Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday.
A Glencore PLC-controlled mining company and some of its current and former executives have agreed to pay more than US$22 million to settle Canadian allegations they hid the risks of doing business with an Israeli man close to Congolese President Joseph Kabila, the...
Qatar is considering increasing its stake in Deutsche Bank , Handelsblatt reported on Sunday.
In June 2006, the U.S. Federal Reserve raised interest rates for a 17th consecutive time but cushioned the increase with a strong signal that officials were ready to stop the tightening cycle.
Germany's economy minister said he believed the Russian-backed Nord Stream 2 pipeline can go ahead while preserving Ukraine's vital interests, but that Berlin is also in talks to diversify its energy supply with liquefied natural gas.
Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela's state-run PDVSA, local media said on Saturday.