The Federal Open Market Committee (FOMC) will release its latest statement and economic projections on Wednesday. Fed Chairman Bernanke and Fed Vice President Janet Yellen remain committed to the central bank’s current policies: near-zero short-term interest rates and a monthly $85 billion bond-buying stimulus program. Recent positive economic data – […]
Author: InvestAdvocate
Argentine agency says it found fraudulent transactions by HSBC
Argentina’s tax agency said on Monday it has uncovered 392 million pesos (50.9 million pounds) in fraudulent transactions by HSBC (LSE: HSBA.L – news) and said it has asked the judicial system to probe the European bank for alleged tax evasion and money laundering. HSBC , Europe’s largest bank, was […]
Eurogroup to discuss Cyprus bailout at 1830 GMT
Euro zone finance ministers will hold a teleconference at 1830 GMT on Monday to discuss the bailout for Cyprus, euro zone officials said. The ministers, together with representatives of the International Monetary Fund and the European Central Bank agreed in the small hours of Saturday on a 10 billion euro […]
