Clik here to view.
Crude oil's 'drain is clogged,' and it's heading into the worst time of the year
July was the worst month for crude oil in a year.The usual seasonal boost in demand that could be helping prices is lackluster right now, Barclays' Michael Cohen and his team wrote in a note on Monday....
View ArticleClik here to view.
The Olympics aren't going to save Brazil
Major sporting events are often presented as a way to help boost a country's economy.However, theoretically, that effect is likely to be stronger for a smaller economy, where a huge influx of tourists...
View ArticleClik here to view.
Asian shares subdued, RBA rate decision awaited
TOKYO (Reuters) - Asian shares edged lower in early trading on Tuesday, taking their cues from a modestly lower day on Wall Street as U.S. crude oil prices slid.The Reserve Bank of Australia's policy...
View ArticleClik here to view.
South Korea suspends sales of 32 Volkswagen, Audi, Bentley models in...
SEOUL (Reuters) - South Korea on Tuesday suspended sales of 32 Volkswagen Group models and fined the German automaker 17.8 billion won ($16.06 million), accusing it of forging documents on emissions or...
View ArticleClik here to view.
U.S. crude oil edges back over $40, but oversupply still weighs
By Henning GloysteinSINGAPORE (Reuters) - Oil prices edged up in early trading on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be...
View ArticleClik here to view.
MoneyGram's digital business inches forward (MGI)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.MoneyGram, the second-largest global remittance provider, posted gains in its...
View ArticleClik here to view.
Alert: Fintech revolution hits roadblocks
What’s really going on in financial technology? Financial technology, or “fintech” for short, is threatening to turn traditional financial fields like banking, lending, asset management and insurance...
View ArticleClik here to view.
Under Tesla's wing, SolarCity's future remains uncertain
By Nichola Groom(Reuters) - After four rocky years as a publicly traded company in the volatile renewable energy sector, SolarCity Corp may now be wading into an equally uncertain future.With a...
View ArticleClik here to view.
This one statistic will give Wall Street stock pickers nightmares
There's a big shift underway in the money-management business.Passive funds, which track indexes, are vacuuming up assets, picking up 72% of all inflows in 2015, according to a survey by Casey Quirk by...
View ArticleClik here to view.
Foreign rail firms shunted as 'Made in China' mantra gathers pace
By Brenda GohSHANGHAI (Reuters) - Foreign firms say they are struggling to gain access to China's vast railway market as the country, seeking to transform its domestic industry into an export...
View ArticleClik here to view.
Anthem asks for separate, speedy trial in bid to save deal for Cigna
By Diane BartzWASHINGTON (Reuters) - Health insurer Anthem Inc , which is fighting the government to save its merger with rival Cigna Corp , asked a judge on Tuesday to decide on the deal by the end of...
View ArticleClik here to view.
Shifting risks: Trust firms cheer latest China WMP crackdown
By Engen Tham and Shu ZhangSHANGHAI (Reuters) - Lightly regulated trust companies are hoping for a windfall from China's latest effort to crack down on risky wealth management products (WMPs), which...
View ArticleClik here to view.
Ferrari is entering a challenging new era (RACE)
Ferrari reported second-quarter earnings on Tuesday, and they were a beat. The company thinks it's going to have a record year, after the luxury car maker was spun off from Fiat Chrysler Automobiles in...
View ArticleClik here to view.
Japan's big announcement is a 'very important turning point'
Japan's Cabinet officially approved an economic stimulus package worth over ¥28 trillion ($275 billion) on Tuesday. This is the latest move by Prime Minister Shinzo Abe to kick start Japan's...
View ArticleClik here to view.
You can see the Bill Ackman redemptions right here...
Investors have begun pulling money from Pershing Square, the hedge fund helmed by billionaire investor Bill Ackman.According to numbers released by Pershing, its public fund's net asset value went up...
View ArticleClik here to view.
A huge part of the economy is hitting a wall
Credit keeps the US economy moving.Loans allow businesses to build factories and hire workers, for people to buy homes, and for developers to build retail spaces. So when the spigot of credit gets shut...
View ArticleClik here to view.
U.S. crude oil remains below $40 as oversupply still weighs
By Henning GloysteinSINGAPORE (Reuters) - Oil prices edged up early on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing...
View ArticleClik here to view.
Bonds shaken by stimulus doubts, dollar in decline
By Wayne ColeSYDNEY (Reuters) - Asian shares bowed lower on Wednesday while the yen lorded over a weakened U.S dollar as talk the Bank of Japan may retreat from its massive bond-buying campaign twigged...
View ArticleClik here to view.
Aeromexico boosting international flights, a contrast to U.S. carriers
By Alizeh KohariMEXICO CITY (Reuters) - Mexico's largest airline group, Aeromexico , will increase the frequency of flights on five of its main international routes, the company said on Tuesday.On its...
View ArticleClik here to view.
China July service sector growth eases, employment falls for first time in...
BEIJING, Aug 3 (Reuters) - - Growth in China's services sector cooled in July, with weaker expansions in activity and new work prompting companies to shed staff for first time in four months as they...
View Article