Stella's Feed
Feb 26, 2014

Lawyer tied to Ukraine’s Yanukovich says he’s cooperating with authorities

NEW YORK (Reuters) – Reinhard Proksch, an Austrian lawyer with financial dealings linked to leaders in former Ukrainian President Viktor Yanukovich’s government, said on Wednesday he is eager to cooperate with international authorities to freeze their assets.

In a telephone interview with Reuters, Proksch said he is happy to provide information and has already made contact with the U.S. tax authority, the Internal Revenue Service, and with the Financial Intelligence Unit in Liechtenstein, which investigates money laundering and financial crimes.

Mar 13, 2013

Exclusive – U.S. plans to let spy agencies scour Americans’ finances

NEW YORK/WASHINGTON (Reuters) – The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.

The proposed plan represents a major step by U.S. intelligence agencies to spot and track down terrorist networks and crime syndicates by bringing together financial databanks, criminal records and military intelligence. The plan, which legal experts say is permissible under U.S. law, is nonetheless likely to trigger intense criticism from privacy advocates.

Mar 13, 2013

US plans to let spy agencies scour Americans’ finances

NEW YORK/WASHINGTON, March 13 (Reuters) – The Obama
administration is drawing up plans to give all U.S. spy agencies
full access to a massive database that contains financial data
on American citizens and others who bank in the country,
according to a Treasury Department document seen by Reuters.

The proposed plan represents a major step by U.S.
intelligence agencies to spot and track down terrorist networks
and crime syndicates by bringing together financial databanks,
criminal records and military intelligence. The plan, which
legal experts say is permissible under U.S. law, is nonetheless
likely to trigger intense criticism from privacy advocates.

Mar 13, 2013

Exclusive: Obama administration to let spy agencies scour Americans’ finances

NEW YORK/WASHINGTON (Reuters) – The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.

The proposed plan represents a major step by U.S. intelligence agencies to spot and track down terrorist networks and crime syndicates by bringing together financial databanks, criminal records and military intelligence. The plan, which legal experts say is permissible under U.S. law, is nonetheless likely to trigger intense criticism from privacy advocates.

Mar 13, 2013

US to let spy agencies scour Americans’ finances

NEW YORK/WASHINGTON, March 13 (Reuters) – The Obama
administration is drawing up plans to give all U.S. spy agencies
full access to a massive database that contains financial data
on American citizens and others who bank in the country,
according to a Treasury Department document seen by Reuters.

The proposed plan represents a major step by U.S.
intelligence agencies to spot and track down terrorist networks
and crime syndicates by bringing together financial databanks,
criminal records and military intelligence. The plan, which
legal experts say is permissible under U.S. law, is nonetheless
likely to trigger intense criticism from privacy advocates.

Jul 1, 2012

Global Economy Weekahead – No relief for the weary

WASHINGTON (Reuters) – Three years into recovery, Americans have dug themselves out from under mountains of debt and the steep decline in house prices is over. These were supposed to be two secret ingredients needed to spice up a lackluster pace of economic growth.

It’s not quite working out that way.

American consumers, who account for the bulk of U.S. economic activity, might be in stronger shape today and are getting an extra boost from gasoline prices, which have tumbled 13 percent over the past three months. That’s enough to pump about $120 billion of extra spending power into their pockets over a year.

Jun 24, 2012

Light dims for emerging economies

WASHINGTON, June 24 (Reuters) – Commodity prices can be a
good barometer for emerging market growth, and their relentless
sell-off over the past two months has tracked the fading of the
one bright light in the global economic recovery.

Brazil and India are slowing sharply, China has ratcheted
down a notch as global trade slows, and the almost 30 percent
decline in the price of oil has hit Russia’s economy. These all
make for troublesome developments when Europe is teetering on
the edge of recession and U.S. business is retrenching.

Jun 18, 2012

G20 to press Europe for lasting fix for debt crisis

LOS CABOS, Mexico (Reuters) – World leaders, relieved that pro-bailout parties won a narrow election victory in Greece, will pile pressure on Europe at the G20 summit on Monday to outline a lasting strategy to save the euro currency and end financial turmoil.

Group of 20 leaders from major industrialized and developing economies, representing more than 80 percent of world output, start a two-day meeting in this Pacific resort to prioritize growth and job creation as the path to bolstering a world economy that is running out of steam.

Jun 17, 2012

Global economy navigating through political storms

WASHINGTON (Reuters) – A global economy edging toward recession and confronting huge political challenges adds urgency to the G20 summit in Mexico this week for strong world leadership of the kind last seen at the height of the 2007-09 financial crisis.

“The world is facing some very difficult times, economically and financially, socially and politically,” said Charles Dallara, managing director of the Institute of International Finance.

Jun 15, 2012

Central banks ready to act as world prepares for Greek poll

WASHINGTON/BRUSSELS (Reuters) – Central banks from major economies stand ready to take steps, including coordinated action, to stabilize markets as world economies prepare for a possible financial storm or public panic after cliffhanger elections in Greece this weekend.

Britain announced it would flood its banking system with cash as the euro zone’s crisis casts a “black cloud” over the nation’s economy.