ECB’s Schnabel Says July Cut Doesn’t Look Warranted
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.
Central bank intervention this week failed to stop slide in Nigeria’s naira to a two-month low ahead of a rate decision Monday.
Chevron Corp.’s $53 billion deal to buy Hess Corp. received a nod of support from a major proxy advisory firm that said shareholders should vote in favor of it.
Gold’s record-setting rally may have captured the headlines this year, but it’s silver that’s running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.
Iraq halted contracts to import diesel after the upgrade of some refineries helped bolster local output, putting the country on track for fuel self sufficiency.
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