Russian Billionaires in ‘Horror’ as Putin Risks Isolation

Posted by Forexsq 4 days ago (
img Russia’s richest businessmen are increasingly frantic that President Vladimir Putin’s policies in Ukraine will lead to crippling sanctions and are too scared of reprisal to say so publicly, billionaires and analysts said.

If Putin doesn’t move to end the war in Ukraine in the wake of last week’s downing of a Malaysia Air jet in rebel-held territory, he risks becoming an international outcast l

U.S. Stocks Fall Amid Earnings, Mounting Global Tensions

Posted by Forexsq 4 days ago (
img U.S. stocks fell, after the biggest Standard & Poor’s 500 Index rally since April, as concern over geopolitical tensions kept investors on the sidelines before major companies report earnings.

The S&P 500 lost 0.3 percent to 1,972.96 at 9:30 a.m. in New York. The Dow Jones Industrial Average dropped 27.23 points, or 0.2 percent, to 17,072.95.

Fed’s Junk Loan Bubble Busting Seen Failing as Sales Jump

Posted by Forexsq 4 days ago (
img One of the Federal Reserve’s first post-crisis tests of its ability to quash excessive risk-taking using regulatory tools is so far looking like a failure.

The Fed’s Board of Governors told Congress last week that it’s engaged in “strong supervisory follow-up” to guidance given to banks in 2013 to improve their underwriting standards for high-yield loans. Despite those efforts, Chair Janet Yel

N.Z. Dollar Gains Most in Week on Rate View; Rupiah Gains

Posted by Forexsq 4 days ago (
img New Zealand’s dollar advanced the most in more than a week amid bets the nation’s central bank will raise borrowing costs this week, further increasing the highest benchmark rate in the developed world.

A gauge of the dollar fell from four-week high as the Federal Reserve Bank of Chicago national activity index rose less than forecast. Indonesia’s rupiah gained for a fourth day on speculation

Wall Street reform law only half done

Posted by Forexsq 4 days ago (
img Four years have passed since Congress passed a reform law aimed at limiting the fallout of another Wall Street collapse. Only half of the intended rules are in place.

While regulators have sped up the pace of finalizing the complex batch of regulations required by Dodd-Frank, there's clearly a lot more work ahead.

Netanyahu Orders Military to Ready Wider Gaza Incursion

Posted by Forexsq 7 days ago (
img Israeli Prime Minister Benjamin Netanyahu said he ordered the military to prepare to widen a ground operation against Palestinian militants in the Gaza Strip which began after days of aerial bombardment.

Israeli soldiers, backed by tanks, heavy artillery, aircraft and warships, moved into the Hamas-controlled enclave late yesterday after 2,100 air strikes over 10 days failed to quash barrages

U.S. Stocks Advance on Google While Bonds Fall With Gold

Posted by Forexsq 7 days ago (
img U.S. stocks rose, after the Standard & Poor’s 500 Index fell the most since April, as Google Inc. rallied and concerns eased over the crises in the Middle East and Ukraine. Treasuries dropped with gold.

The S&P 500 rose 0.6 percent at 11 a.m. in New York, as technology shares advanced on better-than-estimated sales from Google. The Stoxx Europe 600 Index fell 0.2 percent to pare earlier declin

Yen erases overnight gains after Malaysian jet crash

Posted by Forexsq 7 days ago (http
img The yen weakened against other major currencies in Asia on Friday, as investors bought rival currencies on the dip, after the yen gained overnight due to its perceived safety in the wake of worrisome geopolitical developments.

The dollar USDJPY +0.18% rose to ¥101.34 from ¥101.17 late Thursday in New York. The euro EURJPY +0.11% gained to ¥137.08 from ¥136.84 after touching ¥136.71, the lowe

World figures comment on downing of Malaysian airliner

Posted by Forexsq 7 days ago (
img The following are selected comments from world figures on the shooting down of Malaysia Airlines flight MH17 near the Ukraine-Russia border:

U.S. Vice President Joe Biden:

"(The plane) apparently has been shot down - shot down, not an accident, blown out of the sky."

Russian President Vladimir Putin:

"This tragedy would not have happened, if there had been peace on that land, or in an

Asian stocks decline after plane crash

Posted by Forexsq 7 days ago (
img World markets fell further on Friday on fear of escalating tensions in Ukraine after a Malaysia Airlines plane crashed in the east of the country.

The U.S. believes Flight MH17 was brought down by a surface-to-air missile over a region that has seen heavy fighting between pro-Russian separatists and Ukrainian government forces.

Microsoft cuts 18,000 jobs

Posted by Forexsq 8 days ago (
img Microsoft CEO Satya Nadella wasn't kidding -- he really is making bold changes.

The software giant said it would cut 18,000 jobs within the next year -- about 14% of the company's 125,000 employees. That's by far the largest round of layoffs in the company's history.

Yen higher vs. rivals as euro-area bonds fall

Posted by Forexsq 8 days ago (
img The yen was higher against major currencies in Asian trading Thursday, hitting a five-and-a-half month high against the euro as bond yields fell in the euro-zone and the U.S.

As of 04:50 GMT, the euro EURJPY -0.15% was at ¥137.30 from ¥137.51 late Wednesday in New York, approaching the year-low of ¥.76 set Feb. 6. The dollar also declined to ¥101.48 from ¥101.68.

The common currency lost m

Malaysia Airlines flight crashes in Ukraine

Posted by Forexsq 7 days ago (
img A Malaysia Airlines passenger jet crashed -- and was possibly shot down -- in eastern Ukraine on Thursday.

The plane had 280 passengers and 15 crew members on board, read a Facebook post from Anton Gerashchenko, adviser to the Ukrainian Interior Ministry.

The Boeing 777 was "shot down" over Ukraine by "terrorists" operating a Buk surface-to-air missile system, the post said.

The plane wa

U.S. Stocks Decline on Housing Starts, Russia Sanctions

Posted by Forexsq 8 days ago (
img U.S. stocks fell, after the Dow Jones Industrial Average reached a record, as European markets slumped on sanctions against Russia and investors weighed corporate earnings amid a slump in housing starts.

SanDisk Corp. dropped 7.5 percent after posting profit margins and sales forecasts that fell short of some analysts’ estimates. Morgan Stanley (MS) rose after reporting earnings that beat proj

Housing Starts in U.S. Decline Amid Plunge in the South

Posted by Forexsq 8 days ago (
img Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S.

Housing starts fell 9.3 percent to an 893,000 annualized rate from a 985,000 pace in May that was weaker than initially estimated, figures from the Commerce Department showed today in Washington. The median estimate of 79 economists surveyed by Blo

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