U.S. ignored evidence major U.K. bank was helping fund sanctioned Iranian groups, whistleblower says

Recent documents submitted to a U.S. federal court allege that major British bank Standard Chartered helped finance sanctioned Iranian entities and terrorist groups, and that relevant evidence was ignored by American authorities. London-based Standard Chartered, which primarily serves clients in emerging markets, was previously punished with more than a combined $1.7 billion in fines after admitting in 2012 and 2019 […]

ConocoPhillips to buy Marathon Oil in $22.5 bln deal in latest energy merger

Top U.S. independent oil and gas producer ConocoPhillips (COP.N), opens new tab on Wednesday agreed to buy Marathon Oil (MRO.N), opens new tab for $22.5 billion, the latest in a series of mega-deals in the energy industry. The U.S. oil and gas industry has been riding a consolidation wave over the last two years as companies look to bolster […]

Goldman says US jobs market at inflection point, sticks to call for two rate cuts

The U.S. labor market is at a key juncture, with mixed signals that could impact the Federal Reserve’s approach to rate cuts, analysts at Goldman Sachs said in a Monday note. While the May employment report affirmed robust job creation, inconsistencies in labor market indicators point to potential challenges ahead. The analysts note that the […]

UBS: Rising trade tensions mean investor selectivity will be more important

UBS cautioned in a note Tuesday that rising trade tensions between the EU and China will demand greater investor selectivity. While some Chinese electric vehicle (EV) companies initially rallied on news of lower-band tariffs, UBS highlights the varying impact these tariffs will have. Companies hit with higher tariffs “could face a much higher threshold for […]