Search Results for: Fed
Belize Firm Charged in $500 Million Tax-Evasion Scheme
September 10th, 2014
IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was ...
Japan Keeps Faith in Weaker Yen as Economy Struggles
September 10th, 2014
Facing the prospect of the first growth-free fiscal year since the 2009 global recession, Japan’s policy makers are keeping faith that a weaker exchange rate will help the world’s third-largest economy. While the yen’s 26 percent slide against the ...
U.S. states probe Home Depot breach, senators seek FTC investigation
September 10th, 2014
Two senators asked the federal government to investigate a data breach on the payment-card processing systems of Home Depot Inc (HD.N) and five U.S. states launched a probe into the matter on Tuesday as fallout from the attack intensified. ...
Gold Remains Under $1260 on U.S. Dollar Strength
September 9th, 2014
Gold hovered near its lowest in three months on Tuesday after sharp overnight losses as the dollar traded at 14-month highs against a basket of major currencies, dimming the metal’s appeal as a currency hedge. Spot gold had slipped ...
Morgan Stanley to pay $95 million in U.S. mortgage-debt settlement
September 9th, 2014
Morgan Stanley (MS.N) has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The settlement, disclosed in court papers ...
Dollar sweeps higher, Japan shares shy from peaks
September 9th, 2014
The U.S. dollar held on to broad-based gains in Asia on Tuesday in a boon for shares of Japanese exporters but a burden for oil, gold and stocks in the energy majors. As the dollar finally broke to a ...
Investigation Reveals Surprising Way Foreign Governments Buy Influence In D.C.
September 9th, 2014
An investigation by The New York Times has found that several prominent Washington, D.C. think tanks have regularly taken donations from foreign entities in exchange for using their influence over U.S. policy decisions. The damning report, published in the ...
Ex-SAC Capital trader gets 9-year sentence
September 9th, 2014
Former SAC Capital portfolio manager Mathew Martoma was sentenced to a nine-year prison term Monday for his role in what federal prosecutors called the most profitable insider-trading scheme in U.S. history. Martoma, a former financial lieutenant to billionaire hedge ...
Gold Steady Below $1270 on Weak Jobs Data
September 8th, 2014
Gold extended gains to a second session on Monday, boosted by a disappointing U.S. non-farm payrolls report that eased concerns about an early interest rate increase, with investors also eyeing developments in the Ukraine crisis. Spot gold had ticked ...
Asian shares tentative, sterling plunges
September 8th, 2014
Sterling declined on Monday and British shares look set to underperform their peers in Europe after a poll found rising support for Scottish independence. European shares are expected to enjoy a firm tone on the whole, following gains on ...
