Economy

SEC charges brokers with defrauding clients

The SEC alleges four brokers overcharged customers $18.7 million.

By Staff |October 10, 2012

4 min read

Who would Romney name as Fed chief?

Republican presidents have traditionally favoured low interest rates.

By Staff |October 10, 2012

1 min read

LIBOR losing benchmark status?

Scandal-ridden LIBOR may be losing its benchmark status now that a smaller group of banks are the ones setting it, reports Bloomberg. Read: Should LIBOR be scrapped? Submissions by Bank of America Corp., Citigroup Inc., Bank of Tokyo Mitsubishi UFJ Ltd., RBC, and Sumitomo Mitsui Financial Group Inc. have been used in setting the rate […]

By Wire services |October 9, 2012

1 min read

IMF downgrades growth forecasts, and more . . .

Fast growing economies, including China, India, and Brazil, are slowing in the face of weak demand from western goods market countries.

October 9, 2012

1 min read