Big banks reportedly want another extension on compliance with provisions of the Volcker rule, a portion of the 2010 Dodd-Frank Act that prohibits banks from making speculative bets with their own capital. The banks want […]
Encouraging data on corporate profit, the labor market and oil prices sent the Standard & Poor’s 500 index, the Nasdaq composite and the Dow Jones industrial average to record closing highs Thursday. This is the […]
Appetite for gold is showing no signs of abating, as figures from the World Gold Council revealed record investment demand (1,064 tons) in the first half of 2016. The trend for ETFs to pile in […]
The world will consume less oil next year than previously thought due to a “dimmer macroeconomic outlook,” the IEA said in its monthly oil market report. The energy watchdog expects global oil demand to grow […]
Home sales in the UK are experiencing the most severe decline since the 2008 financial crisis, the Royal Institution of Chartered Surveyors said. Britain’s vote to leave the EU has shaken the confidence of consumers […]
HSBC Holdings and R3, a technology firm backed by Bank of America Merrill Lynch, said they have developed tools that use blockchain technology to simplify international trade finance. They joined with the Infocomm Development Authority […]
Between 50% and 75% of the European Central Bank’s interest-rate changes were transmitted to the real economy, JPMorgan Chase economist David Mackie calculated in response to Bank of England Governor Mark Carney’s disparaging remarks on […]
The People’s Bank of China said in its monetary policy report that it isn’t planning any additional monetary easing. The central bank rejected the idea of lowering its bank required reserve ratio, saying that would […]
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