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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.
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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.
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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
  • ASIA ECONOMICS: China Shares Rally as Trade Talks Continue
    The Shanghai Composite index climbed 52 points or 1 9 to 2 804 Friday ahead of the conclusion of U S China trade talks in Washington with media reports suggesting that Chinese Vice Premier Liu He will meet U S President Trump later in the day said Trading Economics Gains came in
  • Market Chatter: Nigeria Compels Oil Majors to Pay Billions in Back Taxes
    Nigeria s central government has ordered several foreign oil majors to pay nearly 20 billion in taxes it says are owed to local states where they conducted their hydrocarbon operations Reuters reported Nigeria s central government has ordered several foreign oil majors to pay nearly 20
  • Warren Buffett and the Insurance Business: A 52-Year Love Story
    On Feb 22 2019 it will be 52 years to the day since Warren Buffett took his first serious dive into the insurance business when Berkshire Hathaway NYSE BRK A NYSE BRK B entered into an agreement to acquire National Indemnity Company and another smaller insurer for 8
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