TV News LIES

Saturday, Jul 30th

Last update05:20:13 AM GMT

You are here All News At a Glance Economic Glance

FBI arrests senior HSBC banker accused of rigging multibillion-dollar deal

HSBCA senior HSBC banker has been arrested by the FBI as he attempted to board a transatlantic flight and charged him with fraudulently rigging a multibillion-dollar currency exchange deal.

Mark Johnson, a British citizen and HSBC’s global head of foreign exchange trading, and a colleague are accused of “defrauding clients” and alleged to have “corruptly manipulated the foreign exchange market to benefit themselves and their bank”.

Read more...

Puerto Rico Defaults on Constitutionally Guaranteed Debt

Puerto Rico defaults The Puerto Rican government failed to pay almost half of $2 billion in bond payments due Friday, marking the commonwealth’s first-ever default on its constitutionally guaranteed debt.

Gov. Alejandro García Padilla defended the historic decision by highlighting the island’s tense relationship with Wall Street firms that own its debt.

Some of these firms stand to lose money as a result of Friday’s nonpayment. Major insurers backing Puerto Rico’s debt could also be forced to pay out as much as hundreds of millions of dollars to bondholders.

More...

Stocks rebound after Brexit sell-off; Dow closes up more than 250 points

NYSEU.S. stocks closed higher Tuesday, lifted by gains in oil prices, as investors looked for bargains after the Brexit sell-off.

Analysts also noted improved sentiment after initial fears of significant negative spillover from the U.K. vote to leave the European Union.

The major averages extended gains into the close, with the Dow Jones industrial average closing about 269 points higher and the Nasdaq composite up 2.1 percent. The S&P 500 closed nearly 1.8 percent higher.

Read more...

A third of cash is owned by 5 U.S. companies

Cash owned by five corporationsThe rising cash holdings of U.S. corporations is increasingly in the hands of a few U.S. companies, with just five tech firms having grabbed a third of it. And nearly three-quarters of cash held by non-financial U.S. companies is stashed overseas outside the long arm of Uncle Sam.

Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Cisco System (CSCO) and Oracle (ORCL) are sitting on $504 billion, or 30%, of the $1.7 trillion in cash and cash equivalents held by U.S. non-financial companies in 2015, according to an analysis released Friday by ratings agency Moody's Investors Service.  That's even more cash concentration in previous years, as these five companies held 27% of cash in 2014 and 25% in 2013. Apple alone is holding more cash and investments than eight of the 10 entire industry sectors.

More...

Poll: Two-thirds of U.S. would struggle to cover $1,000 crisis

One thousand dollars emergency out of reach for two thirds of AmericansTwo-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years of recovery from the Great Recession, Americans' financial conditions remain precarious as ever.

These financial difficulties span all income levels, according to the poll conducted by The Associated Press-NORC Center for Public Affairs Research. Seventy-five percent of people in households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill. But when income rose to between $50,000 and $100,000, the difficulty decreased only modestly to 67 percent.

Read more...

America's top CEOs pocket 355 times more than average workers

Mario GabelliThe US’s top 500 chief executive officers earned 355 times the average worker’s wage last year, taking home $12.4m on average, according to a new report.

The analysis by the AFL-CIO, the largest federation of US unions, found that the pay of executives leading the S&P 500 index of top companies actually dipped last year. In 2014 the same group earned 373 times more than their workers, earning on average $13.5m.

Read more...

U.S. banks help their best customers find their way to offshore accounts

offshore accountsIn the spring of 2015, Miami-based Citigroup banker Victor Olivo emailed the law firm at the heart of the Panama Papers scandal. He had a wealthy client who needed assistance.

Mossack Fonseca’s leaked emails describe the client as globetrotting entrepreneur Naman Wakil, who is worth about $400 million and has business interests in both North Carolina and Miami. He wanted to reduce his U.S. tax liability and protect his assets from creditors, his lawyer’s memo indicates.

Read more...

Page 1 of 66

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!