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Business & Economics :: Trade

SEC, DOJ charge seven with insider trading off stolen bank data

marketwatch.com

SEC, DOJ charge seven with insider trading off stolen bank data

- The Securities and Exchange Commission charged seven individuals on Wednesday with insider trading in what the regulator said was a wide-ranging scheme that generated more than $5 million in profits by trading on confidential information about dozens of impending mergers and acquisitions allegedly stolen from the investment-bank employer of one of the accused. The traders allegedly attempted to evade detection by using shell companies, code words and an encrypted, self-destructing messaging application
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Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States | 

Seven charged in US insider trading ring

channelnewsasia.com

Seven charged in US insider trading ring

- NEW YORK: U.S. authorities on Wednesday announced insider trading charges accusing seven people of generating more than US$5 million of profit based on tips from a Bank of America Corp employee about dozens of pending corporate transactions. Daniel Rivas, who was the alleged tipper and later worked at Royal Bank of Canada , and James Moodhe, the father of Rivas' girlfriend, both pleaded guilty to charges of fraud, conspiracy, and making false statements to Federal Bureau of Investigation agents
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Categories: Business | 
Places: United States |  Singapore | 

U.S. regulators charge bank employee, six others with insider trading

reuters.com

U.S. regulators charge bank employee, six others with insider trading

- NEW YORK (Reuters) - U.S. securities regulators on Wednesday accused an employee of a large multinational bank and six other people of taking part in an insider trading scheme that reaped more than $5 million in profits. Daniel Rivas, 32, learned in advance about dozens of corporate mergers and other transactions while working at the bank’s information technology department, and passed the information on to acquaintances, the U
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Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States | 

Registration open for governor-led trade mission to Jordan and Israel

deseretnews.com

Registration open for governor-led trade mission to Jordan and Israel

- SALT LAKE CITY — World Trade Center Utah is currently accepting registrants for a governor-led trade mission to Jordan and Israel Oct. 22 through 26. “The trade mission to Jordan and Israel presents a unique opportunity for companies to explore business opportunities in the Middle East,” Derek B. Miller, president and CEO of the organization, said in a statement. “Companies can increase their opportunities to do business in these countries by taking advantage of the networking, briefings and matchmaking facilitated by attending this trade mission with the Governor's official delegation
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Categories: Business | 
Places: Americas |  North America |  United States |  Asia |  Mideast |  Israel |  West |  Mountain |  Utah | 

Trump’s trade policies haven’t hurt Iowa, but there's a missed opportunity

siouxcityjournal.com

Trump’s trade policies haven’t hurt Iowa, but there's a missed opportunity

- DES MOINES | Agriculture in Iowa may not be hampered by shifts in international trade policy under President Donald Trump. But at least one trade decision made by the Trump administration likely created a missed economic opportunity for Iowa farmers and ag businesses, state ag leaders and experts say. Iowa farmers continue to work their way through a prolonged downturn in the ag economy
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Categories: Politics & Government |  Business | 
Tags: Politicians |  Trade |  Donald John Trump | 
Places: Americas |  North America |  United States |  Iowa | 

Rhetoric over: 3-nation efforts to revise NAFTA begin

bostonherald.com

Rhetoric over: 3-nation efforts to revise NAFTA begin

- WASHINGTON — Of all the trade deals he lambasted on the campaign trail as threats to American workers, President Donald Trump reserved particular scorn for one: The North American Free Trade Agreement. The NAFTA agreement with Mexico and Canada was "the worst trade deal in history," candidate Trump declared. He accused NAFTA of having swollen America's trade deficit with Mexico, pulled factories south of the border and killed jobs across the United States
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Categories: Business | 
Tags: Trade |  Trade deals | 
Places: North America |  United States | 

NBA Trade Rumors: Cavs’ Kyrie Irving To Spurs Possible, San Antonio Interested In Trade, But Will Cavs Accept?

inquisitr.com

NBA Trade Rumors: Cavs’ Kyrie Irving To Spurs Possible, San Antonio Interested In Trade, But Will Cavs Accept?

