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Showing 391 - 400 of 533 results for "Congress"

Grand currency sale

BENJAMIN ONG  |  WEDNESDAY, 6 OCT 2010

More US investment banks close prop desks

JOHN MCDULING  |  FRIDAY, 1 OCT 2010
... over US$3 trillion in FUM. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed by the US congress and signed into law by President Obama in July, incorporated the "Volcker Rule", which prohibits investment banks from engaging ...

Spoiling for war

BENJAMIN ONG  |  FRIDAY, 1 OCT 2010
... to the world's biggest economy in the world spoiling for war - trade war, that is - with number two. The US House of Congress yesterday voted 348 to 79 passing legislation that would allow American businesses to asked for punitive tariffs imposed on ...

Planes, trains & automobiles and the bush

BENJAMIN ONG  |  TUESDAY, 7 SEP 2010
... every American that they will mow their subjects' lawns, do their laundry or clean their toilets in return for a seat in Congress at the coming mid-term elections in November. Hey, that's just two months away and at the rate the three I's - Independents ...

US needs double the lifeline

JOHN MCDULING  |  FRIDAY, 3 SEP 2010
A two-pronged monetary and fiscal assault may be needed to revitalise the US economy, according to a US-based fund manager. Tom Callan, head of BlackRock's $12 billion global opportunities team, said that quantitative easing should be coupled with fiscal ...

Waiting to exhale

BENJAMIN ONG  |  TUESDAY, 10 AUG 2010
Look ma, Uncle Ben's coming bearing more funny money tomorrow! More free money whoopee! Wall Street rose last night salivating over expectations that tonight's meeting of the Federal Open Market Committee (FOMC) would conclude with a kinder surprise ...

Seven US banks close in a week

RUTH LIEW  |  MONDAY, 26 JUL 2010
... assets of Sterling Bank. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the US Congress to maintain stability and public confidence in the nation's financial system. FDIC insures deposits, examines and supervises ...

Market Wrap - Morning

AAP  |  FRIDAY, 23 JUL 2010
The Australian stock market is expected to open higher, after a positive finish on Wall Street and firmer commodities prices during the offshore session. At 0720 AEST on the Sydney Futures Exchange, the September share price index contract was up 64 ...

US fin reforms win pension fund support

MEDIA RELEASE  |  THURSDAY, 22 JUL 2010
... protections critical for restoring confidence," said Rob Feckner, CalPERS board president. "We applaud President Obama and Congress for achieving this comprehensive overhaul that protects the pension assets of our 1.6 million members and all shareowners." ...

Wall Street takes a dive

BENJAMIN ONG  |  THURSDAY, 22 JUL 2010
... remains unusually uncertain." The printed text of Fed Chairman Ben Bernanke's Semi-annual Monetary Policy Report to the Congress contained 19 paragraphs and 2,419 words. How and why on earth did financial markets zero in on these six words. The answer ...