A top Trump administration financial regulator said Wednesday that tough bank capital requirements should be “recalibrated” as part of a regulatory pullback in order to boost economic growth. J. Christopher Giancarlo, tapped by Trump on Tuesday to serve as chair of the Commodity Futures Trading Commission, also said regulators had gone too far in putting … Read more
Hebron Fin Investments, a company that trades foreign currencies online, has debunked claims by the central bank that it is operating illegally, saying the Foreign Exchange Act does not cover online forex trading. The Bank of Ghana, last week, issued a statement ordering Hebron Financial Investment Limited (HFIL) to close down its operations for engaging … Read more
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose that new U. S. sanctions against Iran could be extended to affect crude supplies. However, markets were held back by more signs of growing U.S. production as well as worries that import demand in China … Read more
Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U. S. agencies take in creating and applying new rules, continuing their blitz to radically reform “abusive” federal regulation of areas from the environment to the workplace. In a 238-183 vote, the House passed the “Regulatory Accountability Act,” … Read more
The dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise U. S. interest rates this year and that Donald Trump will not become the U.S. president. After three straight weeks of gains, the dollar index – which tracks the greenback against a basket … Read more