Taiwan dollar forwards rose for a third day on speculation Federal Reserve Chairman Ben S. Bernanke will signal the need to sustain stimulus policies that have spurred fund flows into emerging markets.
The U.S. Supreme Court will rule on the reach of the 2002 Sarbanes-Oxley investor-protection law, agreeing to decide whether the law’s whistle-blower protections cover the employees of a publicly traded entity’s contractors.
Wall Street banks collected $215.6 million that Denver’s public schools paid to unwind swaps and sell bonds since the district began borrowing to cut pension costs in 2008. That sum is about two-thirds of annual teaching expenses.
The world’s top finance officials meeting last month were trying to commit jointly to reducing debt until Mark Sobel, a mid-level U.S. Treasury official who rarely speaks in public, led the charge to kill the effort.
U.S. public officials should face regulatory sanctions if they make misleading statements about a municipality’s financial health, Securities and Exchange Commission member Daniel Gallagher said in a speech.