Riding on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production, Oil prices extended gains for a second session running on Friday.   Seeking the help from non-OPEC oil producing countries in curbing a global glut, the Organization of the...

In a move that is likely to enrage eurosceptics who want to break away from the bloc's legal system as soon as possible, large banks in Britain want the UK government to allow their industry to remain subject to EU laws for up to five years after Brexit.   News agency Reuters reported that...

Digital Asset Holdings has developed a platform to allow traders to use blockchain technology without giving out confidential information on their trades, announced the  blockchain startup that is backed by some of the world’s largest banks.   According to a report issued by the...

Just days ahead of the all-important December meeting of the European Central Bank at which the bank's president is set to reveal the future of its bond-buying program, for Mario Draghi, the timing of Italian referendum and its outcome could not have come at a worse time.   Inflation...

Government of Mexico has received $ 2.65 billion of income from oil price hedging, done earlier to protect the budget from falling commodity prices, the country's Ministry of Finance reported. This year, the government insured the price of oil at $ 49 per barrel for the amount of 212 million...

Bank of Japan did not shift the focus from expansion of the monetary base on the way to achieving inflation target, Deputy Governor of the Bank of Japan Kikuo Iwata said. The controller will continue large-scale purchase of assets after transition to the new principles of monetary policy and...

JPMorgan Chase & Co., HSBC Holdings Plc and Credit Agricole SA have been fined a total of € 485.5 million ($ 521 million) for manipulations with the European Interbank Offered Rate EURIBOR. Prior to this, the EU antitrust regulators carried out a five-year investigation, Bloomberg reported. The...

While Euro's bond yields dipped in line with U.S. peers as oil saw its first fall for five days, the region held firm on Tuesday, having seen a wild 3-cent swing in the wake of Italy's referendum.   After Europe's main bourses struggled into positive territory as bumper German data helped...

In the wake of Italy's outright rejection of proposed constitutional reforms in Sunday night's referendum, expectations that the European Central Bank (ECB) will announce a six-month extension of its massive, trillion-euro bond-buying program on Thursday.   ECB is...