- If the latest NBA trade rumors indicate anything, Kyrie Irving could find himself a member of the San Antonio Spurs. The Spurs seem to like the idea of a trade at the very least, and Irving has made it known he’d sign a contract extension to help a deal go through. However, the Cleveland Cavaliers may not be as interested in a deal with the Spurs due to the Cavs’ plan moving forward
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Categories: Business | 
Tags: Trade | 
Places: Americas |  North America |  United States |  South |  Atlantic |  Florida |  Southcentral US |  Texas |  Bexar |  San Antonio |  Pasco |  San Antonio | 

Mexico Looks to Curb Carbon with a New Cap-and-Trade System

scientificamerican.com

Mexico Looks to Curb Carbon with a New Cap-and-Trade System

- Mexico kicked off 2017 with a 20 percent spike in gasoline prices, driven in part by the phasing out of subsidies. Some consumers set fires at gas stations—a response that highlights the backlash countries can face as they stop subsidizing carbon-based fuels and start encouraging climate-friendly alternatives. Now the Mexican government and stock market are experimenting with a gentler tool for discouraging carbon emissions: cap-and-trade
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Categories: Business |  Science & Nature | 
Places: Americas |  United States |  Latin America |  Central America |  Mexico | 

Britain asks for interim customs deal with EU, new trade deals post-Brexit

reuters.com

Britain asks for interim customs deal with EU, new trade deals post-Brexit

- LONDON (Reuters) - Britain will propose setting up an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods. But it will also seek the right to negotiate other trade deals, a possible sticking point in the talks. According to excerpts of a government document to be published on Tuesday setting out Britain's strategy, the government will say one option to minimize friction when it leaves the bloc in March 2019 would be to introduce a temporary customs union which should be "time-limited"
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Categories: Business | 
Tags: Economy |  Economic Policies |  Trade |  Economics |  Revenue |  Customs |  Public Finance |  Trade deals | 
Places: United States |  Europe | 

Trump moves to crack down on China trade practices

cnn.com

Trump moves to crack down on China trade practices

- President Trump is getting tough on trade with China. Trump signed a memorandum Monday that directs U.S. Trade Representative Robert Lighthizer to determine whether an investigation is needed into alleged unfair Chinese trade practices. The move represents the first step in a process that could allow Trump to impose tariffs on Chinese imports or other punishing trade actions. "This is just the beginning," Trump said at the White House Monday
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Categories: Business | 
Tags: Trade | 
Places: Americas |  North America |  United States | 

Read the text of President Trump’s remarks on Charlottesville

bostonglobe.com

Read the text of President Trump’s remarks on Charlottesville

- THE PRESIDENT: Thank you. I’m in Washington today to meet with my economic team about trade policy and major tax cuts and reform. We are renegotiating trade deals and making them good for the American worker. And it’s about time. Our economy is now strong. The stock market continues to hit record highs, unemployment is at a 16-year low, and businesses are more optimistic than ever before
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Categories: Business | 
Tags: Economy |  Trade |  Economics | 

China pressed iron ore traders to halt business even before U.N. sanctions

reuters.com

China pressed iron ore traders to halt business even before U.N. sanctions

- BEIJING/MANILA (Reuters) - China was pressuring its iron ore traders to stop buying the commodity from North Korea even before a United Nations Security Council vote this month to ban the trade as punishment for Pyongyang's missile tests, two traders said. The U.N. Security Council unanimously passed a resolution on Aug. 6 banning North Korea's exports of coal, iron, iron ore, lead, lead ore and seafood, in a bid to choke off a third of Pyongyang's $3 billion annual export revenue
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Categories: Business | 
Tags: Trade | 
Places: United States | 

