Search Results for: Fed
Holder won’t meet with BofA CEO as mortgage talks stall
July 10th, 2014
Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its ...
Banks face intensified sanctions probes in U.S.
July 10th, 2014
Following BNP Paribas’ record $8.9 billion in penalties for violating U.S. economic sanctions, federal and state authorities are intensifying investigations of other foreign banks over signs of similar infractions. At least six banks in Germany, France, Italy or Japan ...
Technical Analysis AUD/USD – Runs Into Resistance at 0.9425 Again
July 10th, 2014
Technical Analysis AUD/USD for Thursday, July 10, 2014 The Australian dollar has started this week well slowly edging higher and regaining some of the lost ground from late last week which saw it drop two a two week low ...
BNP pleads guilty for second time in $9 billion U.S. sanctions accord
July 10th, 2014
BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba ...
Portugal Bonds Drop With Europe Stocks as Gold Advances
July 9th, 2014
Portugal and Italy led declines in European bonds and stocks dropped while gold climbed. Emerging-market shares fell from a 16-month high. The yield on Portugal’s 10-year bond jumped 19 basis points to 3.84 percent by 9:53 a.m. in London. ...
Stagflation for HSBC Means Russian Ruble Seen Weakening
July 9th, 2014
The weakest pace of economic growth in five years combined with the fastest inflation (RUCPIYOY) in three are prompting the most-accurate ruble forecaster to predict steeper declines for the currency. The ruble will fall 9.2 percent to 37.50 by ...
Palladium Above $870 on Concerns over Supply Constraints
July 9th, 2014
Palladium climbed for a 13th session on Wednesday to trade near its highest since 2001 on concerns over supply constraints in major producer South Africa, while strong demand for the metal from the auto industry also underpinned prices. Gold ...
Asian Equities Lower with Eyes on China
July 9th, 2014
Asian equities extended losses into a third session on Wednesday following a selloff on Wall Street overnight and steady Chinese inflation data. Consumer prices in the mainland rose an annual 2.3 percent last month, versus estimates for a 2.4 ...
U.S. Treasury Prices Rally on Weak Equities
July 9th, 2014
U.S. Treasury yields fell on Tuesday after the U.S. government’s auction of 3-year Treasury notes, the first of three debt auctions this week. The Treasury Department auctioned $27 billion in three-year notes at a high yield of 0.992 percent, ...
Technical Analysis Gold – Indecision Continues Under $1320
July 9th, 2014
Technical Analysis Gold for Wednesday, July 9, 2014 After pushing higher to a three month high above $1330 last week, gold has spent the last now few days easing lower back to below $1320 and is showing more signs ...
