Citigroup Inc (C.N) agreed to sell its consumer banking business in Hungary to Austria’s Erste Group Bank AG (ERST.VI) as the third-biggest U.S. bank by assets continues to divest ... Read More
Greece’s creditors are bracing for problems from the outset of the country’s new bailout program given that the snap polls will effectively postpone the first inspection, originally scheduled for ... Read More
Oil prices plummeted on Tuesday, settling 8 percent lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in 6-1/2 years last week before ... Read More
China stocks swung wildly on Wednesday as investors grappled with the market’s latest episode of extreme volatility. The benchmark Shanghai Composite shed 4.2% at the opening bell, only to ... Read More
Is September 2015 going to be one of the most important months in modern American history? When I issued my first ever “red alert” for the last six months ... Read More
More than £30bn was wiped off FTSE 100-listed stocks this morning, after new economic data from China reduced hopes of a recovery from last week’s market turmoil. The FTSE ... Read More
Russian gross domestic product dropped by 3.6 percent in the first seven months of the year, compared to the same period last year, Russia’s Economic Development Ministry said in a report issued Friday. Drops ... Read More
OPEC Bulletin Commentary July-August 2015 International crude oil prices in July suffered their largest monthly decline since Lehman Brothers collapsed in the United States in 2008, marking the onset of ... Read More
Oil prices fell nearly 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude soared more than 8 percent ... Read More
Asian stocks declined on Tuesday, as losses on Wall Street overnight and new manufacturing data out of the world’s second-largest economy curbed risk appetite. China’s official manufacturing purchasing managers’ index ... Read More
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