 2016
India lift stakes in Siberia fields connected to ESPO pipeline China is biggest buyer of Russian crude, including ESPO supply India is expanding its footprint in China’s backyard by forging deals with Russia for stakes in Siberian fields that supply ...
Asia mixed in quiet trading session, with Nikkei up 1.9%
March 22nd, 2016
Asia markets were mixed in a quiet session on Tuesday, with a weaker yen buoying Japanese stocks while Chinese stocks gave up some of their Monday gains. Japan’s Nikkei 225, which reopened after a public holiday Monday, closed up 323.74 ...
Apple starts busy week with new iPhone launch
March 21st, 2016
Apple is kicking off a busy week: Today the giant tech company will host reporters and analysts at its Silicon Valley headquarters for a product launch event. On Tuesday, its lawyers will square off with authorities in federal court ...
CFTC Approves Substituted Compliance Framework in Follow-up to the Recent Equivalence Agreement between the US and the EU
March 18th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today unanimously approved a substituted compliance framework for dually-registered central counterparties (CCPs) located in the European Union (EU), together with a comparability determination with respect to certain EU rules. Today’s action follows ...
Asia markets mostly up as oil climbs; Nikkei down 1.3%, Shanghai up 1.7%
March 18th, 2016
Asian markets traded mostly higher Friday, after U.S. indexes ended higher and oil prices hit their highest levels for this year. But a stronger yen continued to weigh on Japan’s shares. “The drivers of big swings in the markets ...
CFTC Approves Final Rule to Amend the Trade Option Exemption by Eliminating Certain Reporting and Recordkeeping Requirements for End-Users
March 17th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today approved a final rule that removes reporting and recordkeeping requirements for trade option counterparties that are neither swap dealers nor major swap participants (Non-SD/MSPs), including commercial end-users that transact in trade ...