Dunford says US military options are for if sanctions fail: South Korea

channelnewsasia.com

Dunford says US military options are for if sanctions fail: South Korea

- SEOUL: U.S. Joint Chiefs of Staff Chairman Joseph Dunford said on Monday U.S. military options being prepared against North Korea would be for when diplomatic and economic sanctions failed, South Korea's president's office said on Monday. Dunford made the comments to South Korean President Moon Jae-in in a 50-minute meeting to discuss recent issues including North Korean provocation, office spokesman Park Su-hyun told a media briefing
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Categories: Business | 
Places: United States |  South Korea |  Singapore | 

NBA Trade Rumors: Trail Blazers’ Moe Harkless Open Up Regarding Being Named In Carmelo Anthony Trade Talks

inquisitr.com

NBA Trade Rumors: Trail Blazers’ Moe Harkless Open Up Regarding Being Named In Carmelo Anthony Trade Talks

- Portland Trail Blazers’ forward Moe Harkless has seen his popularity increase over the last couple of weeks. Harkless is one of the players mentioned (courtesy of CBS New York) in a possible trade for New York Knicks’ superstar Carmelo Anthony. The Trail Blazers’ starting power forward opened up regarding his name circulating in the NBA trade rumor mill. It is widely speculated that if Carmelo Anthony agreed to waive his no-trade clause in order to be dealt to the Portland Trail Blazers Moe Harkless would be one of the players the Knicks got in return
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Categories: Business |  Life & Style | 
Places: Americas |  North America |  United States | 

Trump to launch investigation into China trade violations

washingtonpost.com

Trump to launch investigation into China trade violations

- The Trump administration will take steps Monday to launch an investigation into Chinese intellectual property violations that could result in severe trade penalties, a threat the United States could wield to pressure Beijing into improving its economic behavior and doing more to contain North Korea’s nuclear threat. The president plans to sign an executive memorandum Monday afternoon directing his top trade negotiator to determine whether to investigate China for harming intellectual property, innovation and technology, senior administration officials said in a conference call Saturday morning
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Categories: Business | 
Tags: Economy |  Trade |  Economics | 
Places: Americas |  North America |  United States | 

and China Trade Spat Roils Foil Imports

msnbc.msn.com

and China Trade Spat Roils Foil Imports

- As the U.S. and China go toe-to-toe in a trade spat, the fight has found its way into American kitchens and impacts a common household item: aluminum foil. The Department of Commerce recently leveled heavy duties on Chinese aluminum foil imports — a move political experts say could play well with President Trump’s base of working class voters. Trump’s blue-collar base loves it when he talks tough, whether it’s trade or North Korea," said Larry Sabato, director of the Center for Politics at the University of Virginia
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Categories: Politics & Government |  Business | 
Tags: Markets |  Trade |  Imports | 
Places: North America |  United States | 

Credit Suisse bans trading of certain Venezuelan bonds

marketwatch.com

Credit Suisse bans trading of certain Venezuelan bonds

- Credit Suisse Group AG will prohibit trading of certain Venezuelan bonds, citing the country’s political climate, according to an internal bank memo. The memo, whose contents were confirmed by a spokeswoman, was written by the bank’s reputational risk committee and sent earlier this week. The new policy forbids the trading or use as collateral of two specific bonds, one issued by the Venezuelan government due in 2036, and one by state oil company Petróleos de Venezuela SA due in 2022, as well as bonds from government entities issued after June 1
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Categories: Business | 
Places: Americas |  United States |  Latin America |  South America |  Venezuela | 

Popular Stories

Trade - United States

  • SEC, DOJ charge seven with insider trading off stolen bank data
    SEC, DOJ charge seven with insider trading off stolen bank data

    , marketwatch.com

    The Securities and Exchange Commission charged seven individuals on Wednesday with insider trading in what the regulator said was a wide-ranging scheme that generated more than $5 million in profits by trading on confidential information about dozens of impending mergers and acquisitions allegedly stolen from the investment-bank employer of one of the accused. The traders allegedly attempted to evade detection by using shell companies, code words and an encrypted, self-destructing messaging application
    Read More ...

