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Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co (MC.N) as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board...
Argentina’s debt crisis is causing the world’s biggest stock gains as investors buy equities to protect themselves against peso devaluation and soaring inflation...
On Tuesday the greenback rose to a more than one-year high against a basket of other major currencies, while the euro remained pressured amid growing expectations that the European Central Bank will announce additional easing measures...
• FTSE 100 up 0.1% to 6,825...
The Australian dollar dipped below US93¢ for the first time in a week, dropping after a weakening yen and as the Reserve Bank of Australia (RBA) continued its mild jawboning of the currency...
Starting in 2016, the European Union plans to introduce Solvency II. The rules specify how much capital firms must hold to meet future obligations and to safeguard customers’ money. Analysts are afraid the new rule might hurt insurers in Europe as long-term investors, since they manage about 8...
The global Sukuk industry possesses a huge growth potential in the Gulf Cooperation Council (GCC) region and is expected to be one of the fastest growing segments of the Islamic finance industry...
Samsung Group will merge its shipbuilding and engineering units as South Korea’s largest conglomerate prepares for possible succession...