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By Phil Flynn |
April 10, 2013
Oil prices fluctuated yesterday on lots of news and lots of supply. An earthquake in Iran gave oil a pop, but after the close the American Petroleum Institute reported a whopping 5.1 million build in crude oil supply.
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By Justin Pugsley |
March 26, 2013
The U.S. dollar increasingly looks like an island of tranquility surrounded by a sea of global instability and uncertainty with the Eurozone once again in turmoil and with concerns over Asia and the Middle East.
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By Dominick Chirichella |
February 27, 2013
All of the normal macroeconomic data is playing a secondary role as the oil markets move in sync on each new 30 second news snippets regarding Italy, Bernanke, and the sequester.
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By Phil Flynn |
February 8, 2013
The Brent-WTI spread continued to widen due in part to the growing U.S. oil glut but also because of an increase in the geo-political risk trade. Iran dashed hopes that there might actually be progress with the Iranian nuclear soap opera.
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By Mark Shenk, Bloomberg |
February 4, 2013
Oil tumbled the most in two months after equities dropped on political turmoil in Europe and as Middle East tensions eased on the prospect of renewed talks between Western countries and Iran.
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By Michael McFarlin |
January 18, 2013
Comedy Central's Stephen Colbert recently discussed HSBC's admission to laundering money and violating international banking sanctions. One thing that has become clear is that not only are these mega-banks too-big-to-fail, but they also are too-big-to-prosecute.
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By Howard Mustoe, Bloomberg |
December 11, 2012
HSBC Holdings Plc, Europe’s largest bank, agreed to pay $1.92 billion to settle U.S. probes of money laundering in the largest such accord ever.
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By Howard Mustoe, Bloomberg |
December 10, 2012
Standard Chartered Plc, Britain’s second-largest bank by value, agreed to pay $327 million of fines relating to transactions with Iranian clients that may have violated U.S. sanctions.
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By Howard Mustoe and Gavin Finch, Bloomberg |
November 5, 2012
HSBC Holdings Plc said it’s likely to face criminal charges from U.S. anti-money laundering probes and the cost of a settlement may “significantly” exceed the $1.5 billion the bank has set aside.
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By Phil Flynn |
October 22, 2012
We saw many get hit as commodity fund long positions sank to a 12-week low. Oil prices got hit off fears that China was slowing and Europe would not get its act together.
