Search Results for: Fed
Apple Goes to the Supreme Court
February 25th, 2016
The Justices should hear the e-book antitrust case. The Supreme Court may consider as early as Friday whether to take an appeal of one of the great antitrust abuses of recent decades, and the economic import is far larger ...
Asia shares edge ahead with oil, pound slips
February 22nd, 2016
Asian share markets edged cautiously higher on Monday as investors awaited a rush of February industry surveys to take the pulse of the global economy, while sterling suffered on concerns the UK might yet vote to leave the European ...
Operators of Bitcoin Mining Operation Butterfly Labs Agree to Settle FTC Charges
February 19th, 2016
Butterfly Labs and two of its operators have agreed to settle Federal Trade Commission charges that they deceived thousands of consumers about the availability, profitability, and newness of machines designed to mine the virtual currency known as Bitcoin, and ...
VimpelCom will pay to resolve probes in the second largest global anti-corruption settlement in history
February 19th, 2016
Amsterdam-based telecommunications operator VimpelCom Ltd on Thursday said it would pay $795 million (£555 million) to resolve U.S. and Dutch probes into a bribery scheme in Uzbekistan, in the second largest global anti-corruption settlement in history. The settlement was ...
Asia trades lower as Nikkei slips 2.2%
February 19th, 2016
Major markets in Asia were mostly down on Friday, with the Japanese market falling behind its regional peers. The Japanese benchmark Nikkei 225 index shed 2.18 percent in the afternoon trade with shares broadly trading in the red. The yen strengthened ...
MOEX improves clearing of OTC derivatives
February 17th, 2016
Beginning 15 February 2016, the Moscow Exchange Standardised OTC Derivatives Market will offer new types of centrally cleared OTC transactions, FX swaps and FX forwards. These will be in addition to already available central counterparty (CCP) cleared OTC interest ...
Asian shares consolidate, oil swings higher
February 17th, 2016
Asian shares were taking a breather on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. The mood was ...
BlackRock hedge fund sees worst start
February 16th, 2016
Bloomberg News reports that the flagship $1.9bn Obsidian fund fell 4% in January after failing to anticipate “the extent to which markets would trade in lockstep with commodities,” according to an investor update, a copy of which was obtained by ...
Shares Jump From Europe to Japan as Oil Holds Rally; Yuan Soars
February 16th, 2016
Absence of post-holiday China selloff bolstered sentiment Draghi said ECB will act should turmoil hit price stability Stocks came back with a vengeance amid speculation losses that sent global equities into a bear market had gone too far, with ...
Gold outlook improves
February 12th, 2016
There is a conflation of three related events that materially alter the prospects in favour of a higher gold price. The change in the outlook for US interest rates has probably put an end to the dollar’s four-year bull ...