     

    Categories: Business |  Law & Crime | 
    Places: Americas |  North America |  United States | 

Deals

  • Britain asks for interim customs deal with EU, new trade deals post-Brexit
    Britain asks for interim customs deal with EU, new trade deals post-Brexit

    , reuters.com

    LONDON (Reuters) - Britain will propose setting up an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods. But it will also seek the right to negotiate other trade deals, a possible sticking point in the talks. According to excerpts of a government document to be published on Tuesday setting out Britain's strategy, the government will say one option to minimize friction when it leaves the bloc in March 2019 would be to introduce a temporary customs union which should be "time-limited"
    Read More ...

     

    Categories: Business | 
    Tags: Economy |  Economic Policies |  Trade |  Economics |  Revenue |  Customs |  Public Finance |  Trade deals | 
    Places: United States |  Europe | 

Free trade

Deficit

  • U.S. trade deficit narrows as exports hit 2-1/2-year high
    U.S. trade deficit narrows as exports hit 2-1/2-year high

    , reuters.com

    WASHINGTON (Reuters) - The U.S. trade deficit fell sharply in June as exports increased to their highest level in 2-1/2 years, a positive development for the economy. The Commerce Department said on Friday the trade gap decreased 5.9 percent to $43.6 billion, the lowest level since October 2016. May's trade deficit was revised slightly down to $46.4 billion from the previously reported $46
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    Categories: Business | 
    Tags: Markets |  Economy |  Trade |  Economics |  Exports |  Trade deficit | 
    Places: Americas |  North America |  United States | 

Foreign trade

  • North Korea Shrugs Off Sanctions Despite China’s Push to End Missile Tests
    North Korea Shrugs Off Sanctions Despite China’s Push to End Missile Tests

    , wsj.com

    Aug. 6, 2017 8:02 a.m. ET MANILA—The U.S. praised China for backing new economic sanctions by the U.N. Security Council against Pyongyang over the regime’s weapons program, but North Korea indicated to its most important economic partner that there would be no change in policy. “The fact that the Chinese were helpful and instrumental in setting up this really sweeping set of international sanctions shows they realize that this is a huge problem they need to take on, that it’s a threat to them and their region,” Susan Thornton, the U
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    Categories: Business |  Law & Crime | 
    Tags: Economy |  Trade |  Economics |  Weapons |  Missiles |  International Trade |  Economic Sanctions | 
    Places: Americas |  North America |  United States | 

Negotiations

  • NBA Trade Rumors: Trail Blazers’ Moe Harkless Open Up Regarding Being Named In Carmelo Anthony Trade Talks
    NBA Trade Rumors: Trail Blazers’ Moe Harkless Open Up Regarding Being Named In Carmelo Anthony Trade Talks

    , inquisitr.com

    Portland Trail Blazers’ forward Moe Harkless has seen his popularity increase over the last couple of weeks. Harkless is one of the players mentioned (courtesy of CBS New York) in a possible trade for New York Knicks’ superstar Carmelo Anthony. The Trail Blazers’ starting power forward opened up regarding his name circulating in the NBA trade rumor mill. It is widely speculated that if Carmelo Anthony agreed to waive his no-trade clause in order to be dealt to the Portland Trail Blazers Moe Harkless would be one of the players the Knicks got in return
    Read More ...

     

    Categories: Business |  Life & Style | 
    Places: Americas |  North America |  United States | 

Alliances

  • (4th LD) Trump vows to seek new trade deal with S. Korea
    (4th LD) Trump vows to seek new trade deal with S. Korea

    , yonhapnews.co.kr

    (ATTN: CHANGES slug, headline; ADDS background, byline) By Chang Jae-soon. WASHINGTON, June 30 (Yonhap) -- U.S. President Donald Trump vowed to seek a new trade pact with South Korea in his first summit talks with President Moon Jae-in on Friday, blaming the current free trade deal between the two countries for enlarging American deficits. The trade pact, which has been in effect since 2012, was one of the two biggest topics at the talks, along with North Korea
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    Categories: Politics & Government |  Business | 
    Places: United States |  Asia |  N.E. Asia |  South Korea |