News / Blog
An employee of Trafigura, the world's second-largest metals trader and third-largest oil trader, was arrested by Chinese police as part of an investigation into an alleged $32 million gasoline trade fraud...
“There’s no doubt lower oil prices will act as a stimulus to growth in the region,” Frederik Ducrozet, a Paris-based economist at Credit Agricole, said by phone to Bloomberg. “Greece, Spain, Portugal and Italy would be clear beneficiaries.”...
Intel Corp will invest $1.6 billion to upgrade its factory in the city of Chengdu in Western China, informing in a statement on Thursday it would bring its most advanced chip-testing technology to China...
On Monday the Russian central bank was reported to be active in the currency markets as it sought to restrain what seemed like the biggest one-day fall in the ruble since the debt default of 1998. It is understandable why Moscow backtracked...
As oil prices drop to more than four-year lows, analysts are slashing their forecasts, with some predicting it could plunge as much as 40 percent to around $40 a barrel...
The world’s biggest mining company BHP Billiton Ltd. considers there will be no slowdown in the drive by global iron-ore producers to boost production even as prices slump...
Brent and West Texas Intermediate extended declines from the lowest price in more than four years amid speculation that OPEC will refrain from cutting output when ministers meet in Vienna today...
According to Citigroup Inc., the initiative requiring the Swiss National Bank to hold a fixed portion of its assets in gold makes no sense, as the metal was the equivalent of the cryptocurrency bitcoin...
Brent crude oil steadied below $79 a barrel on Wednesday after Saudi Arabia signaled that despite lunging prices it was unlikely to push for a major change in OPEC oil output...