News by tag: US

19.01.2018

HSBC: $100m fine to settle US forex investigation

HSBC has agreed to pay just over $100m in penalties to settle a US Department of Justice probe into currency rigging. The payment comprises of $38.4m in restitution and a $63.1m fine, with the latter reflecting a 15pc reduction "in recognition of HSBC's cooperation during the investigation and its extensive remediation".

 
Read More
17.01.2018

How do you say déjà vu in Spanish?

Nearly two out of three Latin Americans will choose a new leader over the next 12 months. Chile and Honduras have kicked off the year-long cycle. Brazil, Colombia, Costa Rica, Mexico, Paraguay and possibly Venezuela will follow next year.

 
Read More
16.01.2018

Citigroup promised to close gender pay gap

Citigroup will boost job compensation for women and minorities in a bid to close pay gaps in the U.S., United Kingdom, and Germany, becoming the first U.S. bank to respond to shareholder pressure about the inequalities. The New York-based financial company announced the effort Monday, saying it had conducted a survey in the three countries, where it found that women and minorities are paid only slightly less than their male and non-minority counterparts.

 
Read More
15.01.2018

US Government fears Bitcoin become next Swiss bank account

The US Treasury Secretary, Steven Mnuchin, stated that he’s “concerned consumers could get hurt” by using cryptocurrencies. To this he further declared that he would be working with the Group of 20 nations to prevent cryptocurrencies such as bitcoin from becoming the digital equivalent of an anonymous Swiss bank account. Mnuchin, during an interview at the Economic Club of Washington, said that the Financial Stability Oversight Council (FSOC) created a working group to examine digital currencies like bitcoin.

 
Read More
12.01.2018

Walmart raises minimum US wage to $11

Walmart, the world’s largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, handing out one-time cash bonuses to those who don’t benefit from the pay hike and expanding its maternity and parental leave benefits. The retailer said Thursday that changes to its compensation and benefits policy will impact more than a million hourly workers in the U.S. The company employs 1.5 million people in the U.S.

 
Read More
11.01.2018

Tell-Tell Forex and Debt

When the Fed raises interest rates, a recession usually follows, and this would mean the calculations of the budget office would be very far off the mark as tax income would markedly decrease.

 
Read More
03.01.2018

US Dollar vs Gold vs Bitcoin

The price of the US dollar in Forex markets will be influenced by the success and subsequent decline of Bitcoin while at the same time the Chinese support the yuan as an international reserve currency and continue putting more renminbi in circulation.

 
Read More
02.01.2018

Caterpillar faces $2 bn tax fight over Swiss subsidiary

Caterpillar has long used a subsidiary in Geneva, Switzerland, called Caterpillar SARL, to process sales and profits for international orders, and the IRS wants the heavy-machinery maker to pay a $2 billion tax bill on that business, according to The Wall Street Journal. The Journal story goes onto say that, although the company maintains that its Swiss strategy, which results in an effective tax rate there of as low as 4%, is legal, some Caterpillar employees have questioned the practice, which began in 1999.

 
Read More
02.01.2018

Bitcoin, it's not a real Happy New Year

Bitcoin has started the year with another drop in its price. It’s the first time since 2015 that the cryptocurrency has started a calendar year with a fall in value. The virtual coin traded at $13,624.56 in the U.S. on Monday, down 4.8 percent from Friday. This is a fall from the final day of trading of 2017 when the price was at $14,156. The disheartening start to the year is in direct contrast to the January of 2017 when the cryptocurrency began its year of huge gains. On the first day of trading in January bitcoin rose 3.6 percent holding a value of approximately $998. 

 
Read More
22.12.2017

The Fed risks a grave policy error

People are becoming more and more frustrated. Donald Trump is not the end result, he’s the harbinger, the beginning of where we are going.

 
Read More




Events


Semptember 2015
  • 22
    Jan

    The caspian week conference is a meeting point of visionaries, market leaders and experts with the f

  • 22
    Jan

    The climate transition creates opportunities and risks, and financial institutions and corporations

  • 22
    Jan

    Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve

  • 30
    Jan

    Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage

  • 31
    Jan

    From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This

See All

newsletter

Updates and news from MarketPlus