China Details Yuan Use Offshore
SHANGHAI--China has released draft guidelines on foreign investors' use of yuan acquired overseas for direct investment in the country, taking another significant step forward in further…
The Word from…Layoffs sweep Wall Street, along with low morale
(Reuters) - In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's…
Global Baking Regulation Update
Enhancing financial regulation has been a common view between governments since crisis in Y 2008, but debates over implementation details continue, especially since the recent debt crisis has given…
On the…
S&P 500…Something is happening here but you don't know what it is do you, Mr. Jones?
The S&P 500 is down 13% for the month to date in August and it's not even over. This is a far worse month, 30% worse than October 2008 which was down 10% although we had two back to back 10%…
Bank Taps Fund, Raising Jitters in Europe
Amid renewed fears that the euro-zone crisis could put fresh pressure on short-term funding, an unidentified bank made use of the Federal Reserve's swap facility via the Swiss National Bank,…
Apple is worth as much as all euro zone banks
LONDON (Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.
U.S. Stocks Little Changed Amid Economic Concern; Oil, Euro Rise
Aug. 19 (Bloomberg) -- U.S. stocks fluctuated between gains and losses as investors weighed growing concern over the global economy and Europe’s debt crisis against valuations near the cheapest level…