Monday, September 21, 2015

Economy and more whom is playing chest. .JR

Lets overview the non fiction world that is turning its players around. While new environmental actions are been established by states organizations, private corporations admitting corruption to avoid investment withdraw? or law benefits that are more of the game to be played. Strange or not its up on the news to impact some stocks or future investors thoughts.
Mean time light is given to Greeks by having them give their opinion on a hole they did not made. Federal USA reserve and China and USA government agreements are on the chest board pending on whom will set the pieces of a short term game. Blacks will be Asia, Whites will be America to played on the board of a non known European Union. Lets see the result of it..
JR

Volkswagen is in hot motor oil after it admitted to cheating on U.S. air pollution tests for years, risking billions in potential fines and heavily shaking investor confidence. Shares in Frankfurt plunged as much as 22% on the news, the steepest intraday decline in almost seven years, wiping out $18B in market value and extending the stock's slump for the year to 32%. "I personally am deeply sorry that we have broken the trust of our customers and the public," Volkswagen (OTCQX:VLKAY) CEO Martin Winterkorn said in a statement.

Economy

Greek voters have given the left-wing Syriza party the second chance it was asking for, following another high-stakes election that marks the next phase of the country's debt crisis. Syriza leader and former Prime Minister Alexis Tsipras had enraged many Greeks by breaking an election pledge and ignoring the outcome of a referendum, but that did not stop citizens from putting him back in power. Results: Tsipras gathered around 35% of the vote, while New Democracy's Vangelis Meimarakis received 28%.

Federal Reserve policymaker James Bullard said Saturday he argued against holding rates steady during the Fed's policy meeting last week because he believed the economy had recovered enough to begin raising rates. "Why do the Committee's policy settings remain so far from normal when the objectives have essentially been met? The Committee has not, in my view, provided a satisfactory answer to this question." Bullard also described the meeting as "pressure packed," and said the decision to hold rates steady was "a close call."

The U.S. and China are negotiating what could become the world's first arms control agreement for cyberspace, with each country committing not to be the first to use the weapons to cripple the other's critical infrastructure during peacetime. The proposed accord would address attacks on power stations, banking systems, cellphone networks and hospitals, but would not protect against most of the cybercrimes China has been accused of conducting, including the widespread poaching of intellectual property and the theft of millions of U.S. government employees' personal data.

Malaysia's ringgit - Asia's worst performing currency of the year - is expected to show some recovery once issues surrounding indebted state fund 1MDB are resolved, the country's central bank governor Zeti Akhtar Aziz announced today. Prime Minister Najib Razak has been fighting for political survival after leaked documents showed he received some $700M in his private accounts from entities linked to the fund. More probes are also surfacing. The FBI recently opened an investigation into the allegations surrounding 1MDB, although the scope of the review is not known.

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JR