Search Results for: Fed
American Express sued for Billions in penalties
November 23rd, 2015
San Francisco sues American Express for billions in penalties, restitution for merchants San Francisco City Attorney Dennis Herrera is suing American Express Company (NYSE: AXP) in a statewide consumer protection action over anti-competitive and illegal merchant restraints alleged to ...
SEC Proposes Rules to Enhance Transparency and Oversight of Alternative Trading Systems
November 20th, 2015
The Securities and Exchange Commission today announced it has voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS stocks), including “dark pools.” ...
U.S. probes Bosch in VW cheating scandal
November 20th, 2015
U.S. authorities are investigating German auto supplier Robert Bosch GmbH over its role in Volkswagen AG’s (VOWG_p.DE) massive scheme to cheat U.S. emission standards, according to people familiar with the matter. Federal prosecutors with the U.S. Department of ...
Asian Stocks Set for Weekly Gain as Metals Advance With Ringgit
November 20th, 2015
Optimism that the Federal Reserve will take a gradual approach to raising interest rates sent Asian equities toward their biggest weekly gain in more than a month and buoyed the region’s currencies. Metals advanced and oil traded near a three-month ...
Advice to the Prime Minister/President
November 19th, 2015
Your country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice from two imaginary economists. PM: You two economists have different views on what our economic ...
Dubai gold prices down for second day
November 19th, 2015
Retail rates drop by Dh2 per gram in two days as US dollar strengthens Gold extended its loss for the second straight day, dropping by as much as Dh2 per gram on Wednesday morning, as the US dollar climbed ...
ASIC has obtained orders freezing investment companies assets
November 18th, 2015
ASIC has obtained orders in the Federal Court of Australia at Melbourne yesterday freezing the assets of CME Capital Australia Pty Ltd, Boston Pacific Capital Australia Pty Ltd and GKN Capital Pty Ltd. ASIC sought the orders after concerns ...
Bitcoin exhange allegedly owned by bank hack mastermind pleaded not guilty to money laundering
November 18th, 2015
Murgio pleads not guilty to charges of money laundering Bitcoin exchange allegedly owned by bank hack mastermind A man accused of operating a bitcoin exchange allegedly owned by the mastermind of a criminal enterprise that hacked at least nine ...
Weird Trading Traditions
November 18th, 2015
In a profession where every stone is unturned and traders spend hours evaluating every outcome it would seem odd that traditions and superstitions could be prevalent. Just like in any business, traders will go against the grain and ...
Asian stocks higher as shock of Paris attacks fades
November 18th, 2015
Asian stocks were mostly higher Wednesday as the shock of the Paris terror attacks faded and an uptick in U.S. inflation added support for a possible interest rate hike. KEEPING SCORE: Tokyo’s Nikkei 225 gained 0.2 percent to 19,676.77 ...
