Search Results for: US Dollar
Russia to launch own crude benchmark in 2016
December 14th, 2015
Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange (SPIMEX). “Our goal is to take a place among the ...
Falling Oil + Rising Dollar = Crisis For A Whole Lot Of People
December 10th, 2015
Oil is plunging again, this time in the wake of OPEC’s inability to limit its members’ production. The US dollar, meanwhile, is up on the divergence between Fed tightening and ECB/BoJ/BoC easing. This widening gap is a perfect storm ...
Asian stock markets end lower; economic data in focus
December 9th, 2015
Asian equities ended lower on Wednesday as major markets such as Japan and China released economic data. Oil prices also ticked up during Asian trading session after closing near six-year lows overnight. The U.S. West Texas Intermediate (WTI) crude futures were ...
Opec bid to kill off US shale sends oil price down to 2009 low
December 8th, 2015
Oil falls by $2 a barrel with energy shares as Opec refusal to stop flooding the market with cheap oil and likely US rate hike sends Brent crude tumbling Oil prices have slumped by 5% after the latest attempt ...
China Begins G-20 Leadership With Ideas to Reduce Dollar’s Role
December 7th, 2015
South Korea, France to lead working group exploring SDR use China exploring ways to make system more resilient to shocks As China takes the reins of the Group of 20 for the coming year, the first indications are emerging ...
VW Scandal: Top law firms competing for lead assignment in expected multibillion-dollar case
December 3rd, 2015
Top law firms competing for lead assignment in expected multibillion-dollar case Lawyers from across the country will descend Thursday on a courthouse in New Orleans to jockey for a potentially lucrative assignment: a role in the massive consumer-fraud litigation facing Volkswagen AG over ...
Clearpool Secures a Multi-Million Dollar Investment from Edison Partners
December 2nd, 2015
Rapidly Growing Clearpool to Step Up Plans for Further Innovations in its Electronic Trading Software Development and Go-to-Market Strategy Clearpool Group today announced it has received an $8 million investment from growth equity firm, Edison Partners. Clearpool is a ...
Yahoo Board to Weigh Sale of Internet Business
December 2nd, 2015
Board to discuss whether to proceed with a plan to spin off its investment in Alibaba, find a buyer for its core business, or both, sources said Yahoo Inc.’s board is planning a series of meetings this week to consider ...
JPMorgan Working With On Deck to Speed Small-Business Loans
December 2nd, 2015
Bank plans to offer a new lending product with On Deck in 2016 Executive: `We’ll be able to offer almost real-time approvals’ JPMorgan Chase & Co., the biggest U.S. bank, is collaborating with On Deck Capital Inc. to dramatically ...
Russia’s Central Bank adds yuan to reserve currency basket
December 1st, 2015
According to the sources, the share of Russian reserves in yuan in the near future will remain small and symbolic Russia’s Central Bank has added the Chinese yuan to the foreign exchange reserve basket, two sources close to the ...
