A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil clings to gains as stockpiles rise for seventh week

Oil prices held gains on Friday on data showing U.S. stockpiles rose for a seventh straight week but at a pace that was well below expectations, and news of ... Read More

Ex-Forex Traders jailed for false trades

Ex-Deutsche Bank trader Toh sentenced to eight weeks Former HSBC senior dealer Chng handed 15-week sentence Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were ... Read More

Asian Stocks Drop Even as Reflation Pullback Eases: Markets Wrap

S&P 500 slips in New York trading, oil heads for weekly loss U.K. retail sales and U.S. leading index due on Friday Investors continued to step away from Asian ... Read More

Pound to Euro Exchange Rate: Week Ahead Forecast

Pound Sterling has pulled reversed recent gains against th Euro after being rejected at highs at 1.18 and is seen valued at 1.1580 ahead of the new week. Although ... Read More
Royal Bank of Scotland

Royal Bank of Scotland to Pay $85 Million Penalty

CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates In Total, the CFTC Has Imposed $570 ... Read More
A fuel tanker navigates near Cienfuegos Oil Refinery southeast of Havana

Oil prices dip as rising U.S. supplies offset OPEC cuts

Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since ... Read More

Deutsche Bank fined $425 million; the Bank allowed traders to engage in a Money-Laundering scheme

The New York State Department of Financial Services (DFS) has issued an announcement to inform for a $425 Million fine imposed to Deutsche Bank. The Bank Allowed Traders to ... Read More

Oil prices fall as rising U.S. output offsets OPEC-led cuts

Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent ... Read More
Vladimir Gersamia and Georgy Urumov

London brokers found guilty in complex multimillion fraud

Two City traders have been sentenced for conspiring to defraud a Russian bank of more than £141 million in a series of complex frauds following an investigation by the ... Read More
Broker Cyprus TopFX