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Showing 1 - 10 of 108 results for "US Congress"

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
... insisting that the recent surge in inflation is "transitory" for months, Fed chair Powell (in his testimony before the US Congress at the end of November) declared that it's "probably a good time to retire that word". This means faster than expected ...

Economic recap: Week to December 3

BENJAMIN ONG  |  MONDAY, 6 DEC 2021
... insisting that the recent surge in inflation is "transitory" for months, Fed chair Powell (in his testimony before the US Congress at the end of November) declared that it's "probably a good time to retire that word". This means faster than expected ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... 2012 when significant collusion between big banks in the UK was revealed. The LIBOR scandal of 2012 resulted in a US Congress investigation and a parliamentary enquiry in the UK. Court documents filed in Singapore saw a Royal Bank of Scotland trader ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... Cher's classic, "I really don't think you're strong enough now..." In his semi-annual testimony before the US Congress last week, Fed chair Jerome Powell stressed that it would take some time before the central bank could make "substantial ...

CalPERS chief investment officer resigns

JAMIE WILLIAMSON  |  FRIDAY, 7 AUG 2020
The $565 billion pension fund is on the hunt for a new investment chief following the resignation of Yu (Ben) Meng. Meng was appointed to the lead investments role in January 2019 and, last financial year, achieved a return of 4.7% - beating its 4.3% ...

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
... the Russell 2000 by 45.4%. Wall Street's recovery was facilitated by massive monetary and fiscal spending. The US Congress passed a US$2 trillion emergency stimulus package in efforts to lessen the toll on the newly-unemployed - the unemployment ...

Hong Kong financial hub status at risk

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... States laws in the same manner as US laws were applied to Hong Kong before July 1997," Pompeo said in a statement to US Congress. The statement comes after Beijing announced its move to impost Chinese national security laws in Hong Kong, which aim to ...

Whistleblowers rewarded US $570k

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... whistleblowing since issuing its first award in 2012. All payments are made out of an investor protection fund established by US congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. Separately, the ...

CalPERS investment lead targeted by Congressman

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
A US congressman has called for the chief investment officer of America's largest pension fund to be fired. In a series of tweets and interviews, Indiana Congressman Jim Banks has urged for the sacking of CalPERS chief investment officer Yu Ben Meng ...
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