Deutsche Bank Reaches $7.2 Billion Settlement Over Toxic Securities – Wall Street Journal

The Obama administration scrambled to resolve its remaining crisis-era megabank mortgage cases, striking a $7.2 billion settlement Thursday with Deutsche Bank AG over toxic securities while separately filing a lawsuit against Barclays PLC alleging more than $30 billion in fraud-tainted sales. The dramatic back-to-back announcements show the urgency among senior Obama appointees in the Justice […]

Italy Readies $21 Billion Bank Bailout as Paschi Plan Fails – Bloomberg

Italy will plow as much as 20 billion euros ($21 billion) into the country’s banks after Banca Monte dei Paschi di Siena SpA failed to secure its future by raising funds from investors. More lenders may seek lifelines soon. Monte Paschi, the world’s oldest lender, said in a statement it will ask the government for a […]

Donald Trump’s New Appointments Shake Up Trade, Regulation – Wall Street Journal

Donald Trump selected two key figures for his economic team on Wednesday, both of whom could jolt Washington’s approach to trade and regulation. The president-elect announced the creation of a new National Trade Council inside the White House to facilitate industrial policy and named an ardent skeptic of trade with China, economist Peter… Donald Trump’s […]

Trump meets with Boeing and Lockheed CEOs about government contracts – USA TODAY

Trump meets with Boeing and Lockheed CEOs about government contracts – USA TODAY

x Embed x Share President-elect Donald Trump met with Boeing CEO Dennis Muilenburg where the two shared a ‘open’ dialogue,’ just weeks after a public flap over the cost of the Air Force One project. (Dec. 21) AP President-elect Donald Trump(Photo: Ralph Freso) After meetings with the CEOs of Boeing and Lockheed Martin on Wednesday, […]

President Obama bans oil drilling in large areas of Atlantic and Arctic oceans – Washington Post

Hundreds of kayaktivists protest drilling in the Arctic and the Port of Seattle being used as a port for the Shell Oil drilling rig Polar Pioneer (Daniella Beccaria/seattlepi.com via Associated Press) President Obama moved to solidify his environmental legacy Tuesday by withdrawing hundreds of millions of acres of federally owned land in the Arctic and […]

Nike, Inc. Delivers Another Great Quarter – Fox Business

Nike Inc. (NYSE: NKE) released stronger-than-expected fiscal second-quarter 2017 results Tuesday after the market closed, and shares of the athletic footwear and apparel behemoth are up a modest 2% in after-hours trading as of this writing. Let’s take a closer look at what drove Nike’s results over the past three months. Continue Reading Below […]

Bank of Japan holds fire, as expected; Kuroda presser awaited – CNBC

The central bank has made noticeable shifts in its policy stance in recent months. In September, expectations were sky-high for a fresh round of stimulus but those hopes have been tempered in recent months. Going forward, the central bank’s policy dynamic could change from easing to tapering as a weaker yen and fiscal stimulus fuel […]

Yen eases as BOJ keeps policy steady, Asia stocks mixed – Reuters

SINGAPORE The Japanese yen edged down on Tuesday after the Bank of Japan held policy steady, shedding some gains made following deadly incidents in Germany and Turkey, while regional stocks were mixed after Federal Reserve Chair Janet Yellen’s upbeat comments. The BOJ maintained its pledge to guide short-term rates at minus 0.1 percent and the […]

Dollar Extends Loss Amid Drone Concern, Oil Rises for Second Day – Bloomberg

Dollar Extends Loss Amid Drone Concern, Oil Rises for Second Day – Bloomberg

The dollar retreated versus most major peers, as heightened geopolitical tensions over China’s seizure of a U.S. naval drone added to reasons for traders to pull back amid the greenback’s strongest rally since 2008. Australian and New Zealand stock markets rose as U.S. equity futures rebounded. Japanese shares declined as the yen led gains among […]

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