Lehman Brothers was a titan of financial trading before going bankrupt in September 2008. In March 2010, Anton R. Valukas and his law firm Jenner & Block produced a 2200-page report on the company. It was used in the bankruptcy court hearings. Consequently, the report has been made public. Yesterday, I have found out to my own surprise that a document titled is a part of the report. Basically, thanks to the Lehman Brothers bankruptcy […]
Read moreThe US dollar took a minor step away from the lowest level in three years against the euro following modest gains on Tuesday amid expectations that monetary stimulus in Europe will be maintained. The greenback also rose against the British pound as it largely ignored a report that revealed weaker manufacturing activity in the New York region. The European Central Bank is unlikely to have a change of mind any time soon […]
Read moreThe British pound today declined against the US dollar after the release of weak UK inflation data as tracked by the Consumer Price Index. The pound retraced most of yesterday’s gains as demand for the US dollar increased across the board. The GBP/USD currency pair declined by over 60 points from a session high of 1.3806 to hit a low of 1.3741. The currency pair headed lower during the Asian session, but extended its downtrend after the release […]
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