US Finance Industry Assess Galleon Ruling

MILESTONES: UNITED STATES   By Anita Hawser   It may have taken only 12 days of deliberations for the jury in the Galleon trial to convict Raj Rajaratnam, the co-founder of Galleon Group, of 14 counts of securities fraud, but ...

Voice Of Moderation Leaves FDIC

NEWSMAKERS: UNITED STATES   By Gordon Platt   Sheila Bair, the populist bank regulator who warned in advance that the subprime mortgage crisis was coming, is stepping down on July 8 as chairman of the Federal Deposit Insurance Corporation.   ...

Boehner Blinks In Budget Showdown With Obama

NEWSMAKERS: UNITED STATES   By Gordon Platt   Speaker of the US House of Representatives John Boehner told his fellow Republicans to prepare for a government shutdown last month, as the standoff with Democrats on the budget came down to ...

Bernanke Heralds A New Era Of Fed Openness

NEWSMAKERS: UNITED STATES   By Anita Hawser   With the US economy still in recovery mode, monetary policy decisions of the Federal Reserve can have a major impact on which way the markets move.   Bernanke opens up But now, ...

New Leaders Face Tricky Economic Balancing Act

MILESTONES: CANADA   By Erik Heinrich   As Canada heads early this month into its fourth federal election in seven years, policymakers are facing serious questions over the prospects for the country’s economy.   Canada slows spending The Bank of ...

US: Nuclear Energy Central To Policy

MILESTONES: UNITED STATES   By Gordon Platt   Panic-stricken residents of Western US states cleared pharmacy shelves of potassium iodide tablets last month, amid fears that radiation from Japan’s nuclear crisis could reach the West Coast.   Obama: No plans ...

US: Cash-Poor States Eye Corporate Tax Hikes

MILESTONES: UNITED STATES   By Denise Bedell   As budget season for US State and municipal authorities pushes into high gear, and as hedge funds and money managers begin touting the potential value of distressed municipal bonds,US-based corporations may find themselves ...

US: Treasurers Oppose Tighter Rules On MMFs

NEWSMAKERS: UNITED STATES   By Anita Hawser   Proprietary trading by banks and OTC derivatives has come under increased regulatory scrutiny following the 2008 subprime crisis, but, to the surprise of many, regulators are also fixing their gaze on money ...

US: Obama Sets New Course For Next Two Years

NEWSMAKERS: UNITED STATES   By Gordon Platt   Obama: Changing course President Barack Obama's tax deal with the Republican opposition and his efforts to woo business leaders demonstrate a willingness to compromise and suggest a new direction for his administration ...

Best Derivatives Providers: North America

WINNERS: NORTH AMERICA   Best Commodity Derivatives Provider Goldman Sachs In the wake of the credit crunch in 2007 and the stock market crash of 2008, hundreds of billions of dollars poured out of stocks and bonds and into commodities, ...

Canada: Potash Snub Stirs Protectionist Fears

MILESTONES: CANADA   By Denise Bedell   Harper: Potash decision prompts concerns When Canada's government blocked Australian mining firm BHP Billiton's $39 billion bid for fertilizer giant Potash of Saskatchewan, it did more than put a dent in the Canadian ...

United States: Can Consumers Rescue The US Economy?

NEWSMAKERS: UNITED STATES   By Gordon Platt   Spending again: US shoppers head to the mall Surprisingly strong US retail sales in September virtually ruled out the possibility of a double-dip recession. Consumer spending, which accounts for two-thirds of US ...