PRESIDENT DONALD TRUMP’S effort to change America’s tax code is approaching the finishing line. Republican negotiators from the Senate and the House of Representatives this week hashed out a consensus bill behind closed doors. On December 13th, Mr Trump expressed confidence that he would be able to sign the reform into law before Christmas. The […]
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THE collapses of Enron and WorldCom in the early years of this century turned book-cooking into front-page news. Investors lost over $200bn; in 2002 the stockmarket fell by over a fifth between April and July. In response, America’s Sarbanes-Oxley Act set up a new body, the Public Company Accounting Oversight Board (PCAOB), to supervise auditors. […]
Read more[The stream is slated to start at 08:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Mario Draghi is speaking in Frankfurt, Germany, following the central bank’s monetary policy decision. The ECB decided Thursday keep its monetary policy unchanged and said that […]
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The Bank of England’s (BOE) Monetary Policy Committee (MPC) voted 9-0 on Thursday to keep its monetary policy unchanged, leaving the U.K. interest rate at 0.5 percent in a result widely expected by markets. The focus now moves to inflation, which is at a five-and-a-half-year high, putting pressure on the bank to raise interest rates […]
Read moreA German stock exchange operator is reportedly considering the launch of its own bitcoin futures contracts. Deutsche Boerse executives have been “thinking” about the introduction of futures contracts, German business magazine Wirtschaftswoche reported Wednesday. “We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for […]
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Russian President Vladimir Putin has told an annual end-of-year press conference that he will run for president in early 2018 as an independent candidate. At Putin’s annual question and answer session with Russian and foreign media in Moscow on Thursday, the president was asked by a journalist from the Kommersant newspaper who he was running […]
Read moreThere’s money to be made in currencies whose central banks will make an unpredictable move next year, said David Bloom, HSBC’s global head of foreign exchange strategy. His call for 2018? Bet on the Aussie dollar. Speaking to CNBC Thursday, Bloom predicted the Australian dollar will gain around 10 percent on the U.S. dollar over […]
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South Africa’s Sibanye-Stillwater has agreed to buy Lonmin, valuing the troubled platinum producer at about 285 million pounds ($382.47 million), the two companies said on Thursday. Under the offer, each Lonmin Shareholder will receive 0.967 new Sibanye-Stillwater shares for each Lonmin share. The deal values each Lonmin Share at 86.3 pence and represents a premium […]
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Greece needs to fully complete its current bailout program before the country receives any relief on its huge debt pile, the new Eurogroup president told CNBC. Speaking to CNBC in an exclusive interview, Mario Centeno, the incoming chief of the 19 finance ministers from the euro zone, said there are still “some intermediate steps” before […]
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Don’t hold your breath for the press conference at the European Central Bank (ECB) in Frankfurt, Germany. Expect no proverbial “market-moving news” simply because there are no economic developments that would warrant a departure from an easy credit stance. The euro zone is experiencing a core rate of inflation between 0.9 percent and 1.2 percent. […]
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