Oil producers and financial markets in the country need to develop and use more sophisticated products to retain its top slot in a volatile era.
Rousseff loses impeachment vote; Morgan Stanley profits off sharply but beat estimates; 7.8 earthquake shakes Ecuador.
Economics of shale production and OPEC rivalries limit crude’s upside, and increase prospects for volatility.
Welcome to the weekend everybody. Here are the top stories from the past week for your reading enjoyment.
China scholar Adam Segal’s latest book delves into the geopolitical and economic implications of cross-border cyberattacks.
Euro zone ekes out growth in volatile market; ceasefire in Syria stirs skepticism; AIG names Paulson and an Icahn nominee to the board; Dems debate again.
The Gulf island kingdom needs to strengthen its ties between the feuding neighbors if it is going to gain back traction as a financial center.
Chinese policy makers intervene after equity correction; another major hedge fund closes; oil futures give up gains as tensions simmer between Saudi Arabia and Iran.
Tensions between Saudi Arabia and Iran push oil futures higher; talk of another pharma megamerger emerges.
U.S. oil futures reach lowest price since 2009; GE sells Japan finance unit; El Nino sends warm weather across U.S.