Finance

Mexico’s currency was under pressure for the latter part of the U.S. presidential election and throughout the first couple of months following President Donald Trump’s victory. Trump campaigned on a tough trade stance, pushing for the renegotiation of the North American Free Trade Agreement. Investors were dumping the peso as they weighed the possibility of
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President Donald Trump‘s choice to oversee the national banking system indicated Thursday that it’s likely time to roll back some of the regulations put in place after the financial crisis. That didn’t sit well with some of the people who will have to vote on his nomination. Randal Quarles, nominated to be the Federal Reserve’s
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“It is a hard nut to crack to change this model,” the Times said. “The biggest obstacle is attempting to re-assign responsibilities, power, and personnel.” China’s financial markets are monitored and regulated by the People’s Bank of China (PBOC), China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission. At times, the
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As the bank continues to rebuild its image, Wells Fargo CFO John Shrewsberry insisted Friday that the institution has taken aggressive steps and has held its leaders accountable for the fake accounts scandal. Shrewsberry’s remarks came the same day the bank reported earnings that disappointed Wall Street — and a day after Sen. Elizabeth Warren
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China’s Shenzhen exchange falling 1.3 percent overnight highlights how easily the country’s regulators can affect trading in the country’s stocks. It’s an issue for international investors, since MSCI, one of the world’s biggest indexing firms, just agreed to begin including mainland China stocks in its global indexes, which are used in some of the biggest
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The head of Hong Kong-listed China Minsheng Banking said it had lent Anbang Insurance Group only US$100 million, brushing aside speculation about a loan of up to 100 billion yuan (US$15 ­billion) to the insurance and financial giant, mainland ­media reported. The remarks by the bank board chairman, Hong Qi, came after reports that Anbang
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A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world’s premier financial centres, even as Beijing struggles to tame the former British colony politically. Twenty years after Hong Kong’s handover to Chinese rule, scores of mainland professionals are filling the elite
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There will be an explosion of volume at the close today as it is both a quadruple witching expiration (the quarterly expiration of stock index futures and options and individual stock and index futures and options) and the quarterly rebalancing of the S&P 500. The S&P rebalances every quarter to account for additions and reductions
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Susana Gonzalez | Bloomberg | Getty Images Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas, speaks during a Bloomberg Television interview at the Bankers Club Mexico in Mexico City, Mexico, on Friday, Nov. 4, 2016. The Federal Reserve should be cautious about any further interest-rate hikes, Dallas Federal Reserve
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Kevin Hagen | Getty Images News | Getty Images Traders finish the day at the NYSE after markets took a sharp turn downward after news reports of former FBI Director James Comey’s interactions with President Trump on May 17, 2017. Check out the companies making headlines after the bell: Finisar shares slipped nearly 3 percent
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