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Showing posts from November 10, 2015

FRB Press Release - November 10, 2015: Federal Reserve Board Issues Enforcement Actions

Release Date: November 10, 2015 The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: The Bank of Nova Scotia, Toronto (PDF) , Canada and Bank of Nova Scotia New York Agency, New York, New York Written Agreement dated November 5, 2015 The Federal Reserve Board on Tuesday announced the release of the decision on the matter listed below: Roger Schaerer (PDF) , Institution-Affiliated Party of Credit Suisse AG, Zurich, Switzerland Decision of the Board on Request to Withdraw Notice of Prohibition Search of Federal Reserve enforcement actions . For media inquiries, call 202-452-2955. 2015 Enforcement Actions  

BEA News Release - November 10, 2015: BEA Announcement: New RIMS multipliers available on November 18

New RIMS II Multipliers New Regional Input-Output Modeling System (RIMS II) multipliers will be available on November 18, 2015 . The multipliers will be based on 2007 national benchmark input-output data and 2013 regional data, and they will be available for 369 detailed industries and 64 industry aggregates. Multipliers may be ordered by region or industry: By region:  Multipliers are provided for all the industries for the region that is purchased. Each region costs $275. By industry:  Multipliers are provided for 50 states and the District of Columbia for each industry that is purchased. Each industry costs $75. For more information, please contact the RIMS II staff at 202-606-5343 or rims@bea.gov or visit the RIMS II Web site at www.bea.gov/regional/rims .

Wall street at Close Report by CNBC on November 10, 2015: Stocks Close Narrowly Mixed; Apple Weghs.

cnbc.com Stocks close narrowly mixed; Apple weighs Evelyn Cheng   U.S. stocks closed narrowly mixed Tuesday, pressured by a more than 3 percent decline in Apple. Apple was the greatest weight on the Dow Jones industrial average, with the stock closing about 3.15 percent lower after a Credit Suisse report said the iPhone maker has cut as much as 10 percent of its component orders. However, the Dow was able to close mildly higher, with UnitedHealth and Visa contributing the most to gains. Read More Apple mystery: Is Cook right or the supply chain? The Nasdaq composite underperformed as declines in Apple and semiconductor stocks weighed. The Market Vectors Semiconductor ETF (SMH) closed about 1.59 percent lower. The S&P 500 ended mildly higher near 2,081, with consumer discretionary leading advancers. JJ Kinahan, chief strategist at TD Ameritrade, said it was encouraging the S&P 500 was able to hold 2,070

European Markets at Close Report by CNBC on November 10, 2015: Europe Ends Trade Mixed; Commodities Eyed.

cnbc.com Europe ends trade mixed; earnings, commodities eyed Alexandra Gibbs, Holly Ellyatt   European equities closed mixed on Tuesday in what had been a choppy trading day, as investors shifted their attention to earnings and tried to shake off concerns over China and commodities. The pan-European STOXX 600 index finished slightly higher, up 0.1 percent, while sectors showed a mixed picture.   FTSE FTSE 100 Index 6275.28 -19.88 -0.32% 748092690 DAX DAX Index 10832.52

The Guardian | Businesss | Inside The bank of England - November 10, 2015:

theguardian.com Inside the Bank of England | Jill Treanor and Larry Elliott Jill Treanor   Up the stone steps. Through the heavy doors. Into an ornate lobby to be greeted by a security man wearing a pink frock coat and a top hat. These are a visitor’s first impressions of the Bank of England. The man in the fancy clothes, Reg Shaw, has worked there for 27 years. His coat is cleaned once a month. His top hat is custom-made by Patey of Mayfair, which has been making hats since 1695 – the year after the Bank of England opened its doors for the first time. All this sends a clear message: this place is old, this place is serious, this place has its own way of doing things. Like a medieval monastery, it is walled-off and self-contained. Behind this imposing facade, which occupies a three-acre site on Threadneedle Street, is one of the most powerful institutions in Britain. Upon entering, it feels a little like a mausoleum. The ceilings are high and there a

NYT First Draft Plitical News - November 10, 2015: Republican Debate Offers Candidates a Chance to Take On New Challenges.

