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News & Updates

May 18, 2015 U.S. Gasoline Prices Climb to Highest Level Since November

Source: Bloomberg

The average price of regular gasoline at U.S. pumps rose 21.75 cents to $2.7973 a gallon in the three weeks ended May 15, according to Lundberg Survey Inc., a Camarillo, California-based company that bases its prices on...

May 18, 2015 Greece Remains Defiant as It Seeks Creditor Deal This Week

Source: Bloomberg

Greece’s government said it won’t back down on election pledges to end austerity even while seeking to agree on a deal with creditors as soon as this week to unblock financing and avert a default.

May 14, 2015 Oil eases on economic worries, U.S. output uncertainty

Source: Reuters

Oil prices eased slightly on Thursday as weak data from the world's top economies raised concern about the outlook for global fuel demand. Uncertainty over the strength of any decline in U.S. oil output also weighed

May 13, 2015 Bank of England cuts UK growth forecast to 2.5 percent

Source: Washington Post

LONDON — The Bank of England is downgrading its forecast for the British economy’s growth this year from 2.9 percent to 2.5 percent.

May 13, 2015 China retail sales growth at nine-year low in April: Government

Source: The Economic Times

BEIJING: Retail sales growth in China fell to 10.0 percent in April, authorities in the world's second-largest economy said Wednesday, missing expectations and the lowest for nine years. Read more...

May 13, 2015 Oil extends gains after U.S. stockpiles drop for second week

Source: Reuters

Brent crude oil rose above $67 a barrel towards five-month highs on Wednesday after U.S. crude stockpiles fell for a second straight week, suggesting that the world's biggest oil market is rebalancing.

May 13, 2015 Bond Market Meltdown Deconstructed: Five Charts That Explain Why

Source: Bloomberg

More than $450 billion has been wiped out across global bond markets in the past few weeks and, for many people, there doesn't seem to be any particular reason why.

May 12, 2015 UK industrial sector boosted by higher oil, gas and manufacturing output

Source: The Guardian

Britain’s industrial sector bounced back to growth in March, helped by a resurgence in oil and gas production and strong manufacturing output.

May 12, 2015 Bank parents or main units seen pleading guilty over FX: sources

Source: Today

NEW YORK - The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates,...

May 12, 2015 George Osborne vows to reform EU as finance ministers meet - live updates

Source: The Guardian

British finance minister George Osborne insisted Tuesday that his recently re-elected Conservative government has a “very clear mandate” to push ahead with discussions to reform the European Union ahead of a planned referendum on...

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