Major banks around the world are testing collateral systems, signing legal documents and making other moves in order to meet a deadline in September for fresh collateral requirements on over-the-counter derivatives. The regulations will be […]
Iraq, OPEC’s second-largest oil producer, plans to boost exports 5%, or 150,000 barrels a day, in the next few days following a deal to restart shipments from three fields in Kirkuk. Exports were suspended in […]
The Obama administration is getting ready to launch one final push to persuade Congress to approve the Trans-Pacific Partnership. Although presidential candidates Hillary Clinton and Donald Trump have spoken against the trade deal, there is […]
About 7.4 billion lock-up shares from 33 companies totaling 57.1 billion yuan become eligible for trade on China’s mainland exchanges this week. The bulk of the share total accounting for nearly half the yuan value […]
China’s Xiaomi will rely on social-media marketing in bringing its smartphones to the US “in the near future,” Vice President Hugo Barra told a reporter, saying the US “is a very important market for any […]
Facebook and Google had a combined domestic ad revenue of $13.1 billion in the second quarter, outpacing Disney, Comcast, 21st Century Fox and CBS combined. Facebook’s revenue increased eight times more than CBS, the fastest-growing […]
The Bank of England has reposted a job advertisement as it continues to search for people to lead its research into digital currencies, including the potential for a virtual central-bank currency. The situation indicates a […]
Drugmaker Pfizer has nearly completed negotiations to take over Medivation, maker of a widely prescribed drug for prostate cancer, in a $14 billion cash deal, people familiar with the matter said. The drug, Xtandi, is […]
Italian Prime Minister Matteo Renzi will host German Chancellor Angela Merkel and French President Francois Hollande on the island of Ventotene ahead of an EU summit in Bratislava in September to discuss Brexit. The three […]
The price of Crude Oil is now within striking distance of $50 a barrel, putting the commodity nearly 22% above the $39.51 it touched on Aug. 2. Chatter about an OPEC production freeze makes for […]
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