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Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
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Oil Falls Around 3% As Investors Eye U.S. Fed Rate Hikes
Oil prices pared losses, however, during the session after Fed Chair Jerome Powell pledged an "overarching focus" on bringing down inflation and reiterated that ongoing increases in the central bank's policy rate would be appropriate, with the pace depending on the economic outlook.
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U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
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Oil Slumps To Three-Week Low After Fed Minutes, Big IEA Reserve Release Announcement
Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supply and hawkish minutes from the U.S. central bank that bolstered the dollar.
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Digital Dollar Risks Local Currencies In Poorer Countries: Raghuram Rajan
The introduction of a digital U.S. dollar could help democratize banking in poorer countries, but it also poses a risk to local currencies if it were readily accessible, according to former Indian central bank Governor Raghuram Rajan.
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How FedEx-ed Diamonds Were Central To Nirav Modi's Big Scam
PNB fraud: The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a U.S. bankruptcy examiner...
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President Trump Nominates Fed's Powell To Lead US Central Bank
President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018.
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US Senators Urge Obama To Prioritize Cyber Crime At G20 Summit
Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters.
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US Regulators, FBI Warn Banks On Cyber Threat After Bangladesh Heist
U.S. regulators on Tuesday told banks to review the cyber security they have in place to protect against fraudulent money transfers and other threats to a global payments network, months after hackers stole $81 million from the Bangladesh central bank's account at the Federal Reserve Bank of New York.
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When Mobsters Meet Hackers - The New, Improved Bank Heist
The unprecedented heist of $81 million from the U.S. account of Bangladesh's central bank is the latest among increasingly large thefts by criminals who have leveraged the speed and anonymity of hacking to revolutionise burgling banks.
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Hoping, as usual, that next year will be better
Like winemakers consoling themselves after a poor vintage, economists are putting a disappointing 12 months behind them and hoping that 2014 will be a better year for global growth.
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Americans win Nobel prize for work on predicting markets
Three American scientists won the 2013 economics Nobel prize on Monday for research that has improved the forecasting of long term asset prices, a hot topic since the collapse of the U.S. housing market bubble prompted a global financial meltdown.
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Barack Obama to name Janet Yellen as next Fed chair on Wednesday
President Barack Obama will announce his choice of Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, putting her on course to be the first woman to lead the institution in its 100-year history.
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Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
-
Oil Falls Around 3% As Investors Eye U.S. Fed Rate Hikes
Oil prices pared losses, however, during the session after Fed Chair Jerome Powell pledged an "overarching focus" on bringing down inflation and reiterated that ongoing increases in the central bank's policy rate would be appropriate, with the pace depending on the economic outlook.
-
U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
-
Oil Slumps To Three-Week Low After Fed Minutes, Big IEA Reserve Release Announcement
Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supply and hawkish minutes from the U.S. central bank that bolstered the dollar.
-
Digital Dollar Risks Local Currencies In Poorer Countries: Raghuram Rajan
The introduction of a digital U.S. dollar could help democratize banking in poorer countries, but it also poses a risk to local currencies if it were readily accessible, according to former Indian central bank Governor Raghuram Rajan.
-
How FedEx-ed Diamonds Were Central To Nirav Modi's Big Scam
PNB fraud: The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a U.S. bankruptcy examiner...
-
President Trump Nominates Fed's Powell To Lead US Central Bank
President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018.
-
US Senators Urge Obama To Prioritize Cyber Crime At G20 Summit
Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters.
-
US Regulators, FBI Warn Banks On Cyber Threat After Bangladesh Heist
U.S. regulators on Tuesday told banks to review the cyber security they have in place to protect against fraudulent money transfers and other threats to a global payments network, months after hackers stole $81 million from the Bangladesh central bank's account at the Federal Reserve Bank of New York.
-
When Mobsters Meet Hackers - The New, Improved Bank Heist
The unprecedented heist of $81 million from the U.S. account of Bangladesh's central bank is the latest among increasingly large thefts by criminals who have leveraged the speed and anonymity of hacking to revolutionise burgling banks.
-
Hoping, as usual, that next year will be better
Like winemakers consoling themselves after a poor vintage, economists are putting a disappointing 12 months behind them and hoping that 2014 will be a better year for global growth.
-
Americans win Nobel prize for work on predicting markets
Three American scientists won the 2013 economics Nobel prize on Monday for research that has improved the forecasting of long term asset prices, a hot topic since the collapse of the U.S. housing market bubble prompted a global financial meltdown.
-
Barack Obama to name Janet Yellen as next Fed chair on Wednesday
President Barack Obama will announce his choice of Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, putting her on course to be the first woman to lead the institution in its 100-year history.
