Financial Services

Euro Zone Recovery Is Unsustainable: Report
June 18 2013 4:59 PM

A report by the Jerome Levy Forecasting Center says that the euro zone recovery will only last a few months.
Why Calls In State Prisons Cost So Much
June 18 2013 3:13 PM

Phone companies in state jails give kickbacks to prisons and charge insane prices.
Deloitte Banned From Consulting In New York For A Year
June 18 2013 3:11 PM

Major consultancy Deloitte has been banned from consulting in New York state temporarily, after an investigation found conflicts of interest.
Fed Tapering: Winners & Losers
June 18 2013 2:33 PM

Which types of U.S. investors will gain when the Federal Reserve eventually tapers -- i.e., decreases -- its quantitative easing program?
Did HSBC Rig Key Asia Interest Rate?
June 18 2013 11:16 AM

Maybe Hong Kong needs an Edward Snowden-type in its banks.
Swiss Parliament - Tax Info Is Ours Alone
June 18 2013 9:21 AM

Swiss lawmakers have criticized U.S. attempts to elicit information on U.S. tax evaders as undermining Swiss sovereignty.
May US Housing Starts Jump Unexpectedly
June 18 2013 8:41 AM

The rebound is being driven by low mortgage rates, an improving job market and adequate consumer confidence.
Commerzbank Will Cut 10% Of Workforce: Sources
June 18 2013 8:15 AM

German bank Commerzbank has agreed on a level of job cuts crucial to an ambitious years-long restructuring, said negotiators.
FOMC Preview: Tapering Is Not Tightening
June 18 2013 6:54 AM

Economists expect the Federal Reserve Wed. to continue, for the time being, its QE program of $85 billion in asset purchases per month.
US Stock Futures Edge Higher Ahead Of Inflation, Housing Starts Data
June 18 2013 6:23 AM

U.S. stock index futures gain as markets await reports on inflation and housing starts.
ECB Could Use Negative Deposit Rates To Aid EZ: Draghi
June 18 2013 6:17 AM

ECB's Mario Draghi said Tuesday that the bank may resort to unusual policy measures such as negative deposit rates to save the euro zone.
German Sentiment, UK Inflation Up
June 18 2013 5:47 AM

Investor sentiment in Germany and the euro zone improved more than expected while inflation in the UK rebounded, data released on Tuesday show.
Turkish Minister Furious At The Economist Magazine
June 17 2013 4:15 PM

EU Minister Egemen Bağiş had some choice words for the weekly British magazine.
EU To Approve Significant Merger of NYSE, ICE
June 17 2013 12:57 PM

EU regulators look set to approve an $8.2 billion takeover of NYSE Euronext by Intercontinental Exchange (ICE).
China's Latest Move To Boost Economic Confidence
June 17 2013 11:03 AM

Beijing bought shares in the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and Agricultural Bank of China.
US Stock Futures Edge Higher Ahead Of Manufacturing Survey
June 17 2013 6:49 AM

Investors also had an ear for a hint of the U.S. Federal Reserve's likely monetary policy stance at its meeting Wednesday.
Brazil On Track For Record IPO Haul In H1 Despite Slowing Growth
June 17 2013 5:16 AM

Brazil's IPO market is set for a record haul with companies tipped to raise $10.6 billion in public offerings despite weak economic growth.
India's RBI Keeps Key Rates Unchanged
June 17 2013 1:24 AM

India's central bank left benchmark rates untouched on Monday as softening inflation is offset by currency and deficit concerns.
Gold Prices Could Swing Upward Wildly: Analysts
June 14 2013 2:35 PM

Two top gold analysts predict that the price of gold could skyrocket by the end of 2013.
IMF Cuts 2014 US Growth Outlook To 2.7% From 3.0%
June 14 2013 11:50 AM

The International Monetary Fund blamed the sequestration and deficit reduction for its lowered GDP outlook for the U.S.

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