Information about a possible collusion among German automakers have been reportedly received by the European Commission and the German cartel office and they are now studying the matter, according to a statement released Saturday.   “It is premature at this stage to speculate further,”...

Analysts say that just how tough their goal of stabilizing the world oil market has been would be showed when oil producers meet Monday as their alliance will look frayed.   Set up to oversee compliance of the deal struck by OPEC, Russia and others as an effort to boost world oil prices,...

On Wednesday, cybercriminals stole away 150,000 ether tokens that is worth around $30 million. Ether is a digital currency similar to bitcoin.   According to data from Etherscan. around 153,000 tokens were taken by hackers. From commerce platform Swarm City, 44,055 tokens were stolen....

As an initial dovish message by the European Central Bank (ECB) was quickly drowned out by talk of inflation and an end of asset purchases, President Mario Draghi's difficult task of calming markets was laid bare on Thursday afternoon.   Amid speculation that the bank will start to...

Four days of talks between their teams in Brussels EU's Michel Barnier and Brexit Secretary David Davis about negotiations on Britain’s withdrawal from the European Union was launched on Monday.   The Frenchman will press Davis to agree to Britain covering substantial British...

In Australia, as concerns about financial stability take center stage amid bubble risks in the nation's sizzling property market, the Australian government is seeking to broaden the powers of the country's prudential regulator to include non-bank lenders.   In the A$1.7 trillion...

As data has yet to match up with the homebuilder sector's biggest rally in five years, investors may have overbuilt U.S. housing stocks.   Hitting a record of a decade prices this week, the S&P 1500 Homebuilding index of homebuilder companies has surged 32 percent this year. In...

The possible use of artificial intelligence (AI) and machine-learning tools to enforce regulatory compliance is being looked into by the Financial Conduct Authority, an independent U.K. financial regulatory body.   Feedback from a "call for input" from regulatory technology (regtech) firms...

Global automakers say that the current proposals put forward by China with respect electric and hybrid cars are impossible to meet and would cause big disruption to their businesses and they have urged China to delay and soften the planned quotas for sales of those vehicles.   To protest...

The CEO of BP believes the market is currently balanced and production is meeting demand on a daily basis despite recent volatility in the price of oil.   "I think everyone uses the word balanced and they forget that it means different things to different people. To me, it means on a daily...

Amid nervousness in the cryprocurrency market, bitcoin has seen more than $12 billion wiped off its value in the last 30 days as it hit a near one-month low on Wednesday.   According to data from CoinDesk, noting its lowest level since June 15, when it slumped to $2,185.96, the price of...