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Frenkel Says a Currency War Would Damage the Global Economy Jacob Frenkel, chairman of JPMorgan Chase International, said a currency war must be prevented at all costs, warning it would do great damage to the global economy. Frenkel was speaking in an interview with Bloomberg Television after Treasury Secretary Steven Mnuchin endorsed the dollar's ...
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FOREX-Dollar skids to 3-year low as Mnuchin welcomes currency weakness LONDON, Jan 24 (Reuters) - The dollar slid to a three-year low against a basket of major peers on Wednesday after the U.S. Treasury secretary said he welcomed weakness in the currency, as investors worried about President Donald Trump's protectionist agenda. In a break with the traditional strong ...
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Positive Currency Rates to Aid Ralph Lauren (RL) Q3 Earnings We expect Ralph Lauren Corporation (RL - Free Report) to beat expectations when it reports third-quarter fiscal 2018 results on Feb 1. The company posted positive earnings surprise of 4.7% in the last reported quarter. Moreover, the company has delivered positive earnings surprises consistently in the ...
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SEC and CFTC issue joint statement on virtual currency enforcement actions; CFTC files lawsuits ... On January 19, the SEC and the Commodity Futures Trading Commission (CFTC) issued a joint statement to reiterate the agencies' positions on virtual currency enforcement and stress that they "will look beyond form, examine the substance of the activity and prosecute violations of the federal securities ...
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