Data & financial journalist covering global economics and policy
The anxiety over election uncertainty has sneaked into markets, leaving enough room for a bigger market volatility for this week. The CBOE Volatility Index (.VIX) had already soared 40% from 15.67 on October 28 to 22.15 on November 3, while S&P 500 has lost 2.2% during the same period. On Friday, the S&P 500 index remained…
On August 18, 2016, Donald J. Trump tweeted, “They will soon be calling me Mr. Brexit.” Markets may agree. The uncertainty of November 8 vote may impact markets similar to the EU Referendum, which resulted in the Brexit. The vote to leave the EU went against most economists’ perpetual warnings of a Brexit. The former…
The Trans-Pacific Partnership (TPP) has been an ongoing trade deal that was finally agreed upon by all the 12 countries. The secret deal connects 12 countries of US, Brunei, Chile, Australia, Singapore, Japan, Mexico, Vietnam, New Zealand, Canada, Malaysia, and Peru. The regional trade deal is already receiving mixed reviews that are focused on the environmental, labor, trade and intellectual property…
Libor manipulation can bankrupt sixteen big banks and shake investors’ confidence. Libor rigging involves billions of dollars as profits. The big banks include Bank of America, JP Morgan Chase and Citigroup. While the first rigging case was brought to light in 2012 (Also Read: The LIBOR Fallout – A Big Bank scandal )the scandal dates back…