Financial & Economic News
SEC charges possible over NYSE’s 2015 outage
Intercontinental Exchange, owner of the New York Stock Exchange, says the Securities and Exchange Commission may bring charges over an outage in July 2015, which halted trading on NYSE for nearly four hours. A software […]
Fed QE wind-down expected to hit mortgage bonds
Analysts are raising concerns about the US housing market as the Federal Reserve (FED) prepares to reduce its bond holdings, particularly $1.75 trillion in mortgage-backed securities. The Fed owns a third of all government-backed mortgage […]
IMF: Greece’s debt remains unsustainable
Over the long term, Greece’s huge debt is “unsustainable” even though the country is making some progress in tackling the problem and its economy is starting to grow again, the International Monetary Fund said. Greece […]
Draghi: Trump’s bank deregulation “the last thing we need”
European Central Bank President Mario Draghi said that regulations enacted after the global financial crisis have brought stability and that “the last thing we need” is President Donald Trump’s moves to weaken bank regulation in […]
ECB: Draghi stands firm on quantitative easing
European Central Bank (ECB) President Mario Draghi acknowledged that the economy is showing signs of strengthening, but told a meeting of European lawmakers that the ECB has no plans to end its policy of stimulus […]
EU ministers vow to maintain Russian sanctions
EU foreign ministers have reaffirmed commitment to economic sanctions on Russia, reacting to uncertainty about how the Trump administration views relations with that country. The intensity of fighting between pro-Russian forces and Ukrainian troops has […]
Tech leaders join opposition to immigrant order
Apple, Google and Microsoft are among the 97 companies backing the state of Washington’s opposition to President Donald Trump’s executive order restricting immigration. The amicus brief filed by the companies states that Trump’s executive order […]
Airbnb, Twitter raise money for refugees
Airbnb says it will match up to $100,000 in donations to the International Refugee Assistance Project and National Immigration Law Center and International Rescue Committee. Twitter says it has raised $1.59 million to help the […]