Not everybody is observing the supposed ceasefire in the currency wars. The Reserve Bank of Australia lowered rates by 25 basis points each in June and July. The moves were ostensibly intended to ease monetary conditions and boost flagging growth. Their unstated purpose was to bring down the value of the Australian dollar. Since the currency rate was floated in ...

The European Systemic Risk Board, which was created to prevent a repeat of the financial crisis, is out with a new report examining exchange-traded funds. It’s worthy endeavour, given that the market for ETF’s has grown to $5.6 trillion, raising questions about whether these vehicles have the potential spark another crisis despite being created at the urging of the US ...

Apple Inc. looks like it may put down close to $1 billion just to keep its devices at the leading edge. Japan Display Inc., one of its key providers of screens, said it would get up to $400 million from bailout partner Harvest Tech Investment Management Co. Nestled into its two-page stock exchange statement was the revelation that the funding ...