No commercially exploitable oil had been discovered in Kenya until Tullow Oil began drilling this year in the blazing savanna of the Rift Valley, about 250 miles northwest of Nairobi, the New York Times reports.
The appearance of Bob Diamond, the departed chief executive of Barclays, before a UK Treasury select committee on Wednesday will focus attention on movements in the London interbank offered rate over a crucial two-day period at the height of the financial crisis in 2008, the Financial Times reports.
abstract goes here
For a group notorious for its irrational exuberance at the very worst times, Wall Street strategists have taken a decidedly bearish tack as of late.
CNBC's Kelly Evans reports the latest details on the departure of Barclays CEO Bob Diamond, amid the developing Libor scandal. Anton Schutz, Mendon Capital Advisors president & CIO, offers insight.
Philip Silverman, Kingsview Management, and Mark Grant, Southwest Securities, discuss investment strategies for your portfolio amid uncertainty in the markets and economy.
David Cameron was accused on Monday of doing the “hokey-cokey” after he insisted he wanted Britain to stay in the EU but refused to rule out an in-out referendum if he was not able to negotiate a better deal with Brussels, the Financial Times reports.
The currency cap the Swiss National Bank set on the franc will not be sustainable and could be withdrawn shortly, Stephen Isaacs, chairman of the investment committee at Alvine Capital told CNBC.
The euro got quite a lift from the European Union summit, but this strategist says the party's over.
With Friday’s employment report looming, a surprise contraction in manufacturing activity in June raises the specter that the current economic soft patch may lead to something more dire.
The euro zone is lacking in “lifeboats” as the Titanic once was, a UK politician warned Monday as employment and manufacturing data painted a gloomy picture of the region’s prospects.
Summit euphoria ebbs and central bank confabs await — it's time for your FX Fix.
The euphoria following last week’s euro zone summit will not last as traders return to work and realize there are no “executable” proposals on the immediate horizon, according to an economist.
As EU leaders scramble to save the euro zone and cobble together policies to restore growth, Poland is solidifying its position as the union’s fastest growing economy, the Financial Times reports.
François Hollande, fresh from his first full eurozone crisis summit, is set to turn his attention to the daunting challenge of tackling France’s own rocky public finances: with tax rises looming, it could be a tough week for French business and the better-off. The FT reports.
As London braces itself for feared transport congestion when the Olympic Games start this month, the disruption looks set to hit an unexpected victim: the government bond market, the Financial Times reports.
Steve Brice, Chief Investment Strategist, Standard Chartered says the deal with Spain and Italy at the EU summit is "good" but not a game-changer. Markets are now looking for aggressive action from the ECB.
Timothy Riddell, Head of Global Markets Research for Asia at ANZ, says it is important that Europe needs a region-wide banking supervisory body before the changes to the ESM are allowed.
With the European Union summit behind us, investors are focusing on what the European Central Bank will do next.
The euro is having a big day on the heels of the summit agreement - but this strategist is wary.