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.
Major Global Stock Market indexes maintain uptrend as they advanced further in Q3 to record regions after rebounding from a recent dip that was sparked by uncertainties surrounding the posture/outlook of the US Fed Policy.
The Argentina Stock market had a positive YTD performance which has currently placed it as first among global exchanges. One of the factors pointed out is the outright government ban on buying dollars imposed by President Cristina Fernandez de Kirchner's
The International Organization of Securities Commissions (IOSCO) today published the IOSCO Securities Markets Risk Outlook for 2013-2014. The report highlights important trends, vulnerabilities and risks in securities markets that may be of concern from a
Global Stock Markets continue to record further slide as market volatility increases and investors seek safer havens through gold and some government bonds. It would appear that there seems to be no end in sight to the situation further exacerbated by the
The International Monetary Fund cut its world growth forecast amid deteriorating emerging market prospects, urging authorities to shore up their economies as the U.S. prepares to exit its easy money policies and wrestles with a budget impasse that threate
As money flows out of emerging markets on fears about an end to the U.S. Federal Reserve's bond-buying program, frontier markets have enjoyed something of a renaissance - but there can be "huge problems" for intrepid investors, analysts told CNBC.
Oracle Energy Corp. ("the Company" or "Oracle Energy", or "Oracle") (TSX.V: OEC) (Frankfurt: O2E) is pleased to announce the TSX Venture Exchange has accepted for filing the contract between Government of Portugal and Oracle for Petroleum Exploration, Dev
Oracle Energy Corp. ("the Company" or "Oracle Energy", or "Oracle") (TSX.V: OEC) (Frankfurt: O2E) is pleased to announce that it has entered into a Memorandum of Understanding with Greenacres Energy Company Ltd., a Nigerian registered corporation, with th
Libor, the controversial benchmark that underpins interest rates on trillions of dollars in financial contracts, is being sold to NYSE Euronext, the company that runs the New York Stock Exchange, according to people familiar with the matter.
Global regulators may start overseeing currency rates in a widening response to benchmark-rate setting scandals that began with revelations on the manipulation of Libor, according to two people familiar with the matter.
The International Organization of Securities Commissions (IOSCO) published today a consultation report on Regulation of Retail Structured Products, which analyses trends in the retail structured product market, and proposes a regulatory Toolkit for IOSCO
The International Monetary Fund warned that an “Uneven Recovery is also a dangerous one” for the global recovery as it again downgraded its growth forecasts for 2013, while holding out the prospect of relief late in the year.