Oil is having a really bad day

Oil is having a really bad day

LONDON — Oil prices fell today as the dollar remained near a four-month high, but worries that U.S. President Donald Trump will pull out of the Iran nuclear deal underpinned the market. U.S. West Texas Intermediate crude for June delivery was US$1.22 cents down at $67.35 a barrel, after settling 47 cents higher on Monday.…

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Where will the next crisis occur?

Where will the next crisis occur?

INTEREST rates are heading higher and that is likely to put financial markets under strain. Investors and regulators would both dearly love to know where the next crisis will come from. What is the most likely culprit? Financial crises tend to involve one or more of these three ingredients: excessive borrowing, concentrated bets, and a…

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