Why oil prices went down so far so fast

The reasons oil prices started sliding in June were hiding in plain sight: growth in U.S. production, sputtering demand from Europe and China, Mideast violence that threatened to disrupt supplies and never did.

New York’s Lawsky wants Senior BNP Execs fired in Probe

By Karen Freifeld NEW YORK (Reuters) – New York state’s top banking regulator, Benjamin Lawsky, is asking BNP Paribas SA to fire some senior executives as part of a settlement of allegations that the French bank violated U.S. sanctions, two sources familiar with the matter said on Saturday. Lawsky has demanded that more than a … Read more

Ghana names Barclays, StanChart and Deutsche Bank as Eurobond advisors

ACCRA (Reuters) – Ghana named Barclays Plc, Deutsche Bank and Standard Chartered Plc as transaction advisers for its 2014 Eurobond of up to $1.5 billion, the finance ministry said on Friday. “Although the transaction team is expected to start work immediately on the preparatory activities, government will continue to monitor the market for a suitable … Read more