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World Trade Week Ordered By Trump To Promote Global Trade

World Trade Week Strengthens Economic Growth President Donald Trump has issued a presidential proclamation to create World Trade Week. World Trade Week will take place the week of May 21 through May 27 per the Proclamation. Trump's Presidential Proclamation to promote global trade should calm world trade markets which have been uneasy since Trump was elected in November. The America First

By |2023-12-06T05:23:08-05:00May 23, 2017|Categories: Financing, Government, International Trade, North America, Regions, Trade Finance|

China fines GM venture $29 million for monopolistic pricing: state TV

China Fines GM $29 Million for Monopolistic Pricing BEIJING China will fine U.S. automaker General Motors Co's (GM.N) joint venture 201 million yuan ($29 million) for monopolistic pricing, state television reported on Friday, ending speculation after an official forewarned of penalties against a U.S. automaker. Shanghai's pricing regulator said that it would fine GM's venture with China's largest automaker SAIC

By |2018-03-05T01:23:09-05:00Dec 23, 2016|Categories: Asia, Automobile, Government, Industry, International Trade, North America, Regions|

US Penalizes Credit Suisse, Deutsche Bank $12 Billion For Toxic Debt

US Penalizes Credit Suisse and Deutsche Bank ZURICH/FRANKFURT Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe's leading investment banks as they grapple with falling profits. The penalty puts them at a further disadvantage to larger U.S. rivals. Credit

By |2023-12-06T05:17:56-05:00Dec 23, 2016|Categories: Banking And Finance, Europe, Government, Industry, North America, Politics, Regions|

Credit Suisse agrees $5.3 billion U.S. mortgage settlement

ZURICH Credit Suisse (CSGN.S) had agreed in principle to pay US authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday. Credit Suisse will also provide $2.8 billion in consumer relief over five years from the settlement, it said in

By |2018-04-11T07:38:00-04:00Dec 23, 2016|Categories: Banking And Finance, Europe, Government, Industry, International Trade, North America, Politics, Regions|

Aleppo Update: UN Passes Resolution To Probe Syrian War Crimes; Evacuation Complete

An Aleppo update shows that evacuations from Aleppo were completed in the aftermath of the resurgent Syrian Army’s success in establishing complete control, even as the United Nations passed a resolution Wednesday to establish an independent panel to investigate possible war crimes in Syria. The resolution passed in the General Assembly with 105 countries in favor, 15 against and  52

By |2018-05-04T01:26:14-04:00Dec 23, 2016|Categories: International Trade, Middle East, Politics, Regions, Terrorism|

Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

NEW YORK/FRANKFURT Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank's Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was hit hard

By |2018-03-29T21:29:34-04:00Dec 22, 2016|Categories: Banking And Finance, Europe, Government, Industry, North America, Politics, Regions|

Banks lift stocks, dollar holds near 14-year peak

LONDON European stocks edged higher on Friday helped by banks after two regional bellwethers settled U.S. mortgage securities probes, while oil and the dollar were on the back foot in light trading ahead of the Christmas break. In another boost to European financials, a bailout for Italy's oldest bank Monte dei Paschi was approved as the country's government looks to

By |2018-03-29T21:33:09-04:00Dec 22, 2016|Categories: Banking And Finance, Capital Markets, Industry, International Trade, North America, Regions|

Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

WASHINGTON A federal judge said on Thursday that Volkswagen AG (VOWG_p.DE) has reached an agreement in principle to provide "substantial compensation" to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which is not included in a

By |2018-03-30T12:00:14-04:00Dec 22, 2016|Categories: Automobile, Europe, Industry, International Trade, Politics, Regions|

U.S. sues Barclays, ex-executives for mortgage securities fraud

NEW YORK The U.S. Department of Justice on Thursday sued Barclays Plc (BARC.L) and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. The lawsuit was filed after Barclays resisted a penalty the U.S. government had sought in settlement negotiations, a person familiar with the matter said.

By |2018-03-30T11:23:59-04:00Dec 22, 2016|Categories: Banking And Finance, Europe, Government, Industry, International Trade, North America, Politics, Regions|

U.S. consumer spending slows; business investment perking up

WASHINGTON U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The economy, however, remains on solid footing as other data on Thursday showed new orders for capital goods rising last month amid demand for

By |2018-03-30T11:48:41-04:00Dec 22, 2016|Categories: International Trade, North America, Politics, Regions|
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