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| China's currency displacing the dollar in global oil trade? Don't count on it. On March 26, China launched crude oil futures contracts priced in renminbi (RMB) on the Shanghai International Energy Exchange. These contracts are the first RMB-denominated futures that foreigners can directly buy and sell. China is also taking steps to begin paying for some crude oil in RMB rather ...
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| Barclays CEO fined in whistleblowing probes UK regulators say they will fine Barclays chief executive Jes Staley after a probe into his efforts to uncover a whistleblower in 2016, but said he would not be banned over the affair. In the landmark decision, Barclays will avoid any sanctions by the Financial Conduct Authority and the Bank of England's ...
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| Bloomberg's Week in Pictures A South Korean soldier stands guard inside a United Nations Command Military Armistice Commission conference building at the truce village of Panmunjom in the Demilitarized Zone in Paju, South Korea, on April 18. U.S. President Donald Trump confirmed on Wednesday that he had dispatched CIA ...
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| Now NASDAQ gets in a tangle FTSE Russell had calculated the available free float of Longfin at 22 per cent, exceeding the 5 per cent required for its indexes, when in reality the number was closer to a diminutive 2 per cent. Because of this error, BlackRock and fellow passive investment providers had aimed to accumulate roughly 1.1 ...
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| Sir Martin Sorrell leaves WPP in a sorry state The man who helped turn a ramshackle but chic industry into a global force poached accounts mercilessly and often pitted his own firms against each other in the quest for clients. Not for nothing did the late David Ogilvy, one of the industry's founding patriarchs, reputedly describe him as an "odious little ...
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| China says had 'professional' encounter with Australian warships in South China Sea BEIJING/MELBOURNE (Reuters) - Chinese and Australian naval vessels had an "encounter" in the South China Sea this week, and China acted professionally and lawfully, its defense ministry said, rejecting reports China challenged Australian warships. The Australian Defence Department confirmed ...
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| New cache details in the Geocaching® app The days are getting longer and the sun a little brighter in the northern hemisphere — spring is in the air! We've been working hard this winter on a fresh new look for spring and are excited to show it off! Here's what's new and improved: A snazzy new look for cache details. We've simplified the design ...
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