The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained.
CME Group Inc , the biggest U.S. futures market operator, plans to launch a European exchange in a bid to break the duopoly of NYSE Euronext and Deutsche Boerse AG and expand CME’s customer base in the process.
Employees emptied their desks and a local charity collected food from the cafeteria of failed broker PFGBest’s Iowa offices on Wednesday, most still seeking answers to the expanding scandal that has shaken the industry.
Corn turned lower on Wednesday as traders pocketed profits from an historic rally that lifted prices 40 percent in three weeks, fuelled by the worst drought in 24 years that prompted the U.S. government to slash its production estimate by 12 percent.
