President Barack Obama's executive action on immigration is expected to include some modest changes to make it easier for technology companies to retain high-skilled workers frustrated by long and unpredictable waits for green cards.
Legal & Regulatory
BOE minutes released from MPC meeting: bank rate vote split at 7-2 again
Today, the minutes of the MPC meeting held on 5th and 6th November was released. The Committee set monetary policy to meet the 2% inflation target in the medium term, and in a way that helped to sustain growth and employment.
Monetary policy divergence to drive forex markets in 2015
With US Fed likely to increase the interest rates by mid 2015 and ECB and BoJ keeping their monetary policy accommodative, there could be major capital flows from euro area and Japan into the US and thereby leading to further strengthening of the US dollar.
ECB Draghi: Relationship of financial fragmentation and monetary policy & the Eurosystem’s collateral framework
Mario Draghi, President of the European Central Bank gave introductory remarks at the EP’s Economic and Monetary Affairs Committee on 17th November 2014. He mostly spoke about the ‘relationship of financial fragmentation and monetary policy’ and the ‘Eurosystem’s collateral framework’.
Vernalis Change of Year-End and Commercial Business Update
Vernalis plc today announces a change to its accounting reference date and financial year end from 31 December to 30 June and provides an update on its cough cold pipeline since it announced its half year result in August.
Latest News
The U.S. Food and Drug Administration said on Friday it expects China, after almost two years of delays, to soon approve visas that will allow the agency to more than double its staff in China.
UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders.
A group of Walmart employees pushing for higher wages said on Friday they were planning protests at 1,600 Walmart stores nationwide on Black Friday, the biggest shopping day of the year in the United States.
Three of China's top 10 banks plan to issue up to 60 billion yuan ($9.79 billion) of preference shares by the end of the year, according to filings with the Shanghai Stock Exchange.
Japanese companies overwhelmingly want Prime Minister Shinzo Abe to delay or scrap a planned tax increase, a Reuters poll shows, highlighting concerns that it could derail a fragile economic recovery.
Charles I. Plosser , President and Chief Executive Officer of Federal Reserve Bank of Philadelphia spoke on The US Economic Outlook and Monetary Policy at UBS European Conference, London, England today.
British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipulation in the foreign exchange market.
Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.
The Fed should fight low inflation as vigorously as it would a too rapid run-up in prices or risk the same sort of prolonged slow growth plaguing Japan and Europe, Boston Federal Reserve bank president Eric Rosengren said on Monday.
