2 June, 2015 by The TZ Newswire Staff Comments Off on Warren Says SEC Chairman’s Tenure ‘Extremely Disappointing’
Warren Says SEC Chairman’s Tenure ‘Extremely Disappointing’
U.S. Senator Elizabeth Warren railed against Securities and Exchange Commission Chair Mary Jo White’s performance, saying her tenure at Wall Street’s top regulator has been marked by weak enforcement and sluggish rulemaking.
2 June, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil slips on investor caution, U.S. inventory data awaited
Futures Movers: Oil slips on investor caution, U.S. inventory data awaited
More definitive inventory data from the U.S.
2 June, 2015 by The TZ Newswire Staff Comments Off on Tech ‘unicorns’ don’t need IPOs so this is happening
Tech ‘unicorns’ don’t need IPOs so this is happening
Tech firms are delaying public listings causing a boom in private share trading of unlisted companies, the FT reports.
2 June, 2015 by The TZ Newswire Staff Comments Off on Merrill Lynch Settles with SEC Over Inaccurate Data for Short Sale Order Complaint
Merrill Lynch Settles with SEC Over Inaccurate Data for Short Sale Order Complaint
The Securities and Exchange Commission Monday charged two Merrill Lynch entities with using inaccurate data in the course of executing short sale orders. See how the broker decided to settle the charges.
2 June, 2015 by The TZ Newswire Staff Comments Off on US Congress pushed China towards AIIB: Bernanke
US Congress pushed China towards AIIB: Bernanke
Beijing was pushed into launching the AIIB by U.S. refusal to give China more clout in existing institutions, Bernanke said. The FT reports.
2 June, 2015 by The TZ Newswire Staff Comments Off on Asia stocks subdued, euro and Aussie stand tall
Asia stocks subdued, euro and Aussie stand tall
A spike in U.S. and German debt yields reduced the appetite for riskier assets to keep Asian share markets subdued on Wednesday, while the euro held gains made on upbeat euro zone inflation data and on hopes that Greece will reach a deal with creditors. The Australian dollar rallied after strong GDP data further cooled prospects of a near-term interest rate cut. Japan’s Nikkei (.N225) lost 0.3 percent and Australian shares (.AXJO) shed 1.1 percent.
2 June, 2015 by The TZ Newswire Staff Comments Off on Investors piling into volatility funds bet on more anxiety ahead
Investors piling into volatility funds bet on more anxiety ahead
The U.S. stock market has been strangely calm this year, much to the chagrin of investors who have been betting billions on volatility. The CBOE Volatility Index, or VIX, is down about 30 percent year-to-date, even though some investors have been expecting a rockier stock market as the Federal Reserve gets ready to raise interest rates and the six-year-old bull market ages. “Right now volatility is at that level because no one is talking in panic terms,” said Andrew Wilkinson, chief market analyst at Interactive Brokers Group in Greenwich, Connecticut.