Murban crude futures start trading at new ICE, Abu Dhabi exchange

The contract was priced at $63.93 per barrel as of 0100 GMT with 2,132 lots traded, ICE said on Twitter. Each lot is 1,000 barrels. Abu Dhabi-based IFAD is backed by the Intercontinental Exchange Inc, Abu Dhabi National Oil Co (ADNOC) and partners including international oil majors. In this article BP.-GB FP-FR RDSA-GB The Murban crude futures contract launched on […]

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China’s government bonds are in a ‘sweet spot' after sell off, says portfolio manager

China's government bonds are in a "sweet spot" after last year's sell-off, said Wilfred Wee, portfolio manager at Ninety One. Chinese 10-year government bond yields have settled at around 3.2%-3.3% in the last few weeks. In contrast, the 10-year U.S. Treasury yield has hovered around 1.65%-1.75% even with the recent climb. China's fiscaland monetary "prudence" adds to the attractiveness of […]

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China-listed stocks tank on fears of multiple disputes with U.S.

A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It's one of several snags that is popping up between U.S. and China investors. China stocks have been in correction mode for several weeks, but the new rule is exacerbating the rout, particularly […]

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Nike faces social media storm in China over Xinjiang statement

Fox Business Flash top headlines for March 24 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Anger with Nike Inc erupted on Chinese social media late on Wednesday after China's netizens spotted a statement from the sporting goods giant saying it was "concerned" about reports of forced labour in Xinjiang and that it does not use cotton […]

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The future of AMP’s boss remains under a cloud

Corporate theatre doesn’t get much more bizarre. Just over two years ago AMP imported a troubleshooting chief executive, Francesco De Ferrari, to rescue the 170-year-old financial institution. On Thursday afternoon he was reportedly negotiating his own escape plan. By 6.30 pm on Thursday evening, AMP released a one-liner saying he was still employed. Investors must be on tenterhooks waiting for […]

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Stock futures rise as pressure on tech stocks pauses

Futures contracts tied to the major U.S. stock indexes rose in the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow futures rose 80 points, while contracts tied to the S&P 500 rose 0.2%. Futures tied to the Nasdaq 100 climbed by a similar amount. The overnight moves came […]

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BetterUp CEO explains Prince Harry's role at the tech startup

New York (CNN Business)Prince Harry has found a new gig: The Duke of Sussex joined a startup called BetterUp as chief impact officer, which provides mental health services and coaching to clients online. The job announcement came weeks after he and wife Meghan Markle’s bombshell interview with Oprah Winfrey, in which they spoke on the mental health struggles that came […]

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Westpac mulls potential $10b Kiwi spin-off

Westpac is considering a spin-off of its New Zealand bank in response to the country’s tougher capital requirements, a move that could create a separate business worth more than $10 billion. As chief executive Peter King looks to simplify the country’s oldest lender, Westpac on Wednesday said it would assess whether a demerger of the Kiwi operations made sense for […]

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