Contagion jitters for HK, Naspers in China share rout, prices now down 27%
Another 3% drop overnight takes the Chinese stock market to its biggest fall in 23 years and heightens worries losses will spread to the Hong Kong Exchange.
Another 3% drop overnight takes the Chinese stock market to its biggest fall in 23 years and heightens worries losses will spread to the Hong Kong Exchange.
The JSE’s Banking Index has given up 13% since late April, pushed by Competition Commission investigation into apparent wide-scale rigging of forex markets.
Speculators boosted their net-long position in West Texas Intermediate crude by 14 percent. Short bets contracted by 15 percent as long wagers expanded 4 percent.
The days when OPEC members could almost guarantee consensus when deciding production levels for oil are long gone, according to a veteran of almost two decades of the group’s meetings.
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