Oil rallies briefly after Iran seizes cargo ship
Oil prices turned positive on Tuesday after reports that Iran had seized an U.S. cargo vessel raised geopolitical tensions and concerns about the security of Middle East crude shipments.
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US home prices accelerated in February as sales rise
U.S. home prices climbed at a faster pace in February than the previous month, driven by higher sales and a limited supply of available houses. The Standard & Poor’s/Case-Shiller 20-city home price index …
SEC to Investigate BofA Over Customer-Protection Rules: WSJ
Bank of America Corp. is being investigated by the Securities and Exchange Commission over whether it broke rules designed to safeguard customer accounts, according to a person with knowledge of the probe. Investigators are examining a variety of large, complex trades and loans over a three-year period intended to save on funding costs and free up billions of dollars in cash and securities for trading that the firm otherwise would
Nepal says earthquake rebuilding cost to exceed $10 billion
The cost to rebuild Nepal after its most devastating earthquake in eight decades will exceed $10 billion and take years, Finance Minister Ram S. Mahat said. “We have reason to believe that there are survivors in the rubble but we don’t have equipment to deal with the situation,” Mahat said at his office in the capital of Kathmandu. His reconstruction estimate is equivalent to about half of Nepal’s $20 billion
What record-high margin debt means for stocks
Even as stocks dipped a bit in March, margin debt rose to an all-time high. But here’s why traders aren’t worrying.
Eurogroup's Dijsselbloem says Greece will not make it without aid
The head of the Eurogroup said on Tuesday that a recent shakeup of Greek Prime Minister Alexis Tsipras’ negotiating team would not by itself resolve the impasse between Greece and its creditors, and Athens would need new loans to stay afloat. “Without further loans, Greece won’t make it, that’s the reality,” said Jeroen Dijsselbloem, the Dutchman who heads the group of finance ministers of countries that use the euro. Dijsselbloem
Ford first-quarter profit misses expectations, 2015 profit outlook affirmed
Ford Motor Co (F.N) reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America. The company raised its forecast for North American operating margin to 8.5 percent to 9.5 percent from 8 percent to 9 percent as the F-150 launch goes better than expected, but Ford
Putin says Russia over worst of economic downturn
Russian President Vladimir Putin says his country’s economy has weathered the worst effects of its downturn even though it appears headed for a deep recession. In comments reported Tuesday by state news …
"We're looking" at HQ issues, Standard Chartered says
Asia-focused bank Standard Chartered (STAN.L) said the location of its headquarters is under constant review and a big increase in a tax on banks in Britain meant it was watching the situation closely. “At the moment it’s something we’re watching, we’re looking at, we’re thinking about, but at this point in time there’s no change in our position,” Andy Halford, Standard Chartered’s finance director, said. “Clearly the increase in the
Does Nick Jonas Regret Dating Miley Cyrus?
Nick Jonas has come a long way from his Jonas Brothers persona. Whether he’s posing in his underwear Marky Mark style or belting out hit songs such as “Jealous,” the former…