Tag Archives: trillion
U.S. regulator sets final rules for swaps trading
By Douwe Miedema WASHINGTON (Reuters) – The top U.S. derivatives regulator unveiled rules for swaps trading that could break open Wall Street’s dominance of the $630 trillion (413.33 trillion pounds) market, yet contain important concessions to the industry. The Commodity Futures Trading Commission (CFTC) is writing a host of new rules based on lessons learned from the 2007-09 financial crisis, which highlighted the opacity of derivatives and triggered a regulatory crackdown Continue reading
ANZ Cuts Standard Variable Home-Loan Rate 27 BPs
Australia & New Zealand Banking Group Ltd. (ANZ.AU) has cut its headline home loan rate by more than the Australian central bank’s rate cut this week, stepping up the battle for the country’s 1.3 trillion Australian dollar (US$1.31 trillion) home loan market. Continue reading
More early wins for Abenomics, but Japan activity lags
By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) – A small rise in Japanese exports, improving business confidence and surging investment flows demonstrated early successes for Prime Minister Shinzo Abe's radical pro-growth strategy, but firms have yet to see signs of a sustained boost to economic activity. Abe's push for aggressive fiscal and monetary policies to shock the world's third-largest economy back into life after two decades of stagnation has driven the stock market up and the yen down since November. The shift in gears climaxed with the Bank of Japan's $1.4 trillion (917 Continue reading
Record Wall Street lifts Asian shares, yen stays pressed
By Chikako Mogi TOKYO (Reuters) – Wall Street's record closing overnight and optimism about the Chinese economy underpinned Asian shares on Thursday while the yen marked time before testing fresh lows against major currencies as the Bank of Japan's bold stimulus moves continue to kick in. Chinese banks made 1.06 trillion yuan (111.6 billion pounds) of new local currency loans in March, central bank data showed on Thursday, well above market expectations and adding to evidence of an economic recovery being fuelled by ample credit Continue reading
Record Wall Street lifts Asian shares
By Chikako Mogi TOKYO (Reuters) – Wall Street's record closing overnight and optimism about the Chinese economy underpinned Asian shares on Thursday while the yen marked time before testing fresh lows against major currencies as the Bank of Japan's bold stimulus moves continue to kick in. Chinese banks made 1.06 trillion yuan of new local currency loans in March, central bank data showed on Thursday, well above market expectations and adding to evidence of an economic recovery being fuelled by ample credit. .. Continue reading
Yen slumps on BOJ easing, Wall Street shares firmer
By Herbert Lash NEW YORK (Reuters) – The yen slumped on Thursday after the Bank of Japan unveiled a bold plan to pump money into the economy, while U.S. stocks gained on investor optimism that expansionary central bank policies would remain supportive for equities. The BOJ surprised markets when it unleashed the world's most intense burst of monetary stimulus, planning to nearly double the monetary base to 270 trillion yen by the end of 2014, in a shock therapy to end two decades of stagnation Continue reading
Universities sue grads over unpaid student loans
Americans owe roughly $1 trillion in student loans. Now several leading universities are suing their former students to get some of their money back. Continue reading
Cargill joins Wall Street banks as swap dealer
WASHINGTON (Reuters) – Commodities trader Cargill Inc has registered as a swap dealer with the U.S. Continue reading
B.C. to use gas revenues to pay down debt
B.C. Premier Christy Clark says she wants to use the trillion-dollar development potential of liquefied natural gas in the province by establishing a B.C. Prosperity Fund to pay down the provincial debt Continue reading
EU leaders agree to long-term budget
European Union leaders agreed Friday to a drastically reduced 7-year budget worth €959 billion ($1.28 trillion) – the first cut in spending in the 27-country group’s history. Continue reading
