What goes down must come up
Following a five-year decline, the commodity market is finally trending upward...
Tag : US
US Fed monetary policy: A moving target
Interest rates unchanged following the September meeting Ken Taubes September 26, 2016: As expected, the Federal Reserve Board left interest rates unchanged following the September meeting of the Federal Open Market Committee (FOMC). In its statement following the meeting, the FOMC said, “The Committee judges that the case for an increase in the federal funds...
The Clearing House taps IBM for payment systems
IBM Power Technology to deliver The Clearing House’s real-time payments system to US banks in 2017 September 22, 2016: IBM announced The Clearing House, a national payments system operator for the US banking industry, has selected it to help deliver a new real-time payments system. It is due to roll out in 2017. Set to...
Iran trims aircraft deals
Citing delay by US, reduces Airbus order by six and Boeing by one IFM Correspondent September 21, 2016: Fed up with delay in getting regulatory approvals, Iran has reduced the number of airplanes it plans to buy from Airbus by six and from Boeing by one. The country’s deputy transport minister said Iran finds it...
Asian firms more vulnerable to cyber attacks
Security market in Asia is less than 50% of that in US and Canada Suparna Goswami Bhattacharya September 13, 2016: Asian firms are more vulnerable to cyber attacks than their Western counterparts, says a recent report. The findings by Mandiant Consulting, a FireEye company, states that APAC firms are frequently underprepared to identify and respond...
Big banks still refuse transactions with Iran
Fear backlash from US Suparna Goswami Bhattacharya September 08, 2016: Post-sanctions, things are not exactly smooth for Iran. Many international banks are not letting their customers carry out transactions with Iran. Recently, ANZ bank refused its customers transactions with Iran fearing a backlash from the US treasury. Though Australia has dropped trade sanctions with Iran,...
Clinton accuses Russia of interference in US presidential election
Says President Vladimir Putin sees Trump victory as an advantage IFM Correspondent September 6, 2016: Presidential nominee Hillary Clinton has accused Russia of interfering with the US elections. “It is almost unthinkable”, Clinton said referring to reports of Russia’s alleged involvement in US elections citing the hacking of Democratic National Committee’s emails. “We’ve never had...
Getting closer to US interest rate hike
Fed Chair says data is moving in the right direction and she is philosophically inclined to increase rates, but… Seth Roman September 02, 2016: The intention of the Federal Reserve Board to raise rates is clear, but it is still a question of when. In her annual speech at the Jackson Hole Summit in Wyoming,...
Nigel Farage urges US to vote for Trump
Says will not vote for Clinton even if he gets paid for it IFM Correspondent August 25, 2016: Outgoing UKIP (UK Independence Party) leader Nigel Farage urged Republicans to “get your walking boots on” and drum up support for Republican presidential nominee Donald Trump. Farage addressed around 15,000 activists in Mississippi and said the party...
‘Bill for Turkey coup attempt is $100 billion’
Minister says rebels made Turkey look like a Third World country IFM Correspondent August 3, 2016: The bid to overthrow the government of President Recep Tayyip Erdogan proved very costly for Turkey. According to Bulent Tufenkci, customs and trade minister, the attempt came at of cost of $100 billion (300 billion liras) to the economy....