Search Results for: russia
Oil wars: OPEC is winning
August 13th, 2015
OPEC’s strategy to pump like crazy despite collapsing oil prices seems to be finally paying off: The U.S. oil industry is showing cracks. Oil supply from non-OPEC countries is set to slow dramatically next year and slip into its ...
Alibaba Growth Slows as Chinese Economy Weakens; Buyback Planned
August 12th, 2015
Alibaba Group Holding Ltd. quarterly sales rose at the slowest pace in at least three years and transaction volumes missed analyst estimates amid a weakening Chinese economy. Shares fell in pre-market trade. Revenue rose 28 percent to 20.2 billion ...
IEA Sees Oil Glut Enduring in 2016 After Reaching 17-Year High
August 12th, 2015
The global oil glut will last through next year as surging demand and faltering supply growth fail to clear the surplus, according to the International Energy Agency. Record inventories will expand further even as consumption climbs by the most ...
SEC Charges 32 Defendants in Scheme to Trade on Hacked News Releases
August 12th, 2015
Hackers, Traders Allegedly Reaped More Than $100 Million of Illegal Profits The Securities and Exchange Commission today announced fraud charges against 32 defendants for taking part in a scheme to profit from stolen nonpublic information about corporate earnings announcements. ...
Share trading accounts at some Australia’s largest brokers have been hacked
August 5th, 2015
Russian hackers have been detected trying to rip cash from online share trading accounts at some of Australia’s biggest brokers, including Morgan Stanley and Commsec. A joint operation by the corporate watchdog ASIC and the Australian Federal Police, dubbed ...
AFD founder: ‘Schäuble’s Greece policy is pure marketing’
July 30th, 2015
German Finance Minister Wolfgang Schäuble’s latest plans for a euro tax have solidified the prospect of a transfer union, says Eurosceptic Bernd Lucke in an interview with EurActiv Germany. The founder of the Eurosceptic Alternative for Germany (AfD) party, argues that ...
Snapshots of the Global Energy
July 29th, 2015
When the BP Statistical Review of World Energy is published each year, I skim through the figures and tables as a way of grounding myself in some basic facts. Here’s are a few things that caught my eye this year. Here’s ...
Is it all over for Gold?
July 28th, 2015
With prices at five-year lows, Annabelle Williams asks whether the precious metal is truly hammered The Gold price has been hammered in the last few weeks, leaving the precious metal at the lowest prices for five years. Gold took ...
Two arrested in illegal bitcoin scheme
July 23rd, 2015
A West Palm Beach man is one of two individuals arrested by federal authorities Tuesday for operating an unlicensed money-transfer business that allegedly used bitcoins to launder cash for on-line criminals. Authorities arrested Anthony R. Murgio, 31, of West ...
Deutsche Bank Moscow Faces Three Investigations Over Possible Money Laundering
July 17th, 2015
German banking giant Deutsche Bank is now undergoing three investigations into possible money-laundering at its Moscow branch after Britain joined the United States and the lender itself in probing suspect trades. The Financial Conduct Authority (FCA), Britain’s financial watchdog, ...
