Wall Street ponders pay czar's move on clawbacks
Wall Street is warily watching the Obama administration's pay czar and wondering if he will flex his muscle to claw back past bonuses paid to some of the biggest players in high finance.
Swiss to reveal some UBS accounts, other banks eyed
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
Swiss to reveal some UBS accounts, others banks eyed
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
The Carry Trade
Carry Trading can be a way for a Forex investor to reap terrific profits on their investment. A carry trade is when a currency with a low interest rate is sold to purchase a currency that pays a high interest rate. The difference in the interest rate between the two currencies is called the interest rate differential. An example of a carry trade currency pair is NZDJPY. For a credit in Japan you need only to pay an interest rate of 0.1 %. On the capital market you will get for your money 5 % whe...
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Swiss to reveal UBS accounts to settle U.S. tax row
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
Consumers to benefit as credit card law debuts
U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes.
3 Vital Business Lessons from Tiger Wood's PGA Loss
You don't have to be a rabid golf fan to know that something just happened in professional golf that was unprecedented and unpredicted: Tiger Woods lost a major golf tournament after leading at the halfway point of thirty-six holes.
Not Your Parents' Gasoline
Gasoline pumps have been labeled as Regular, Midgrade, and Premium based on octane rating for many years, but modern gasoline formulations have many other attributes. Performance and emissions standards that govern how gasoline is made, which have varied over time and by location, affect the production cost of gasoline and its retail price.
Wall Street up as rebound in oil boosts sentiment
Stocks advanced on Wednesday as a strong rebound in oil prices boosted investors' confidence in the market's run-up, sending major indexes up close to 1 percent.
US gold ends up on dollar drop despite weak jewelry
U.S. gold futures rose toward $950 an ounce Wednesday on the back of an oil rally and weaker dollar, even as an industry report showed that gold jewelry demand fell hard amid a global recession.
BJ's Wholesale profit falls but beats Wall St view
BJ's Wholesale Club reported a smaller-than-expected decline in quarterly profit on Wednesday and raised its full-year profit outlook, helped by improved margins and expense controls.
Central bankers to mull crisis lessons at retreat
Two years after the start of the worst global financial crisis since the Great Depression of the 1930s, policy-makers from around the world gather this week to think about how to prevent it from happening again.
Bear Stearns exec ignored conflict warnings: government
A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said.
Swiss to reveal UBS accounts to settle U.S. tax fight
Switzerland has agreed to hand over details of about 4,450 UBS AG bank accounts to U.S. authorities to settle a tax dispute that challenged Swiss banking secrecy and now threatens to spill over to other banks.
UBS to detail some U.S. accounts, others face scrutiny
Switzerland will hand over details of about 4,450 UBS AG bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.
Wall Street turns positive on strength in energy
Stock indexes turned higher on Wednesday, erasing earlier losses on strength in crude oil prices after a surprising drawdown in oil stocks.
Germany sweetens Opel aid offer if Magna wins: report
Germany could provide 4.5 billion euros ($6.35 billion) in upfront state aid for carmaker Opel if General Motors picks Canada's Magna, Berlin's favored suitor, as the buyer, a top official said.
BJ's Wholesale profit beats Street
BJ's Wholesale Club reported a higher-than-expected quarterly profit on Wednesday on improved margins, and the warehouse club operator raised its profit outlook for the year.
Wall Street heads higher as energy shares boost
Stocks shifted gears and headed higher on Wednesday as energy shares jumped after a government oil inventory report showed a huge drop in crude oil supply last week, boosting oil futures almost 4 percent.
UBS to detail some US accounts, others face scrutiny
Switzerland will hand over details of about 4,450 UBS AG bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.
Oil rises towards $71 on signs of U.S. demand recovery
Oil reversed early losses on Wednesday to leap back toward $71 a barrel, as data showing oil demand could be recovering in the United States outweighed doubts about the strength of the global economy.
UBS to disclose U.S. bank details, others face scrutiny
Switzerland will hand over details of about 4,450 UBS bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.
Oil rises towards $70 as U.S. demand recovers
Oil reversed early losses on Wednesday to rise back toward $70 a barrel, as data showing oil demand is recovering in the United States outweighed doubts about the strength of the global economy.
Wall Street slips, following global markets
Stocks slipped on Wednesday, led by the industrial, materials and financial sectors, as a drop in Chinese shares prompted renewed selling in global equity markets on fears stock prices have outpaced the economic recovery.
Buffett says unchecked U.S. debt threatens economy: report
Billionaire investor Warren Buffett said the U.S. economy has avoided a meltdown and appears on a slow path to recovery, but Congress must now deal with enormous amounts of debt that threaten to erode U.S. purchasing power.
Channel Lines, Support and Resistance
Channel lines are straight lines that are drawn parallel to basic trendlines. A rising channel line would be drawn above the price action and parallel to the basic trendline (which is below the price action). A declining channel line would be drawn below the price action and parallel to the down trendline (which is above the price action).Markets often trend within these channels. When this is the case, the chartist can use that knowledge to great advantage by knowing in advance where support an...
Messaging International rejects talk of Apple deal
Communications technology company Messaging International on Wednesday poured cold water on market speculation it was on the verge of announcing a deal with Apple.
Swiss to hand over bank details to U.S. in UBS deal
The Swiss government will hand over details of about 4,450 bank accounts to U.S. authorities as part of a deal struck with Washington over UBS, it said on Wednesday.
Global economic recovery has started: IMF
The global economic recovery has begun but sustaining it will require refocusing the United States toward exports and Asia toward imports, the International Monetary Fund's chief economist said.
Buffett says U.S. on slow path to recovery
The United States economy is out of the emergency room and appears to be on a slow path to recovery, Warren Buffett wrote in an opinion column in the New York Times.
Swiss, U.S. sign accord to settle tax case: official
The Swiss and U.S. governments have signed an agreement involving giant Swiss bank UBS AG aimed at uncovering thousands of Americans who are suspected of evading U.S. taxes, a U.S. Justice Department official said on Wednesday.
Buffett says U.S. on slow path to recovery: report
The United States economy is out of the emergency room and appears to be on a slow path to recovery,, Warren Buffett wrote in an opinion column in the New York Times.
Oil drops below $69 on China shares fall
Oil fell below $69 a barrel on Wednesday, at one stage losing more than $1, after a near 5 percent slump in Chinese shares sent doubts rippling through global markets about the strength of the world economic recovery.
China-led sell-off weighs on stock futures
Stock index futures pointed to a fall of about 1 percent on Wednesday as a drop in Chinese shares prompted renewed selling in global equity markets on fears stock prices have outpaced the economic recovery.
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