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Yellen says rate and bond plans on track, cautions on inflation

The US economy is healthy enough for the Federal Reserve to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with d ...More

EJ Insight2017-07-13

Brazil's Lula sentenced to nearly 10 years for corruption

... s agency. Federal prosecutors have accused Lula, Brazil's first working-class president from 2003 to 2011, of masterminding a long-running corruption scheme that was uncovered in a probe into kickback ...More

EJ Insight2017-07-13

Air Canada in near-miss with four planes in San Francisco

The US Federal Aviation Administration said on Tuesday that it is investigating an apparent near-miss at a San Francisco airport involving an Air Canada flight. According to the agency, an Air Canada ...More

EJ Insight2017-07-12

Trump seen replacing Yellen at Fed with NEC's Cohn: Politico

US President Donald Trump is increasingly unlikely to nominate Federal Reserve chair Janet Yellen next year for a second term, and National Economic Council director Gary Cohn is the leading candidate ...More

EJ Insight2017-07-12

THADD missile defense thwarts mock attack: US

... Office, a federal watchdog, noted in a May report that the Missile Defense Agency had not previously tested THAAD against an IRBM, despite having deployed the system to the island of Guam, a US territ ...More

EJ Insight2017-07-12

Chicago Stock Exchange sale to China-based group opposed

... mply with federal regulations and appropriately self-police their brokerage members, said in early June it would take up to another 60 days to make a decision on the sale. CHX is a niche player in the ...More

EJ Insight2017-07-11

Where is China's monetary policy heading?

... pport the Federal Reserve's plan to shrink the balance sheet and further hike the benchmark interest rate. The European Central Bank is also on course to normalize its monetary policy soon. Tightening ...More

EJ Insight2017-07-10

Trump’s gift to Europe

... on.” This federal goal would have to be replaced, and a metaphor of different levels would have to replace that of different speeds. Many European elites have already become more flexible regarding Eu ...More

EJ Insight2017-07-07

Buffett nears deal for bankrupt energy giant

... s well as federal and state regulators. Earlier this year, the Public Utility Commission of Texas rejected NextEra's deal for Oncor, the largest network of power lines in the state, deeming that it wa ...More

EJ Insight2017-07-07

Fed eyes September announcement on balance-sheet reduction

Federal Reserve officials have indicated there is a strong chance they will announce in September a decision to start shrinking the central bank’s portfolio of bonds and other assets, while putting of ...More

EJ Insight2017-07-05

HK property market less risky than 20 years ago: OKAY

... spite the Federal Reserve’s current rate hike cycle, interest rates are far from risky levels, he said. Hong Kong remains in a very low interest rate environment, with rates hovering around 3 percent, ...More

EJ Insight2017-07-03

Why Fed balance sheet reduction won't hit HK home prices much

... since the Federal Reserve started its QE (quantitative easing) program. By contrast, the monetary base in the US expanded by 3.8 times in the same period. If the city’s housing price boom is largely d ...More

EJ Insight2017-06-29

Brazil top court sends charge against Temer to Congress

... zil's top federal prosecutor that the Supreme Court should hear preliminary arguments on the charge and its merits for 15 days, before deciding whether to send it to the lower house of Congress. Under ...More

EJ Insight2017-06-29

Fed gives big US banks green light for buyback, dividend plans

The Federal Reserve has approved plans from the 34 largest US banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe, Reuters reports. T ...More

EJ Insight2017-06-29

IMF cuts US growth forecasts over Trump fiscal plan uncertainty

... s and new federal spending spurred the IMF earlier this year to bump up its US growth forecasts to 2.3 percent in 2017 and 2.5 percent in 2018. The assumptions for those forecasts appeared to have eva ...More

EJ Insight2017-06-28

Macau billionaire trial to begin in US over UN bribery case

Macau property and casino mogul Ng Lap Seng will head to a federal court in New York on Monday to face charges that he orchestrated an elaborate scheme to bribe Caribbean diplomats to the United Natio ...More

EJ Insight2017-06-26

An IMF bridge to somewhere for Greece?

... Germany’s federal election in September. Offering debt relief, it is feared, could undermine the credibility of governing parties and provide a boost to extremist movements. To be sure, debt forgivene ...More

EJ Insight2017-06-23

Can US states right Trump's wrongs?

... ates is a federal system, not a unitary state with an all-powerful central government (think France). Its system is enshrined in the Tenth Amendment of the US Constitution, which stipulates that all p ...More

EJ Insight2017-06-19

Rape victim sues Uber over 'improperly obtained' medical records

... alifornia federal court, comes two days after Uber chief executive Travis Kalanick said he would take a leave of absence from his troubled company to grieve for his recently deceased mother and to wor ...More

EJ Insight2017-06-16

Dow, DuPont merger wins US antitrust approval

... tment and Federal Trade Commission, which share the work of antitrust enforcement, have reviewed or are reviewing no fewer than four deals involving corporate titans that supply US farmers. In additio ...More

EJ Insight2017-06-16

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