Respect financial watchdog independence, UK lawmakers tell ministry

Respect financial watchdog independence, UK lawmakers tell ministry
The City of London financial district can be seen as people walk along the south side of the River Thames amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. REUTERS/Henry Nicholls/File Photo LONDON, July 6 (Reuters) - Britain's finance ministry should avoid crimping the independence of financial regulators by overloading them with… Read More

Top execs of HK financial firms can get quarantine exemption

Top execs of HK financial firms can get quarantine exemption
A woman takes pictures in front of high-rise buildings in the Central financial district after sunset in Hong Kong, China March 30, 2021. REUTERS/Lam YikHong Kong senior executives of financial companies and their overseas affiliates who are fully vaccinated can now apply for an exemption from the three-week compulsory quarantine, the markets watchdog saidA maximum… Read More

UK financial watchdog to protect home, motor insurance customers from ‘loyalty penalty’

UK financial watchdog to protect home, motor insurance customers from ‘loyalty penalty’
New residential homes are seen at a housing estate in Aylesbury, Britain, February 7, 2017. REUTERS/Eddie Keogh/File PhotoBritain's financial regulator said on Friday it will move to protect consumers from so-called "loyalty penalties" in motor and home insurance, potentially saving an estimated 4.2 billion pounds ($5.95 billion) over 10 years.The Financial Conduct Authority (FCA) said… Read More

Prudential Financial delivers big EPS beat in first quarter

Prudential Financial delivers big EPS beat in first quarter
Prudential Financial Inc (PRU.N) on Tuesday posted profits that topped analysts' estimates by nearly 50% for the first quarter, boosted by record results in its asset management and retirement business.The Newark, New Jersey-based insurer said adjusted earnings were a record $4.11 per share. That compares with the $2.76 average of analysts' estimates complied by Refinitiv.Adjusted… Read More

Harvey Damages Oil Refineries

Harvey Damages Oil Refineries
Ahead of the bell this morning on the first trading day of a new week, all port of Houston facilities remain closed following Hurricane Harvey slamming the Southeastern coast of Texas last Friday. Of all ports in the U.S., Houston’s ranks #1 in foreign tonnage, especially in oil and gasoline exports. Much of metropolitan Houston remains under water, with more... Read More

A Lesson for Traders from the Dollar's Crazy Reaction to North Korea's Missile Launch

A Lesson for Traders from the Dollar's Crazy Reaction to North Korea's Missile Launch
Punditry is about having instant opinions on everything. In an age when information can be accessed immediately, people are looking for an instant reaction to news and data as well. Sometimes, however, a considered response is far more useful. The simple phrase “I don’t know” is anathema to most who write for the internet but is, at times, the only... Read More