Commodities: More Pain Ahead in 2015
The sharp drop in oil and rise in the dollar are harbingers of weakness for the asset class, experts say.
Netherlands' Woes Stack Up
The sixth largest economy in the eurozone has had its share of woes, though it hasn't fared as poorly as some of its neighbors.
Chocolate Traders See Sweet Opportunities as Global Prices Rise
A shortage in cocoa beans and a growing world taste for premium chocolates are driving the price of chocolate higher.
New Hire Roundup: Marvin Davis Goes to Edelman Financial Services
Also this week, Michele Buck was elected to the board at New York Life, and Lisa Parry Howard and Kathleen Parsons joined New York Private Trust Co.
Global Stocks Drop as U.S. Fiscal Cliff Deal Fails
Without an agreement, the U.S. economy will fall off the so-called fiscal cliff on Jan. 1 when Bush-era tax cuts expire and spending cuts kick in automatically.
Greece Gets Two More Years to Hit Deficit Targets
International Monetary Fund Director Christine Lagarde protested the extension of the deadline for Greece to cut its debt to a “sustainable” level to 2022, saying that the target date “has to be 2020.”
Cocoa Shortage Boosts Prices on Record Demand
West African supply is down for first time in three years as grinders increase output.
LIBOR Case Subpoenas Expand to 16 Banks
Now the list of subpoenaed banks has expanded to a total of 16, including Société Générale and Royal Bank of Canada (RBC), and more attorneys general are coming in on the investigation.
Swiss Bank Baer Seen Close to Deal for Merrill Non-U.S. Wealth Units
Swiss money manager Julius Baer Group was reported to be close to a deal to buy the units that could be announced as early as Monday.
BoE Governor Pushed for Barclays Chief’s Ouster
The British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.