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Banking Standards, Proposed by Global Bank Regulator, Demanded to be Softened by the EU

In an effort to protect lenders and the economy from major new costs, the European Union is raising the pressure on global banking regulators to ease proposed capital rules.   A chorus of resistance from EU regulators and policy makers including German Finance Minister Wolfgang Schaeuble...

Might of Global Currency Markets Being Battled by Switzerland

The Swiss National Bank hasn’t stopped capping its currency even though it may have abandoned its currency cap.   According to Bank of America Corp. and the wealth-management unit of UBS Group AG, policy makers defending a de facto franc limit more than 10 percent stronger than the...

Megabanks Prodded to Offshore Wind Loans due to Japan’s Negative Rates

As negative interest rates at home prompt Japan’s biggest banks to search for stronger yields abroad, two of Japan’s biggest banks are redoubling their efforts to lend to the renewable energy industry.   According to data compiled by Bloomberg New Energy Finance for its conference in...

EY says Brexit Blamed for Nearly a third of UK Profit Warnings in Q3

According to professional services firm, EY, which says the full effect has yet to feed through to many other companies, nearly a third of the 68 British companies that issued profit warnings in the third quarter have put the blame on Brexit.   EY's Head of...

With Russia Still on Board, OPEC Meets Non-OPEC Nations for Oil Talks

Aiming to build support for an OPEC plan to reduce output one day after OPEC members were unable to agree on how to implement the deal, officials from OPEC and non-member oil producing countries met on Saturday.   Only the representative of non-OPEC Azerbaijan made comments supportive of the...

Ahead of China Trip, Rhetoric Raked up on Takeovers by German Minister

German Economy Minister Sigmar Gabriel said on Saturday that while protecting its own companies against foreign takeovers with "discriminatory requirements", China is strategically buying up key technologies in Germany.   After having ratcheted up tensions with Beijing by putting the brakes...

Trump Takes Hard Line on Immigration, Trade and Opposed AT&T Deal in Gettysburg

While staking out opposition to China, illegal immigration and the current tax code, Republican presidential contender Donald Trump said  as he laid out a multi-pronged vision for his presidency on Saturday.   Trump used the speech to lay out a plan for his first 100 days in...

Political Uncertainty and Weak Growth Forces Fitch to Cut Italy Outlook

The euro zone’s third largest economy is facing a problem. And now it has been recognized by ratings agency Fitch.   The Italian economy has been stumbling due to the uncertain outcome of a planned referendum, weak growth and high debt. And these are the reasons that Fitch gave when it cut...

Putting Self-Driving Cars on the Road Cause for Jostling Among Tesla and Rivals

Competition among rival camps of technology and auto companies over what equipment will be on board cars of the future has intensified after Tesla Motors Inc's decision to equip all of its vehicles with self-driving hardware.   Lidar is the laser imaging technology most other companies...

Reasons for Gold Miners being a Possible ‘Screaming Buy’

The time ahead for gold miners is slated to become even better than the present year which has been a great year for the gold miners, according to strategist Larry McDonald.   In 2016 there has been a 68 percent rise in the gold miners ETF, a popular way to play the group. This is despite...

Despite a Backdrop of Brexit and Anti-Globalization, World Leaders Vow to Boost Growth

As the world finance leaders confront stubbornly slow growth and a rising backlash against globalization, they have pledged Saturday to use more resources to try to bolster economic gains.   The world has "benefited tremendously from globalization" but that protectionism is a threat, said...

Outlook for a Medley of Metals Brightened by Electric Car Revolution

A new field for commodities investors could be opened up and the market for metals used in the electric car industry could be revolutionized by the new materials that go into such cars even as electric cars, like the Nissan Leaf, may look no different from the standard family runaround.  ...
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