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The Clearing House Releases Model Agreement For Sharing Financial Data

McCarthy Tetrault | Domenic Presta | Dec 3, 2019 On November 12, 2019, The Clearing House (TCH) released a Model Agreement as part of TCH’s Connected Banking Initiative. The Model Agreement is intended to be used as the basis for data sharing agreements between banks and Fintechs. TCH is a U.S. based entity that is

5 years ago

Wall Street rattled by Middle East tensions, energy shares jump

U.S. stocks fell for a second session on Monday, led by financial and technology stocks, as escalating tensions between the United States and Iran pushed investors toward safe-haven assets such as gold and government bonds.



5 years ago

Premium cigar makers could catch a break from the FDA as White House applies pressure

Handrolled cigar-makers and importers are facing a May deadline that requires all new tobacco products to obtain regulatory clearance from the FDA. But the mom-and-pop shops that dominate the premium cigar industry say compliance costs would effectively put them out of business.

5 years ago

EU rules to boost European crowdfunding, platforms agreed

European Parliament | Dorota Kolinska | Dec 19, 2019 A single set of rules will apply to crowdfunding services in the EU, up to EUR 5 000 000  Strict rules to protect investors from financial losses  Member states responsible for authorising and supervising crowdfunding providers  EP negotiating team reached a deal with the Council on

5 years ago

Aeromexico reaches compensation deal with Boeing over MAX crisis

Mexican airline Aeromexico said on Monday it had reached a compensation deal with Boeing Co related to the grounding of the planemaker's 737 MAX aircraft, joining a growing list of global airlines settling with the U.S. company.



5 years ago

Oil tops $70 as Iran and Trump trade threats

Oil prices jumped by about 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike killed a top Iranian military commander.



5 years ago

Mexico's Aeromexico reaches compensation agreement with Boeing on MAX crisis

Mexican airline Aeromexico said on Monday it had reached a compensation agreement with Boeing Co in relation to the temporary grounding of the planemaker's 737 MAX aircraft.



5 years ago

Social Security benefits narrow the wealth gap. But it's not enough to keep low-wage earner out of poverty in retirement

New research from The New School Schwartz Center for Economic Policy Analysis shows that Social Security retirement benefits help narrow the gap between the haves and have nots. But it's not enough to prevent some workers from facing poverty in retirement.

5 years ago

Ford quarterly sales slip on slowdown in passenger cars demand

Ford Motor Co on Monday posted a 1.3% fall in fourth-quarter vehicle sales as soft demand for passenger cars outweighed stable sales of larger sport utility vehicles (SUVs) and pick-ups.



5 years ago

Oil inches up as Iran and United States trade threats

Oil prices edged up on Monday, after Brent touched above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike killed a top Iranian military commander.



5 years ago

Alphabet, Amazon keep S&P afloat as Middle East tensions persist

Gains in Amazon and Alphabet helped New York's S&P 500 stock index recoup early losses on Monday sparked by rising tensions in the Middle East.



5 years ago

Gold surges as investors assess Mideast risk; stocks fall

Gold prices shot to almost seven-year highs on Monday while yields on U.S. Treasury and euro zone government debt fell as escalating U.S.-Iranian tensions spurred demand for safe-haven assets.



5 years ago

Ghosn did not use French documents to travel to Lebanon: French minister

Former Nissan and Renault boss Carlos Ghosn did not use French travel documents to travel from Japan to Lebanon, French Foreign Minister Jean-Yves Le Drian said on Monday.



5 years ago

HP had 'buyer's remorse' over ill-fated Autonomy deal, court hears

Hewlett-Packard suffered "buyer's remorse" over its disastrous $11 billion acquisition of Autonomy and was trying to pin the blame on UK entrepreneur Mike Lynch, London's High Court heard on Monday in the closing stages of a multi-billion dollar case.



5 years ago

Disney's streaming business is already worth more than $100 billion alone, investors believe

The market is valuing Disney's streaming business at $108 billion, according to Barclays.

5 years ago