Finance

ANZ admits ‘unconscionable conduct’ in bond trading, agrees to A$240 million penalty

ANZ admits ‘unconscionable conduct’ in bond trading, agrees to A$240 million penalty

(Reuters) -Australia’s ANZ Group admitted to “unconscionable conduct” in its bond trading services and agreed to pay A$240 million ($159.5 million) in penalties to resolve multi...

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American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures

American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures

Previously, we reported that U.S. oil production has maintained its upward trajectory in the current year even as oil prices have sunk to multi-year lows. According to data from the Energy Inform...

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This housing data is the ‘most critical economic variable’ for predicting recessions, and it’s now at the lowest level since pandemic shutdowns

This housing data is the ‘most critical economic variable’ for predicting recessions, and it’s now at the lowest level since pandemic shutdowns

The housing market is long been seen as an early warning sign for recessions, and one data point in particular has caught the attention of Moody’s Analytics chief economist Mark Zandi. In social m...

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Trump administration moves forward with push to fire Fed governor Lisa Cook

Trump administration moves forward with push to fire Fed governor Lisa Cook

President Donald Trump has moved to fire Federal Reserve governor Lisa Cook following accusations of mortgage fraud, in a continued push to control the central bank. – Drew Angerer/Getty...

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