Posts Tagged ‘Federal Reserve System’

NCA’s bid to get Lauri Love US hack case passwords thrown out

(Media Release) A bid by the National Crime Agency to force an alleged cyber hacker to hand over encrypted computer passwords has been thrown out by a judge. The US is attempting to extradite Lauri Love, 31, on charges of hacking into the US Army, Nasa and US Federal Reserve networks. The agency (NCA) seized […]

Markets are in turmoil – here’s why

(Media Release) When in fog, tread carefully – particularly if you are not sure where the cliff edge is. Another morning and another day of trading screens showing a sea of red. As I write this the FTSE 100 is down 2.6%, the Hang Seng in Hong Kong is down 3.9% and the German Dax […]

Oil prices in reverse amid Opec call

(Media Release) Oil prices tumbled again on Monday, eroding last week’s gains, as Opec called for co-operation from oil-producing nations outside the cartel. Brent crude fell 2.6% to $31.34 a barrel following a 10% rise on Friday, while US oil shed 95 cents to $31.24. The slide came as the head of Opec called for […]

Global stock markets dive amid oil rout

(Media Release) Stock markets worldwide have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact on global growth. The UK’s FTSE 100, Germany’s Dax and the Cac 40 in Paris were all down by about 3%, wiping out the gains recorded on Tuesday. The drop in the FTSE […]

‘Currency instability’ now a serious concern for Canada

(Media Release) TORONTO • Canada’s economy is being threatened by “currency instability” as the loonie’s rapid decline against the U.S. dollar is hurting business and consumer confidence, economists warn. Jack Mintz: Canadians now need to make $100,000 a year to make the same salary as American paid $70,000 as our shrinking dollar brings higher costs […]

Here’s the mistake economists made about falling oil prices

(Media Release) The sharp fall in oil prices since mid-2014 is a definite plus for U.S. consumers, but it hasn’t translated into much of a windfall for retailers or consumer spending. And that’s been a surprise to some economists and investors. In a Tuesday note, ABN Amro senior economist Maritza Cabezas took a look at […]

Gold price falls to five-year low on US rate rise talk

(Media Release) The gold price has fallen to its lowest in more than five years as talk of a US interest rate rise this year has led investors to sell the precious metal. The price fell 4% to as low as $1,088.05 (£697) an ounce in Asian trade – the lowest since March 2010. Investors […]

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