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FX traders heed Draghi "don't short" advice on euro
LONDON - European Central Bank chief Mario Draghi's warning not to bet against the euro has given traders pause and should see the currency rise in coming weeks though any delay in implementing anti-crisis measures will see it punished.
Standard Chartered Falls Most in 24 Years on Iran Probe
Standard Chartered Plc (STAN) fell the most in almost 24 years as an analyst estimated it may face costs of $5.5 billion after being accused of violating U.S. money laundering laws over its dealings with Iranian banks.
Oil Near Two-Week High on U.S. Supplies; Brent Tops $110
Crude climbed to the highest level in more than two months after better-than-estimated corporate earnings bolstered optimism that economic growth will accelerate.


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Business News
  • Buffett Bets Big On Banking Stocks
    The Fed seems bent on raising interest rates in December, and the banking industry is the beneficiary, with legendary investor Warren Buffett hitting the point home with a revelation this week that Berkshire Hathaway has made a $4-billion stake in JPMorgan ( JPM ). Since his move earlier this month to buy back
  • Can We Expect A Major Rebound In Oil Prices?
    After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge
  • US Futures Point South as Trade Tensions Linger
    US stock futures pointed south Monday amid the continued trade tensions between the US and China with Vice President Mike Pence sharpening US rhetoric at the Asia Pacific Economic Cooperation summit US stock futures pointed south Monday amid the continued trade tensions between the US and
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