Search Results for: Gas
Oil hovers near multi-month lows, Brent below $50
August 6th, 2015
Oil hovered near multi-month lows on Thursday with Brent under $50 a barrel after investors sold crude on worries about rising U.S. gasoline inventories as peak summer demand comes to an end. Gasoline stocks in the United States rose ...
Greek Bank Stocks Are Getting Crushed for the Third Straight Day
August 5th, 2015
Greek banks extended a rout that has wiped out more than half their value this week, sending the nation’s stocks lower for a third day. Piraeus Bank SA and Alpha Bank AE plunged at least 29 percent, while Eurobank ...
ITG Says U.S. Market Share Has Plunged After Announcing SEC Fine
August 5th, 2015
Investment Technology Group Inc. said its market share has fallen by a quarter in the U.S. after revealing that it may have to pay the largest fine ever imposed on the operator of a dark pool. Read also: Investment Technology ...
JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of Law
August 4th, 2015
It was only a matter of time. One of the participants in a $1.5 billion term loan that JPMorgan Chase & Co. made to General Motors Corp. before its bankruptcy is now suing the bank and its lawyers at ...
Bitcoin: The hottest game for Chinese gamblers
August 3rd, 2015
Bitcoin trading is the hottest game in China. The digital currency has been embraced by Chinese users who like to take a gamble: It’s all “about trading, about volatility, about making a profit — buy low, sell high,” said ...
Greek Financial Markets to Open as Talks With Creditors Continue
August 3rd, 2015
Greek financial markets reopen on Monday after a five-week suspension as talks continue with creditors on austerity measures and reforms required for a third bailout. Local traders will be able to buy stocks, bonds, derivatives and warrants under certain conditions, according ...
RBS, Credit Suisse recommend buying Greek debt
July 31st, 2015
It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. A last gasp deal on 13 July saw ...
Oil to hit low $30s by the end of 2015: Kilduff
July 31st, 2015
The prospect of oil prices falling below $40 receded earlier this year amid a crude rally, but with futures sliding again, investors shouldn’t rule out a three-handle, Again Capital founding partner John Kilduff said Thursday. “Christmas time we’ll probably ...
Iran Oil Industry: How much Iran needs to bring it back to levels it was five year ago
July 30th, 2015
Iran needs around $100 bln to revamp oil industry – minister Iran needs around $100 billion to bring its oil industry back to the level it was five years ago, the country’s Industry Minister Mohammad Reza Nematzadeh told Austrian ...
Bank of Russia Halts Foreign-Currency Purchases, as Ruble Hits Five-Month Lows
July 30th, 2015
Central bank stops buying U.S. dollars for reserves in bid to balance inflation and growth measures Russia’s central bank, whose credibility has been tested over the past year by runaway inflation and a volatile currency, is coming sharply into ...
