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By Joseph Ciolli, Bloomberg |
August 8, 2012
The euro weakened against its most-traded counterparts as a drop in German industrial production, lower U.K. growth forecasts and ratings cuts for Spain and Italy raised concern Europe’s sovereign-debt crisis is worsening.
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By Jennifer Ryan and Scott Hamilton, Bloomberg |
August 8, 2012
Bank of England Governor Mervyn King signaled continued support for Prime Minister David Cameron’s budget squeeze as he cut forecasts for economic growth and said Britain’s recovery will be a “slow process.”
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By Mark Shenk, Bloomberg |
July 25, 2012
Oil declined after an Energy Department report showed U.S. stockpiles unexpectedly climbed as production surged to the highest level in 13 years.
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By Howard Mustoe, Bloomberg |
July 2, 2012
Barclays Plc Chairman Marcus Agius resigned after the bank was fined a record $455 million for trying to rig interest rates.
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By Kitty Donaldson and Robert Hutton, Bloomberg |
June 28, 2012
Barclays Plc Chief Executive Officer Robert Diamond was urged by U.K. Prime Minister David Cameron to show accountability after the bank was fined $451 million for attempting to manipulate the inter-bank lending rate, known as Libor.
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By Simon Kennedy, Bloomberg |
May 3, 2012
Europe’s shifting emphasis from enforcing austerity to seeking economic growth marks a hollow victory for Nobel laureate Paul Krugman.
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By Ayesha Daya and Gregory Viscusi, Bloomberg |
March 29, 2012
France said governments are moving closer to an agreement on a release of oil from emergency stockpiles to stem gains in crude that have driven prices to the highest levels in three years.
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By Phil Flynn |
March 16, 2012
It seems oil prices went on a wild ride after a wee bit of blarney sent oil falling faster than the sun going down on Galway Bay.
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By Phil Flynn |
March 15, 2012
Beware the Ides of March and be aware of the drop in distillate inventories in this week’s oil inventory report. Even Julius Caesar himself might have reason to be concerned about Europe and their cold winter.
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By Robert Hutton and Kate Andersen Brower, Bloomberg |
March 15, 2012
President Barack Obama discussed a release of oil from the U.S. strategic reserve during his meeting in Washington yesterday with U.K. Prime Minister David Cameron.
