Year: 2020

Posted by OFX AUD – Australian Dollar The Australian Dollar finished the week above 70 US cents for the first time this year and hit 15-month highs against the Greenback. The pair finally pushed through the psychological 70 US cent resistance level as testing on multiple occasions since June. It was multiple … Continue reading “Political tensions weigh on the Australian dollar”The post Political tensions weigh on the Australian dollar appeared first on . …read more […]

Jul.26 — The Trump administration’s decision to shutter the Chinese consulate in Houston followed years of frustration about what it says were criminal and covert activity directed by Beijing to steal trade secrets and carry out malign influence operations across the U.S. Tom Mackenzie reports on “Bloomberg Daybreak: Australia.” …read more […]

…read more […]

Germany must toughen its rules for auditing and accounting to prevent another billion-euro scam like the Wirecard scandal, Bundesbank President Jens Weidmann said in a newspaper interview published on Monday. Payment services company Wirecard filed for insolvency last month after admitting that 1.9 billion euros supposedly held in trustee accounts by overseas partners probably did not exist. “Wirecard is a scandal, and we have to do more to prevent it in the future,” Weidmann told Funke media group. …read more […]

…read more […]

(Bloomberg) — Gold futures traded at a record high as the dollar plunged and concerns about the global economy boosted demand for havens, while a contract roll provided a further boost to the metal’s rally.Bullion’s move came as a gauge of the dollar fell to the lowest in more than six months amid negative real rates in the U.S. and bets that the Federal Reserve will keep policy accommodative when it meets this week. Inflows into gold-backed exchange traded funds this year have surpassed a record set in 2009, with total holdings at an all-time high of more than 3,300 …read more […]

Stock futures were in a holding pattern Sunday evening ahead of a busy week of corporate earnings results, a Federal Open Market Committee monetary policy meeting and plethora of economic data reports. …read more […]

Business software group SAP said on Sunday it planned to float Qualtrics, the U.S. specialist in measuring online customer sentiment, which it acquired in late 2018 for $8 billion. The move to float Qualtrics in the United States would partly unwind the final major acquisition of former Chief Executive Bill McDermott’s tenure and rebalance SAP back towards its German roots under successor Christian Klein. “SAP’s primary objective for the IPO is to fortify Qualtrics’ ability to capture its full market potential within Experience Management,” SAP said in a statement issued on Sunday night, referring to the Qualtrics …read more […]

Journal Editorial Report: The week’s best and worst from Jason Riley, Mary O’Grady and Dan Henninger. Image: Associated Press …read more […]

(Bloomberg) — Christine Daley, a veteran analyst who headed Lehman Brothers’ distressed debt team before the firm’s collapse in 2008, has died.The New York-based investment bank Seaport Global Securities LLC., Daley’s most recent employer, confirmed her death on Sunday. “The firm extends our deepest condolences to Christine’s family,” a spokesperson told Bloomberg News. No cause of death was given. Daley was born in July 1958, according to public records.“Christine was our star research analyst,” Jay McDermott, now the co-head of cross-asset at Cowen Inc., said of his time working alongside Daley at the brokerage firm Bear Stearns Cos. “The whole …read more […]

Journal Editorial Report: Boasting is out, information is in. Image: Chip Somodevilla/Getty Images …read more […]

Journal Editorial Report: Is he off-base, or on the right track? Images: Zuma Press/Getty Images Composite: Mark Kelly …read more […]

…read more […]

(Bloomberg) — Spot gold heads into a busy week just shy of its 2011 record high, after posting a seventh consecutive weekly advance, the longest streak since the same year. Fueled by flaring U.S.-China tensions, mounting global growth concerns and the coronavirus pandemic, the metal seems poised for more gains as the Federal Open Market Committee begins its two-day meeting on Tuesday, with forecasts for no change to its benchmark rate. “When interest rates are zero or near zero, then gold is an attractive medium to have because you don’t have to worry about not getting interest on your gold …read more […]

…read more […]