The Federal Reserve has proposed rules that would force banks that invest heavily in commodities and energy to hold more capital against costly accidents. The Fed says the rules would “better address the potential legal, […]
The German economy heavily relies on an anomalous trade surplus, said Peter Praet, a European Central Bank Executive Board member, and he urged the government to work toward lower taxes, higher wages and investment to […]
Dubai is seeking $2.5 billion in loans to finance a 15-kilometer (9-mile) extension of its above-ground metro line to the World Expo site, according to two people with knowledge of the plan. Banks submitted proposals […]
The Bank of Japan left its key interest rate at -0.1% but moved to target the yield curve to ease unwanted side effects of its policies. The central bank established an interest-rate target for 10-year […]
Stocks rose, the yen retreated and long-dated government bond yields rallied around the world Wednesday after Japan’s central bank affirmed its commitment to aggressive easing as it introduced a new monetary policy framework. At the conclusion of […]
A federal judge in New York has ruled that bitcoin (COIN, OTCQB:BTCS) constitutes a form of money. The ruling comes from the ongoing case involving the now-defunct bitcoin exchange Coin.mx and one of its former […]
Downing Street met Wall Street late Monday as Theresa May landed in New York to consult with some of America’s largest firms over how her country should proceed with Brexit. The prime minister held two […]
Foreign exchange transactions indicate that China is under less pressure from capital outflow than it was earlier in the year, the State Administration of Foreign Exchange said. Commercial banks sold 21.7 billion yuan worth of […]
The rise in China’s home prices accelerated last month, according to data from the National Bureau of Statistics. Month-over-month, new-home prices rose in 64 out of 70 large and midsize cities in August, up from […]
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