SINGAPORE, Dec 10- U.S. crude futures edged up on Tuesday, holding above $97 a barrel, on expectations of a second weekly drop in crude inventories in the United States. *Iranian Foreign Minister Javad Zarif said the Iranian nuclear deal would be dead if the U.S. Congress imposes new sanctions, even if they do not take effect for six months, Time Magazine said.» Read More
Amid a recent escalation of tensions, the UK reasserts the islands independence while Argentina warns companies off oil exploration there.
All the world loves a clown, except on the taxpayers dime.
JJ Kinahan, TD Ameritrade, says there are many people who think markets will move higher this spring.
A clutch of Europe’s biggest banks are preparing to return a chunk of the cheap three-year funding they recently took from the European Central Bank as early as this year. The FT reports.
Ray Dalio, head of Bridgewater, the world’s largest hedge fund, personally made $3.9 billion in a year that his $70 billion Pure Alpha fund produced $13.8 billion of investment profits for its investors, according to industry rankings. The FT reports.
Saudi Arabia’s powerful oil minister, Ali Naimi, made a rare intervention into overheating oil markets on Tuesday, declaring that high oil prices were “unjustified” and vowing that the kingdom would boost its output by as much as 25 per cent if necessary. The Financial Times reports.
Oil contracts for delivery in three to five years’ time are trading at their biggest ever discount to spot prices, prompting a debate about whether the era of triple-digit oil prices will be a short-term phenomenon. The FT reports.
Tom Lydon, Global Trends Investments president, discusses which exchange traded products are moving in the wrong direction, and how to play it, with the Fast Money traders.
Natural gas futures traded as low as $2.18 today-- it's the lowest level since February 2002. Darren Wolfberg, BNP Paribas, explains whether natural gas hit a bottom today.
The coalition government aims to begin the privatization of Royal Mail by selling or floating at least part of it in autumn 2013 if the state-owned postal operator’s finances continue to improve, the FT reports.
Germany is poised to bow to international pressure and allow a temporary increase in the euro zone’s financial “firewall” this week, to prevent the crisis in the region’s periphery spreading to other member states. The FT reports.
Investors are losing their enthusiasm for gold as signs of improvement in the US economy tempt them away from the traditional haven. The FT reports.
CNBC's Herb Greenberg reports the TVIX tumbles 30% as the VIX rallies, and the dangers of ETNs, with the Fast Money traders.
Deutsche Bank is to open a new precious metals vault in London next year, joining a growing number of banks and logistics companies seeking to cash in on booming investor demand for physical gold and silver. The FT reports.
Blackstone is set to take control of 100 million euros worth of commercial property loans owned by Société Générale as the French bank pushes to shed its exposure to global real estate. The FT reports.
Greece’s caretaker prime minister insists that a “large, silent majority” of Greeks are willing to do whatever is needed to stay in the eurozone, despite near-daily anti-austerity demonstrations. The FT reports.
How to play copper if it breaks past its resistance level at $3.90, with Darren Wolfberg, BNP Paribas.
The onus of UK macroeconomic policy falls on the Bank of England. George Osborne, chancellor of the exchequer, has nailed his colours to the mast of fiscal discipline instead. The FT reports.
The Fast Money traders weigh in on today's top market action, and Dennis Gartman, The Gartman Letter, discusses what's driving the recent decline in precious metals and how to play it.
“Deleveraging” is an ugly word for a nasty journey: that towards lowering excessive debt after a credit bubble. The FT reports.
U.S. crude futures edged up on Tuesday, holding above $97 a barrel, on expectations of a second weekly drop in crude inventories in the United States.
Gold got off to a shaky start on Tuesday after gaining 1 percent in the previous session
CNBC's Dominic Chu looks at three stocks to watch tomorrow, including PVH, which beat today but offered weak guidance. Autozone reports before tomorrow's bell, and Smith & Wesson reports tomorrow after the bell.