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US President Trump: Apart from my firm insistence that negotiations with Iran continue to see if an agreement can be reached, no decisions were made in the meeting with Netanyahu.On February 12, the Bank of Canada stated that recent U.S. actions regarding trade, foreign policy, and central bank independence are making the world "more volatile" and exacerbating uncertainty. In January 2026, the bank maintained its interest rate at 2.25% for the second consecutive time, with officials citing increased uncertainty as making it difficult for policymakers to determine whether to raise or lower rates next. The meeting minutes reiterated that "it is difficult to predict the timing and direction of the next policy rate change." The Governing Council explicitly identified Canadas southern neighbor as the most serious source of instability, although the minutes did not directly name Trump. The minutes cited examples of the Trump administrations international and trade policies as sources of instability, and for the first time included Trumps attacks on the Federal Reserve in internal central bank discussions. The minutes stated that "recent geopolitical events—including in Venezuela, Iran, and Greenland, and threats to the independence of the Federal Reserve—have made the world more volatile," and that "U.S. trade policy is increasingly being used for geopolitical purposes rather than economic purposes, and therefore becoming more unpredictable."February 12th - Sources indicate that the Federal Reserve has signaled to the banking industry its intention to drop some of the corrective action warnings previously issued to certain institutions. This move comes as Vice Chairman Bowman continues to ease regulations on U.S. financial institutions. Earlier this month, Fed officials informed banks that reviewers would begin assessing pending warnings. These warnings, essentially private corrective orders, require banks to fix operational deficiencies. Sources say that warnings will be withdrawn if they do not align with recent Fed directives (that reviewers should focus more on immediate risks to a banks financial health than on process and procedure issues). The Feds action targets so-called "issues of concern" and "issues of immediate concern," the latter typically requiring swift action. These directives can arise from various aspects of a banks operations, including financial health, cybersecurity preparedness, or executive succession planning. Sources say the Fed will still issue directives during routine inspections, but the trigger thresholds will be raised.According to Futures News on February 12, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract rose 0.44%, the main Shanghai Silver futures contract rose 2.27%, and the main SC crude oil futures contract rose 0.82%.February 12th - As of 2:30 PM closing, the Shanghai Gold futures contract rose 0.44% to 1131 yuan/gram, the Shanghai Silver futures contract rose 2.27% to 20965 yuan/kilogram, and the SC crude oil futures contract rose 0.82% to 480 yuan/barrel.

Crown Resorts in Australia Will Face Disciplinary Action

Charlie Brooks

Apr 06, 2022 09:50

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Crown stated in a statement on Wednesday that it would cooperate completely with the VGCCC on the findings of the royal commission report.


Crown's shares fell 0.5 percent in early trade.


According to the Royal Commission into Casino Operators and Licensing (RCCOL), the China Union Pay process involved the use of the China Union Pay bank card from 2012 to 2016 to "allow international patrons to access funds in order to gamble at Crown Melbourne," circumventing Chinese currency restrictions.


The RCCOL discovered that "Chinese clients were aided in moving up to A$160 million in money unlawfully."


"As a starting step, we are acting on the Royal Commission's conclusions that Crown's China Union Pay scheme violated critical Victorian regulatory requirements, was unlawful, and represented significant misconduct," VGCCC Chair Fran Thorn stated, indicating that more action would follow.


Crown was found ineligible to maintain a gaming license in Melbourne in October, but was permitted to operate its highest-earning casino under monitoring.