The London Metal Exchange contributed to last year’s nickel crisis by removing trading curbs just as prices spiked up in a massive short squeeze, according to the two firms suing the LME over its decision to cancel billions of dollars of trades a few hours later.
A world-beating rally in Chinese tech stocks this month is shoring up confidence that the once-beleaguered sector may finally see its fortunes reverse.
UBS Group AG faces hundreds of millions of dollars in regulatory fines over Credit Suisse Group AG’s dealings with Archegos Capital, as the Swiss bank inherits its former rival’s entire litigation portfolio, according to a person familiar with the matter.
Seaborne crude exports are still well above levels seen in February, the baseline month for cuts
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Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on track.
(Bloomberg) — European Central Bank Governing Council member Olli Rehn warned that underlying price gains, which officials are using as a guide for how high to raise interest rates, aren’t easing as quickly as headline inflation.
The cost for banks to borrow Hong Kong dollars from each other for a month rose to the highest level since 2007 after prolonged currency intervention shrank the city’s liquidity pool and demand for cash climbed toward quarter-end.
Estonia’s parliament approved same-sex marriage, overcoming opposition led by the far-right to make the Baltic nation the first former Soviet republic to legalize such partnerships.
Pakistan failed in its first attempt in about a year to buy liquefied natural gas from the spot market, with no suppliers of the power-station fuel offering cargoes.
