TOKYO, July 31- U.S. crude oil futures fell under $100 in early Thursday trade, putting the contract on course for its steepest monthly slide in nine months, as concerns over weak demand rose while fears over supply shortages in the Middle East and North Africa waned.» Read More
CNBC’s analytics team compiled a list of the 10 best-performing commodities in the CRB index so far this year, based on the closing prices on March 29, 2011.
Regulators should include more than 80 banks in their list of global financial institutions of systemic importance that need tighter regulation and higher capital requirements, Douglas Flint, chairman of HSBC, has urged, reports the Financial Times.
In the months after Bill Clinton received the same kind of electoral drubbing meted out to Barack Obama in November, he used to measure his political standing by the number of Republicans getting ready to run against him, reports the Financial Times.
George Osborne’s Budget brought to the top of the political agenda the question of how Britain taxes its wealthiest people – and simultaneously exposed tensions in the coalition.
AstraZeneca has agreed to pay more than $1 billion to settle an ongoing dispute over its US tax liabilities, the Financial Times reports.
Unilever is set to become the first European multinational to launch an offshore renminbi-denominated “dim sum” bond when it raises Rmb300 million ($46 million) from institutional investors in Hong Kong on Monday, bankers say, reports the Financial Times.
Copper is up 33% over the past year. Insight on whether now is now the time to buy, with Michael Widmer, Bank of America Merrill Lynch Global Research.
Credit Suisse has joined the list of banks and investment firms considering a rival bid for the portfolio of mortgage-backed securities that has already drawn a $15.7billion offer from AIG, people familiar with the matter said. The FT reports.
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Scottish politicians accused George Osborne of using North Sea resources to “fuel his Budget”, saying the chancellor had given too little in return for his unexpected £2 billion tax raid on the oil and gas industry, reports the Financial Times.
CNBC's Bob Pisani reports on the trading day from the NYSE.
HSBC is sounding out its shareholders on a proposed shake-up of its executive pay plans, which could see its top bankers unable to sell their stock until retirement, the Financial Times reports.
Police chiefs have told protesters bent on trouble to stay away from Saturday’s mass demonstration in London against government spending cuts, as union bosses predicted a peaceful “family friendly” event, reports the Financial Times.
When European Union leaders gather in Brussels at the end of the week to finalise a much-anticipated “grand bargain” to solve their debt crisis, the eyes of the financial markets will be focused on an unlikely place: Finland, reports the Financial Times.
Friday is Quadruple Witching Day. But with geopolitical events rocking stocks this week, this quarterly event has had less effect on the markets than usual. Quadruple witching is when contracts for stock index futures, stock index options, stock equity options and single stock futures expire. This happens once every quarter, on the third Friday of March, June, September and December, and has also been called "Freaky Friday."
A few years ago, a senior official at Japan’s finance ministry shocked a foreign guest by making a deliberately provocative statement. “What Japan’s economy needs is a really good earthquake,” he said. Now, tragically, his tongue-in-cheek wish has come true, the Financial Times reports.
The US vice-president has warned Russia it risks scaring away investors unless it moves to strengthen the rule of law and introduce political reforms.
Libya’s central bank has ordered banks to recirculate old currency in the first sign that the oil-rich north African state is facing liquidity problems amid international efforts to freeze the regime’s assets, reports the Financial Times.
Local residents in a small town north of Athens, angry at losing their exemption from paying tolls for using a 500m stretch of motorway, raised a banner saying “Den Plirono” (“I won’t pay”). In four months, Den Plirono has grown to a nationwide anti-austerity movement, reports the Financial Times.
Key parts of a stress test for European banks designed to raise investor confidence in the sector have been softened by regulators despite widespread derision of a similar exercise last year, which was seen by financial markets as too lax, reports the Financial Times.
Gold held steady below $1,300 as optimism over U.S. economic growth curbed safe-haven appetite for the metal.
Brent crude fell towards $106 as higher OPEC output and disappointing demand outweighed tensions in the Middle East and Africa.
Gold was trading in a tight range below $1,300 an ounce, as investors nervously awaited the end of a Federal Reserve policy meeting.