SINGAPORE, Oct 21- U.S. crude futures hovered near $83 a barrel on Tuesday after an uneventful session overnight and ahead of data from China that may point to cooling economic growth in the world's No. 2 oil consumer. *U.S. crude for November delivery was up 4 cents at $82.75 a barrel by 0008 GMT after ending nearly flat at $82.71 on Monday. *About a third of U.S. shale...» Read More
I was in Ischia, off the coast of Naples, during the latest eurozone summit. Many of the Italians present during the award of this year’s Ischia prizes for journalism thought that Italy had won two victories over Germany: in football, at the European championships, and in economics, at the European summit, the Financial 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
Rather than a housing market defined by weak demand and falling prices, the market is now being hampered by a restricted supply of homes for sale as demand improves. That's leading to a more volatile housing recovery than many expected, USA Today reports.
A look at what traders will be focused on ahead of the opening bell, with Kevin Ferry, Cronus Futures Management chief market strategist.
Bob Diamond has resigned with immediate effect as Barclays chief executive, bowing to public and political pressure over the Libor rate-setting scandal. 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.
Barclays failed to act on three separate warnings between 2007 and 2008 about conflicts of interest and “patently false” submissions by its staff to the panel which sets Libor rates. The FT reports.
On both sides of the Atlantic, budget-minded leaders have alienate wealthy individuals and non-profit organizations alike with proposals to clamp down on tax relief on charitable donations.
Euro zone leaders agreed to radically restructure Spain’s 100 bilion euros ($125.9 billion) bank recapitalisation plan, allowing EU bailout funds to eventually be injected directly into teetering Spanish financial institutions, meaning Madrid can sweep the burden of the bailouts off its sovereign books.
Global investment banks are bracing themselves for a dismal second half, with further cuts in costs and staff, after a sharp drop in dealmaking and capital markets activity pushed down fees in the second quarter to their worst level in three year, the Financial Times reports.
Soft commodities such as soy and corn should be used by investors to protect against inflation in the same way as gold, according to the founding partner of GAIA Capital, John Coast Sullenger.
Tom Kloza, Oil Price Information Service; and Yra Harris, Praxis Trading, discuss the play on receding crude oil prices, and a look at how the futures are trading ahead of the market's open.
A preview of today's market activity in oil, the U.S. dollar and options, with Addison Armstrong, Tradition Energy; Joseph Trevisani, Worldwide Markets; and Scott Nations, NationsShares.
The City of London has raised deep concerns over David Cameron’s strategy in Europe, warning that the prime minister’s wishlist of “safeguards” in December could actually have damaged its standing as Europe’s financial center. The FT reports.
The European Union would gain far-reaching powers to rewrite national budgets for eurozone countries that breach debt and deficit rules under proposals likely to be discussed at a summit this week, according to a draft report seen by the Financial Times.
Discussing the impact of tropical storm "Debby" on offshore drilling and oil prices, with Stephen Schork, The Schork Report, and Philip Weiss, Argus Research.
The Bank of England needs to pump at least another 50 billion pounds ($77.8 billion) into Britain’s “stalled” economy, says David Miles of its interest rate-setting committee, warning that only a “substantial” third round of emergency bond-buying will kick-start recovery, the Financial Times reports.
The new chief executive of Airbus says he is ready to “bet” that the European aircraft maker’s planned new A350 widebody passenger jet will not suffer the same three-year delay that Boeing had with its 787 Dreamliner, the Financial Times reports.
A top European Central Bank policy maker has publicly backed the rapid use of the eur ozone’s bailout fund to buy distressed sovereign bonds on the open market, saying such action could ease the “very severe strain” being felt by Spain and Italy. The FT reports.
With reports due from Apple, McDonald's and IBM, earnings could finally dictate trading this week. And that's a good thing.
After surprisingly dovish comments by St. Louis Federal Reserve President James Bullard, is it safe to buy back into the market?
Has the market bottomed? Jim Iuorio and Brian Stutland say yes. With CNBC's Mandy Drury and the Futures Now Traders.
Gold clung to overnight gains as worries persisted over a slowdown in the global economy after China's growth eased in the third quarter.
Brent held above $85 as China oil demand supported prices, although gains were capped by oversupply and fears of a weak global economy.
Hopes that winter rains would help ease California's severe drought appear to be going by the wayside.