With analysts noting that markets are "taking the Fed's tightening policy in their stride," demand for emerging-markets debt is so strong that Bloomberg reports one of Asia's poorest nations is mulling a debut dollar-bond sale... Papua New Guinea.
Source: BBC
On the heels of the melt-up in US mega-cap tech stocks, Amazon founder Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.
As Bloomberg reports, the 53-year-old founder of Amazon.com Inc. added $1.5 billion to his net worth on Wednesday, the day after the e-commerce giant announced it will buy Dubai-based online retailer Souq.com, and has added over $7 billion since the global equities rally began following the election of Donald Trump as U.S. president on Nov. 8.
Authored by Konstantin Richter via Politico.eu,
Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.)
Authored by Jim Quinn via The Burning Platform blog,
Authored by Tsvetana Paraskova via OilPrice.com,
The European Court of Justice, Europe’s top court, on Tuesday ruled that sanctions imposed by the UK and the EU on Russia’s oil giant Rosneft are valid, in a ruling that also asserts the court’s jurisdiction over the common policy of the European Union (EU).
The EU imposed sanctions on Russia in 2014 over Moscow’s annexation of Crimea, with economic sanctions slapped in July 2014 and reinforced in September 2014, including against certain Russian companies that include Rosneft.