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Jul 25, 2014

Strong Won Hits Korean Profits

South Korean corporations reported disappointing earnings, citing a stronger currency that is making it harder to compete in overseas markets...

Jul 25, 2014

Kia's Second Quarter Operating Profit Down 32%

Kia Motors Corp.'s quarterly operating profit shrank by a third, despite record sales in its key U.S. market, as the auto maker was battered by a strong local currency...

Jul 23, 2014

GSK Reduces Full-Year Forecast

GlaxoSmithKline downgraded full-year earnings expectations, as its second-quarter profit was hit by currency moves, weak sales of its respiratory drugs and the continuing bribery investigation in China... #China #GlaxoSmithKline Inc

Jul 25, 2014

New York's Financial Regulator, Benjamin Lawsky, Maintains Lead On Bitcoin Regulation

Last week, New York's Department of Financial Services became the first state to propose comprehensive regulations governing virtual currencies. The move reaffirmed the position held by the agency's head, Benjamin Lawsky, as the leading government vo... #New York (state) #Benjamin Lawsky

Jul 24, 2014

Midyear Currency Outlook: Uncharted Waters Ahead

At the start of the year, it was widely expected that global monetary policy will continue to hinge on quantitative easing. Indeed it has. The Federal Reserve has been winding down its bond-buying program while the central banks for Japan, England, a... #New York (state) #Benjamin Lawsky

Jul 22, 2014

Kanye West declares legal victory over digital currency creators of Coinye

The rapper filed papers in Manhattan Federal Court seeking to declare victory after the creators failed to respond to his earlier lawsuit, court filings show... #New York (state) #Benjamin Lawsky

Jul 23, 2014

China Bribery Probe, Dismal Advair Sales Leave GSK Shares Gasping

British drug giant GlaxoSmithkline (GSK) this morning slashed its earnings expectations for the year, citing currency fluctuations and deteriorating sales of its respiratory drug Advair, particularly in light of moves in the U.S. by insurers unwillin... #New York (state) #Benjamin Lawsky

Jul 22, 2014

Interest in Riskier Currency Bonds Stirred, Not Shaken

Some of the highest-yielding bonds in emerging markets, debt denominated in local currencies, are rallying despite rising jitters over these fast-growing countries... #New York (state) #Benjamin Lawsky

Jul 22, 2014

Kanye West declares legal victory over digital currency creators of Coinye

The rapper filed papers in Manhattan Federal Court seeking to declare victory after the creators failed to respond to his earlier lawsuit, court filings show... #New York (state) #Benjamin Lawsky

Jul 21, 2014

Paranoia Muddies Media's View of Bitcoin's Potential

European financial regulators just took a positive step to engage directly with the disruptive effects of the growing cryptocurrency ecosystem, but you might not have realized that. The European Banking Authority (EBA) watchdog agency issued a report... #New York (state) #Benjamin Lawsky
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