Tokyo slide keeps mood downbeat
LONDON (Reuters) – A 3 percent plunge in the Tokyo stock exchange and falls in European banking shares added to a gloomy global financial mood on Monday, pushing oil prices lower and the dollar to an 18-month low against the yen.
U.S. shale firm’s bankruptcy exit shows new chapter just as tough
(Reuters) – Magnum Hunter Resources Corp and its founder Gary Evans are emblematic for the U.S. shale revolution: it started small, borrowed heavily to snap up land and rivals and then crumbled under the weight of debt when prices crashed.
U.S. Energy Secretary sees oil supply, demand rebalancing in a year
KITAKYUSHU, Japan (Reuters) – U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year’s time.
ICE may have more time to consider bid for London bourse
LONDON (Reuters) – London Stock Exchange Group and Deutsche Boerse may have to delay a vote on their proposed merger until after Britain’s EU referendum, handing more time to Intercontinental Exchange to decide whether to make a counter-bid for the Br…
Capital Group leaders look to rein in inflated CEO pay
BOSTON (Reuters) – The usually close-mouthed Capital Group is speaking up on executive pay – throwing more brickbats than bouquets.
Fed may need more powers to support securities firms during crises: Dudley
AMELIA ISLAND, Fla (Reuters) – The U.S. Federal Reserve may need more powers to provide emergency funding to securities firms in times of extreme stress in order to deal with a liquidity crunch, New York Federal Reserve President William Dudley said on…
U.S. threatens to block easing of EU car exports in TTIP talks, media report
BERLIN (Reuters) – The United States is threatening to prevent the easing of export controls on European cars in order to force Europe to buy more U.S. agricultural products, Germany’s Sueddeutsche Zeitung newspaper and ARD public broadcaster reported …
Buffett says Berkshire ‘fine’ with Trump or Clinton
OMAHA, Neb. (Reuters) – Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate’s several lar…
J.C. Penney shares could double in price in three years: Barron’s
NEW YORK (Reuters) – Shares of U.S. retailer J.C. Penney could double in price over the next three years, Barron’s reported over the weekend.
FCA sees issues in Deutsche Bank controls over financial crimes, FT reports
FRANKFURT (Reuters) – Deutsche Bank has “serious” and “systemic” failings in its controls against money laundering, terrorist financing and sanctions, according to a confidential letter by the UK’s financial regulatory agency, the Financial Times repo…
