Click here to continue reading sample article.
A strengthening Chinese yuan and weakening Japanese yen mean Asia’s two major currencies face sharply contrasting fortunes in 2014. China’s yuan is set for a strong year. The currency ended 2013 at 6.05 to the dollar, increasing 2.9 percent annually. In 2014, the yuan will rise to 5.98 by the end of the year, according to the median forecast of economists in [...]
Cincinnati Bell plans to reduce its debt burden over three years as it considers asset sales, refinancing and doubling coverage. Click HERE for more.
Click HERE for more.
The Affordable Care Act (ACA) may create about 129 million hours of paperwork, according to government estimates compiled by Sam Batkins, director of regulatory policy at the American Action Forum. This will cost almost $32.3 billion. To put the paperwork hours in context, it would take more than 64,000 employees working 2,000 hours annually to [...]
A regulatory push to make complex securities easier to understand could change how banks disclose risks for exchange-traded notes for the first time since they began trading in 2006. Lenders may not be adequately explaining to investors how they value ETNs, Amy Starr, head of the Securities and Exchange Commission’s capital markets trends office in [...]
The Federal Reserve took a first step toward exiting its five-year intervention into asset markets by announcing it will begin reducing the pace of Treasury and mortgage purchases by $10 billion to $75 billion per month beginning in January. The pace of the taper is more symbolic than substantive given the probability that the Fed will remain ultra-accommodative during the next two to three [...]