Articles by Court
Asian Shares Rise On Hopes Of German Court Ruling, Fed Action
September 11 2012 9:38 PM EDT
Asian shares edged higher Wednesday as investors remained cautiously optimistic that a German court would approve the legality of the euro zone's bailout fund later in the day and the U.S. Federal Reserve may deliver further stimulus measures this week.
Risk currencies forge gains as US dollar’s appeal evaporates; disappointment risk grows
September 11 2012 8:11 PM EDT
Gains across the risk spectrum resembled all signs of a fully fledged risk rally overnight with the commodity bloc leading an offensive higher against the out-of-form greenback.
Steve Wynn Awarded $20 Million In Slander Suit Against 'Girls Gone Wild' Founder Joe Francis
September 11 2012 4:10 PM EDT
A California jury awarded Las Vegas casino mogul Steve Wynn $20 million in his slander case against "Girls Gone Wild" founder Joe Francis.
Los Angeles Lakers News: Mark Cuban Skeptical about L.A. Title Hopes, Sour Grapes Over Not Landing Dwight Howard?
September 11 2012 2:56 PM EDT
Mark Cuban has made news by saying he’s not convinced the Los Angeles Lakers will be a title contender. Does the Mavericks owner harbor resentment over not landing Dwight Howard?
Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and NZD
September 11 2012 2:16 PM EDT
• USD sharply lower as markets await the outcome of the FOMC meeting. • EUR extends its weekly gains, rising to a fresh four-month high against the USD on optimism over an ECB bond-buying scheme. • Yen soars to 3-month highs against the USD as an expected third QE program will narrow the yield gap between US and Japanese securities
10 rare US Gold coins worth $80-M belong to the Government
September 11 2012 1:58 PM EDT
A US judge ruled that 10 rare Gold coins worth $80-M belonged to the US government, not a family that had sued the US Treasury, saying it had illegally seized them.
Justice By The Sword: Saudi Arabia's Embrace Of The Death Penalty
September 11 2012 1:49 PM EDT
Saudi Arabia regularly executes convicted criminals by beheading. Its use of the death penalty has been criticized due to a lack of transparency and due process in its criminal justice system
Euro To Consolidate Ahead Of ESM Vote, Germany Endorses ECB Plan
September 11 2012 10:32 AM EDT
The Euro rallied to an overnight high of 1.2817 as Germany's Constitutional Court reassured that it will rule on the European Stability Mechanism on September 12, while Finance Minister Wolfgang Schaeuble warned of the slowing recovery in Europe's largest economy as the debt crisis continued to dampen the outlook for the region. In turn, Germany's Economy Ministry endorsed the European Central Bank's bond-buying program as the non-standard measure is expected to boost short-term liqu...
Oil prices trading either side of unchanged
September 11 2012 10:24 AM EDT
This week is setting up much like last week in that stimulus or quantitative easing is by far the main item of focus by both traders and investors. The US Fed FOMC meeting is Wednesday and Thursday of this week with many participants expecting the Fed to act now to try to jump start the economy and try to put some life into the faltering jobs market as both are part of their mandate. The market became slightly more convinced that the Fed would act this week after Friday's weak nonfarm payroll...
Morning Gold Market Report 9/11
September 11 2012 10:19 AM EDT
The gold market is consolidating ahead of the FOMC meeting this week, as anticipation is building that the Fed will announce a fresh round of quantitative easing, almost to the point of it being a foregone conclusion. A major investment bank is looking for the Fed to include open-ended purchase of Treasuries and mortgage-backed securities and an extension of the low interest rate policy out to 2015 in its strategy to boost economic activity.
Morning Silver Market Report 9/11
September 11 2012 10:18 AM EDT
The silver market is finding support off of expectations that the Fed will announce a quantitative program at the FOMC meeting this Wednesday and Thursday. And like gold, there may be a tendency for the market to consolidate ahead of that meeting. The German High Court announcement tomorrow on the legality of the European bailout could shake thinks up a bit if it rules against the plan, but with the FOMC meeting looming, the reaction could be postponed. The weaker dollar this morning is supporti...
Morning Platinum Market Report 9/11
September 11 2012 10:17 AM EDT
October platinum is positing moderate losses this morning, although prices remain in close proximity to yesterday's new 4 1/2-month high. Labor unrest in South Africa continues to be viewed by many traders as the main source of strength for platinum prices, as workers at a major producer are asking for a pay hike for the second time this year.
London Session: Is this the calm before the storm?
September 11 2012 8:26 AM EDT
This is the second day of very tight ranges that we have seen in FX markets. Yesterday's action could be put down to the markets taking a breather after Thursday and Friday's rally from last week, however today's price action could be put down to nervousness ahead of major event risks due this week.
Indian Cartoonist's Arrest On Sedition Charges Sparks Widespread Criticism
September 11 2012 6:51 AM EDT
The arrest of freelance cartoonist and free-speech activist Aseem Trivedi on charges that his cartoons were derogatory to the Indian constitution has sparked widespread furor in India.
Most Important Supreme Court Decision Of 2012: Six Things To Know
September 11 2012 6:15 AM EDT
The most important court decision of 2012 will take place Wednesday in Germany, when the red-robed justices of the German Constitutional Court hand down a decision for which it is no hyperbole to say it could change the course of history. The Court is expected to rule over whether Germany is barred from contributing to the European Stability Mechanism, Europe's all-purpose bailout fund of which the German state is the major planned benefactor.
Asian Stocks Fall Ahead Of German Ruling, Fed Meeting
September 11 2012 5:00 AM EDT
Asian stock markets declined Tuesday as investors opted for caution ahead of key events including German court ruling on ESM constitutionality and the U.S. Federal Reserve policy meeting later this week.
Brent eases but stays above $114 ahead of Fed meeting
September 11 2012 3:53 AM EDT
Brent crude futures fell for the first time in four sessions on Tuesday as investors took profits, though they remained above $114 a barrel with declines limited by hopes the U.S. Federal Reserve would unveil further steps to stimulate the economy this week. Profit-taking kicked in after Brent rose nearly $2 in the past three sessions, said Ken Hasegawa, a commodity sales manager at Newedge Japan, though prices are likely to remain fairly steady ahead of a keenly awaited Fed meeting on Wednesday...
US Open Final: Andy Murray’s Winning Moments Against Novak Djokovic (PHOTOS)
September 11 2012 3:30 AM EDT
Andy Murray finally ends his country's 76 year long wait for a major Tennis title as he won over Novak Djokovic at the U.S. Open final, Monday. He is the first Briton to win a grand slam singles title in the modern era. The last British who won a grand Slam was Fred Perry in 1936. He had won U.S. Championships the predecessor of US open then.
Zac Posen Makes Naomi Campbell, Coco Rocha Runway Debutantes For Spring 2013 New York Fashion Week [PHOTOS]
September 10 2012 10:16 PM EDT
Zac Posen enlisted supermodel friends Naomi Campbell and Coco Rocha to walk the runway in his Spring 2012 show at Mercedes-Benz Fashion Week in New York inspired by "the great elegant women that inhabit our Earth."