Former RBC FX trader suing bank for £13 million
John Banerjee was headhunted to work at Royal Bank of Canada (RBC) as an emerging markets trader at director level in June 2015. Just over a year later he was dismissed. He claims this is because he blew the whistle...
UPDATE 1-Akamai results beat estimates as cloud security drives growth
Akamai Technologies trounced Wall Street’s estimates for first-quarter revenue and profit on Monday as its aggressive push to cloud security paid off and traditional business of speeding up content delivery on web stabilized. Shares of the company rose 4.3 percent...
Bitcoin has ‘elements of all of the different asset classes,’ CFTC chairman says
The ecosystem around bitcoin is still changing, but U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo said the popular cryptocurrency is part currency, part security and part digital coin. “Bitcoin and a lot of its other virtual currency counterparts...
South Korea’s exports unexpectedly fall for the first time in 18 months
South Korean exports declined in April for the first time in 18 months, unable to keep up with 2017’s brisk pace as global demand softened, adding to worries about the country’s trade outlook amid the risk of a deepening U.S-China...
Detroit sheds financial oversight. ‘They’ve earned their way out of it,’ says Michigan governor
Detroit gained the freedom on Monday to oversee its own finances, another sign that city has staged a comeback, said Michigan Gov. Rick Snyder. The move came nearly 3½ years after the city exited what was then the biggest-ever U.S....
US Justice Department charges Panasonic unit with anti-bribery law violations
The U.S. Justice Department filed criminal charges against a unit of Panasonic on Monday, alleging the company falsified its financial books and records in order to conceal payments to sales agents in China and other parts of Asia. The charges...
March pending home sales barely rose as buyers struggled to afford what little is available
March marked the official start of the spring, but it didn’t cause more home buyers to leap into action. Signed contracts to purchase existing home rose just 0.4 percent in March compared to February, according to a monthly pending home...
US annual inflation measures jump as consumer spending rises
U.S. consumer prices accelerated in the year to March, with a measure of underlying inflation surging to near the Federal Reserve’s 2 percent target as last year’s weak readings dropped out of the calculation. The rise in the annual inflation...
The last two times this ‘classic late-cycle activity’ emerged, a recession soon followed
A disconnect between the best- and worst-performing sectors this year is raising a note of caution to some market watchers. Recently, the degree to which the 2018 market-leading consumer discretionary sector is outperforming the biggest laggard, consumer staples, has reached...
The typical professional investor today has never seen rising rates; here’s what they should expect
Ill-equipped investors may be set for a rude awakening if the rising-rate environment continues, Fundstrat’s Tom Lee is warning. “Rising interest rates, after a period of extraordinary monetary policy and intervention, and a three-decade trend of falling interest rates, is...
Signal2forex.com - Best Forex robots and signals




