The Federal Reserve said it would scale back its purchases of mortgage and Treasury bonds to $25 billion monthly and delivered a modestly more upbeat assessment of inflation, jobs and the economy, hours after a stronger-than-expected U.S. growth report.
Saudi Arabia, the oil-producing kingdom whose stock market has been off-limits to outsiders, will allow foreign investors to buy and sell shares next year as it seeks to lure capital to the $745 billion economy.
Up to now, according to Behavioral Law and Disorder, the Supreme Court, like most investors, has failed to take account of the non-rational nature of the markets by requiring investment professionals to benchmark themselves against the failed Efficient
Moody's Investors Service on Wednesday lowered GCB Bank Limited's global local-currency long-term deposit ratings to B2, from B1, and the foreign-currency deposit ratings to B3, from B2, saying outlook is negative.
Ministers of Finance, business leaders, accounting professionals, and academics from Europe and Central Asia, together with representatives of the World Bank and key EU and international institutions in financial reporting and auditing, met today in Vienn
President Barack Obama proposed a $3.9 trillion budget package Tuesday peppered with new taxes on upper-income Americans and businesses, plus numerous spending initiatives aimed at bolstering education, research and low-income work programs.
Financial headlines have rightly been dominated by the largest 7-day sell-off of the Chinese yuan on record. Everyone's speculating whether it's been a deliberate move by the People's Bank of China (PBOC) or not. The consensus is that it's been PBOC initi
On 21 February 2014, Helge Peukert, Associate Professor of Finance and Financial Sociology at the University of Erfurt, gave a talk at the Center for Financial Studies about Foundations of a stable financial market order. The talk was part of the CFS le
The euro zone economic recovery picked up speed in the final quarter of 2013, suggesting the currency bloc is slowly finding its footing after a pair of recessions that pushed unemployment to record highs and led to crippling downturns in southern Europe.
The Bank of England said Wednesday that the U.K. economy is set to grow much faster than previously expected and that its flagship policy of forward guidance has encouraged businesses to hire and spend.
South Africa's central bank raised its key interest rate on Wednesday, aiming to break free of a rush out of bonds and currencies of vulnerable emerging markets around the world. South African Reserve Bank Gov. Gill Marcus said the bank's monetary policy
The International Organization of Securities Commissions (IOSCO) today published the final report on Recommendations Regarding the Protection of Client Assets, which seeks to help regulators improve the supervision of intermediaries holding client assets.
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The IMF has released its January 2014 update on World Economic Outlook (WEO) titled "Is the Tide Rising"? Being an update from the October 2013 edition, the institution made the following remarks on the state of global economy:
The world’s central banks face a diverse set of challenges in 2014. Journal economics correspondents Jon Hilsenrath and Brian Blackstone detail what they are in a live video Spreecast chat at 11:00 a.m. EST today.
WASHINGTON (Reuters) - U.S. bank regulators said on Friday they would consider exempting certain complex securities from the so-called Volcker rule after community banks sued the agencies, warning of massive losses.
Permanent mass unemployment destroys all the moral foundations of social order. The young forced to remain idle are the ferment of which the most radical political movements are formed. In their ranks are the soldiers of the coming revolution Von Mi
The Volcker rule will put in place new hurdles for banks that buy and sell securities on behalf of clients and will restrict compensation arrangements that incentivize risky trading, as regulators seek to prevent banks from making volatile bets with their
Eight global financial institutions, including J.P. Morgan, Societe Generale and Deutsche Bank, were fined €1.71 billion ($2.32 billion) by European Union regulators for alleged collusion in fixing key benchmark rates.
China presented to the public its boldest set of economic and social reforms in nearly three decades yesterday, Friday November 15, 2013; relaxing its one-child policy and further freeing up markets in order to put the world's second-largest economy on a
The Committee on Payment and Settlement Systems (CPSS) and the Board of the International Organization of Securities Commissions (IOSCO) today published the public responses to the consultative report on Recovery of financial market infrastructures.