Monthly Archives: September 2016

Bank of Japan Introduces New Monetary Policy

In an attempt to finally spark inflation in the Japanese economy, the Bank of Japan announced that it will keep the interest rate on its 10-year government bonds at zero through additional monetary policy. However, the central bank also announced … Continue reading

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Hanjin Gets Funding to Help Cargo Crisis

Hanjin Shipping Co., the top South Korean shipping company that mainly operates in Trans-Pacific trade, has been offered a $100 million line of credit to help finance its operations after filing for bankruptcy in late August. The new funds are … Continue reading

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Yahoo Data Breach Reveals Personal Information of Millions to Hackers

Only this Thursday, did Yahoo release to the public that its network had been hacked in late 2014. According to the company, over 500 million accounts were accessed leaving names, email addresses, birth dates, telephone numbers, and encrypted passwords. Yahoo … Continue reading

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Fed Leaves Rates Unchanged Despite Positive Economic Outlook

In her press release this past Wednesday, Janet Yellen announced that the FOMC has decided to leave rates unchanged this month. This leaves the target Federal Funds Rate lingering at 0.25%-0.50%. While one could assume that this decision came to … Continue reading

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Yellen to Meet with the House of Financial Services Committee

The Dodd-Frank Act of 2010 has brought greater regulation across the financial services industry. However, the recent Wells Fargo scandal has called into question the efficacy and impact of Dodd-Frank reforms. Earlier this month, Wells Fargo was charged with creating … Continue reading

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De Beers Invests $1 Billion into Canadian Mine

Amid slack in the high-end jewelry market, De Beers invests $1 billion into a Canadian mine located 175 miles north of Yellowknife. The world’s largest diamond producer is expecting to extract 4.5 million carats a year as it turns its … Continue reading

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US Existing Homes Market Falls for Second Straight Month

For the second straight month, sales of already owned homes in the US have taken a fall. Sales of existing homes fell 0.9% from last month, creating concern in the housing market. This downward trend in the market has been … Continue reading

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