The bubble’s deflation shows China’s reputation for omnipotence in economic matters is hardly unassailable.
U.S. regulators are sounding the alarm about banks’ exposure to oil and gas producers, a move that could limit their ability to lend to companies battered by a yearlong slump in prices.
‘Expectations have kind of run away,’ says new Credit Suisse CEO Tidjane Thiam, as he plays down optimism he can quickly lift the Swiss bank out of its recent malaise.
China has decided to suspend new stock sales and, in a first, establish a market-stabilization fund aimed at fighting off the worst equities selloff in years.
Malaysia’s attorney general said a probe into a troubled state investment fund has uncovered documents related to allegations that money was transferred into the personal bank accounts of Prime Minister Najib Razak.
The return of the El Niño weather phenomenon is forcing agricultural commodity players to prepare for low crop yields and heightened price volatility.
Hedge funds managers with exposure to Greek stocks and warrants face an uncertain wait ahead of Sunday’s referendum, after being unable to get their money back or easily value their funds this week.
The iron-ore market is discovering why the archenemy of high commodity prices is, well, high commodity prices.
Away from Greece, the eurozone, and Germany in particular, is enjoying the benefit of ultra-low bond yields.
Government plans to sell Lloyds shares to the public will mean financial gains for a lucky few but political insurance for the bank.