Search results for ‘FCN:

FCN: Dept. of Commerce Recommends 7.7% Aluminum Import Tariff, 24% on Steel … STREET INSIDER February 16, 2018 at 05:20PM

Today, Secretary Wilbur Ross released reports on the U.S. Department of Commerce’s investigations into the impact on our national security from imports of steel mill products and from imports of wrought and unwrought aluminum. Secretary Ross has recommended to the President that he consider the following alternative remedies to address […]

FCN: Moody’s: US infrastructure plan would boost US economy, but implementation faces challenges February 16, 2018 at 02:00PM

London, 16 February 2018 — The Trump Administration’s infrastructure proposal would be marginally positive overall for the US sovereign and for some municipal subsectors, but its implementation faces political and funding challenges, Moody’s Investors Service says in a new report “Cross Sector — US: Infrastructure plan’s success depends […]

FCN: UK PM May heads to Berlin to face tough German line on Brexit … RTRS February 16, 2018 at 08:25AM

LONDON/BERLIN (Reuters) – British Prime Minister Theresa May travels to Berlin on Friday to meet German leader Angela Merkel, hoping to overcome near-deadlock in her attempts to negotiate a Brexit deal with the European Union. German officials say they are frustrated with Britain’s lack of clarity about what it wants after the split, including what new customs regime it wants and how closely it will stay […]

FCN: ECB Wakes Up to Bitcoin … BBG February 08, 2018 at 11:13AM

Executive Board member Mersch speaks in Bloomberg interview Cryptocurrencies are one focus of Argentina G-20 presidency The European Central Bank has woken up to the risks digital currencies can pose to policy makers’ bread-and-butter business: the economy. “If you increasingly have bridges between the virtual world and the real world and then there […]

FCN: Commodities Escape Worst of Market Rout … BBG February 06, 2018 at 11:04AM

Commodities Escape Worst of Market Rout on Robust Demand Outlook By Jake Lloyd-Smith and Heesu Lee Bloomberg Commodity Index pares losses by end of Asian day Banks say bullish case for raw materials remains intact Commodities are escaping the worst of the global market rout as losses in raw materials are capped by speculation that the bullish outlook for demand remains intact. The […]

FCN: US ISM Services Index Continues To Rise … RTT February 05, 2018 at 03:50PM

( – The U.S. ISM services index hit its highest level since mid-2005, a sign of further strength in the nation’s economy. Economic activity in the non-manufacturing sector grew in January for the 96th consecutive month, according to a survey of purchasing managers. The ISM‘s NMI index registered 59.9 percent, which is 3.9 percentage points higher than […]

FCN: Jerome Powell sworn in as Fed chairman … MARKETWATCH February 05, 2018 at 03:14PM

In brief statement, promises to be ‘vigilant’ and respond to risks Jerome Powell officially took the helm of the Federal Reserve Board on Monday, replacing Janet Yellen in a carefully choreographed transition. Powell was sworn in early Monday morning in a private ceremony. In a brief video statement posted on the Fed’s website, Powell promised to explain “what we are doing and why we […]