Tsipras halts privatization, throwing down gauntlet to Greece's creditors

Jan 29, 2015

Tsipras halts privatization, throwing down gauntlet to Greece's creditors

Left-wing Greek Prime Minister Alexis Tsipras launched an open challenge to international creditors on Wednesday by halting privatization plans agreed under the country’s bailout deal, prompting a third day of heavy losses on financial markets. A swift series of announcements signaled the newly installed ...

Got a spare billion? Bankers keen to help

Jan 26, 2015

Got a spare billion? Bankers keen to help

The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganizing teams to cater to wealthy clans, from Chinese multimillionaires to old ...

Jan 16, 2015

Casualties from Swiss shock spread from New York to New Zealand

Casualties mounted from the Swiss currency shock as a U.S. online brokerage said client debts threatened to push it out of compliance with capital rules and a New Zealand-based dealer went out of business. FXCM Inc., a New York-based company that offers foreign exchange ...

What led to the current oil glut?

Jan 15, 2015

What led to the current oil glut?

The world burns enough oil-derived fuels to drain an Olympic-size swimming pool four times every minute. Global consumption has never been higher — and it is rising. Yet the price of a barrel of oil has fallen by more than half over the past ...

Japan-funded bridges appear on new Cambodian money

Jan 14, 2015

Japan-funded bridges appear on new Cambodian money

Prime Minister Hun Sen said Wednesday that Cambodia has issued new 500 riel bank notes (about ¥14) bearing images of two bridges donated by Japan. Hun Sen made the announcement at a ceremony to connect parts of one of the bridges across the Mekong ...

Jan 8, 2015

Shell, villagers agree to $83.5 million for huge oil spilll

Oil giant Shell has agreed to pay a Nigerian fishing community £55 million (about $83.5 million) for the worst oil spill in Nigeria, an unprecedented settlement that experts say could open a floodgate of litigation there and abroad. Wednesday’s agreement ends a three-year legal ...