Tuesday, November 10, 2015 NYTimes.com/FirstDraft » Tuesday, November 10, 2015 Preparation on Monday for the Republican debate in Milwaukee on Tuesday. Morry Gash/Associated Press Republican Debate Offers Candidates a Chance to Take On New Challenges By MAGGIE HABERMAN Good Tuesday morning. The Republicans reconvene for their fourth debate hoping that sometime soon their exchanges will begin translating into friendly polls and voters. And for leaders and stragglers alike,

Mineweb Daily News - November 10, 2015: Lonmin: Thanks, But No Thanks.

  Lonmin: Thanks, but no thanks Preserve your capital.   The future of mining is smart Mines are increasingly using ICT to rethink the way they work, looking beyond cost-cutting to respond to challenges in a way that lays the foundation for the future.   Copper imports by China seen weakening as premium plunges 40% Yangshan premium falls from 20-month high to lowest level since July.   If you want to learn about gold, speak to an Indian sugar farmer El Nino weather patterns see farmers cutting back gold purchases. MORE NEWS » Brazil’s mining disaster has Samarco creditors bracing for worst Cleanup costs after two dams burst may exceed $1bn. » Gold assets in world’s biggest ETP fall to lowest since 2008 Shares fall for the seventh straight session. » Keystone’s death bolsters “keep carbon in the ground” camp Activists celebrate as Obama rejects Keystone pi

Bloomberg View - November 10, 2015: How Volatile Will Markets Get?

bloombergview.com How Volatile Will Markets Get? Mohamed A. El-Erian   The financial consequences of wider divergence among central bank policies -- a stronger dollar, great volatility in stocks and larger yield differentials among U.S. and German benchmark government bonds -- have been playing out over the last 10 days.   That was the easy part to predict. It is more difficult to determine how much these markets will move from here, the impact these moves will have on what central banks do next, and how the real economies will react in both the short- and longer-term. Understanding why is important for both investor positioning and policy formulation. QuickTake The Fed's Countdown Two developments have refocused traders’ attention on monetary policy divergence. The first are recent policy and economic signals -- including the blockbuster U.S. jobs report for October and comments from central bankers -- that have materially in

DealBook Today's Top Headlines - November 10, 2015: Ackman Defiant Over Valeant | Pimco Suit Highlights Murky Investor Fees | Canadian Pacific Said to Weigh Norfolk Southern Deal | Match Seeks $3.1 Billion Valuation.

    Tuesday, November 10, 2015 TODAY'S TOP HEADLINES By AMIE TSANG ACKMAN DEFIANT OVER VALEANT William A. Ackman took a swipe at the news media and the people on Wall Street who relished betting against him in an investor conference call yesterday, Alexandra Stevenson and Matthew Goldstein report in DealBook. Mr. Ackman complained that news coverage of the four-hour conference call that he held to defend his stake in Valeant did not focus enough on the time he spent taking questions. The $16.5 billion Pershing Square Capital Management is down 19 percent for the year largely because of the plunge in Valeant shares. Mr. Ackman said he was aware of people betting against him and preparing themselves for the possibility that Pershing Square would have to sell off holdings if too many investors sought to redeem their money at year's end. He argued that about 50 percent of his firm's capital was not subject to peri

U.S. Stock Market Future Indications by MarketWatch - November 10, 2015: U.S. Stock Futures: S&P 500 on Pace for Fifth Straight Fall.

marketwatch.com U.S. stock futures: S&P 500 on pace for fifth straight fall Victor Reklaitis U.S. stock futures pointed to a drop at the open Tuesday, putting the S&P 500 on track to fall for the fifth session in a row. S&P futures ESZ5, -0.22%  declined by 4.65 points, or 0.2%, to 2,068.25, while Dow Jones Industrial Average YMZ5, -0.92%