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Fed may need more powers to support securities firms during crises: Dudley
By Lindsay DunsmuirAMELIA ISLAND, Fla (Reuters) - The U.S. Federal Reserve may need more powers to provide emergency funding to securities firms in times of extreme stress in order to deal with a...
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Halliburton's mega-merger with Baker Hughes is officially over (HAL, BHI)
The $28 billion merger between Halliburton and Baker Hughes is officially over. The companies announced Sunday that they terminated their merger agreement after it faced opposition from US and European...
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Asian shares slip, Nikkei skids on yen strength
By Lisa TwaroniteTOKYO (Reuters) - Asian shares fell in early trading on Monday, with Japan's Nikkei plunging after the dollar notched a fresh 18-month low against the yen.MSCI's broadest index of...
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Oil prices fall on rising OPEC crude production
By Henning GloysteinSINGAPORE (Reuters) - Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling U.S. output and the recent slide in the dollar,...
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Understand the payments industry in one hour with this report
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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As oil plows through $45 a barrel, U.S. producers rush to lock in prices
By Liz HamptonHOUSTON (Reuters) - U.S. oil producers pounced on this month's 20 percent rally in crude futures to the highest level since November, locking in better prices for their oil by selling...
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Capital Group leaders look to rein in inflated CEO pay
By Ross KerberBOSTON (Reuters) - The usually close-mouthed Capital Group is speaking up on executive pay - throwing more brickbats than bouquets.In a recent interview, leaders of the $1.4 trillion Los...
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Goldman targets 'mass affluent' borrowers with unusual lending plan
By Olivia OranNEW YORK (Reuters) - Goldman Sachs Group Inc , the banking gold standard for the world's elite, sees a future in less prosperous investors.A creative strategy taking shape inside the bank...
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ICE may have more time to consider bid for London bourse
By Sophie Sassard and Huw JonesLONDON (Reuters) - London Stock Exchange Group and Deutsche Boerse may have to delay a vote on their proposed merger until after Britain's EU referendum, handing more...
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The 10 most important things in the world right now
Hello! Here's what you need to know on Monday.1. Puerto Rico is going to default. In a television address made Sunday, Puerto Rico's governor said the island will not make a $422 million payment due to...
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Asia's factories stay sluggish, stimulus lacks traction
By Wayne ColeSYDNEY (Reuters) - Japanese manufacturing activity shrank in April at the fastest pace in more than three years as deadly earthquakes disrupted production, while output in China and the...
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U.S. Energy Secretary sees oil supply, demand rebalancing in a year
By Osamu TsukimoriKITAKYUSHU, Japan (Reuters) - U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year's time.Benchmark crude oil prices, which hit...
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U.S. shale firm's bankruptcy exit shows new chapter just as tough
By Tom Hals and Terry Wade(Reuters) - Magnum Hunter Resources Corp and its founder Gary Evans are emblematic for the U.S. shale revolution: it started small, borrowed heavily to snap up land and rivals...
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Billionaire fund manager Steve Cohen: 'My worst fears were realized' in February
There are more hedge funds today than there have ever been in history, says billionaire Steve Cohen, and it's bringing about one of his worst fears."One of my biggest worries is that there are so many...
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Oil prices dip on rising Middle East supply
By Henning GloysteinSINGAPORE (Reuters) - Oil prices dipped in early Asian trading on Tuesday on signs that production in the Middle East is continuing to rise, countering falls in U.S. output and...
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Investors are missing the big picture about Goldman Sachs
When most investors look at Goldman Sachs, they see it as a fixed income, currencies, and commodities (FICC) trading business — but they may be missing the bigger picture.That's according to UBS'...
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MoneyGram edges closer to digital targets
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.Legacy remittance provider MoneyGram reported ongoing transaction and...
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Uber made a move for Chinese users that could finally blow its competition...
Uber is making a play for its Asia-Pacific users that could drive the company miles ahead of its largest rivals in the region.The ride-hailing company on Monday announced an expansion of its...
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The 10 most important things in the world right now
Hello! Here's what you need to know on Tuesday.1. Apple shares closed down for an eighth-straight day on Monday. This is the first time this has happened since July 1998 and the stock has now lost 11%...
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10 things you need to know in markets today
Good morning! Here's what you need to know in markets on Tuesday.HSBC reported a bigger first-quarter profit than analystsforecast, citing cost controls and strength in commercial banking. Bloomberg...
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