Political operative and father of four Daniel Conway has already staked his future on the legalization of recreational marijuana in California even though there is no guarantee that California will vote to legalize it in November.   According to a recent Reuters report, Conway is helping to...

To make arrangements for the first international bond sale, Saudi Arabia appointed JPMorgan Chase & Co., HSBC Holdings Plc and Citigroup Inc., says several media sources quoting people with knowledge of the matter.   According to the people, who asked not to be identified as the...

Gaining exclusive information from a private poll conducted ahead of the vote on the U.K.’s referendum on membership of the European Union, hedge-fund manager Crispin Odey gained more than 15 percent in his flagship hedge fund on Friday.   Various market sources in London were quoted in the...

Expectations of a spike in firearm sales led to the shares of U.S. firearm makers surging following wide spread and renewed fears of tighter gun control after the deadliest mass shooting in U.S. history in Orlando. While the sale of Sturm Ruger & Co Inc  jumped 10.7 percent, the sale of...

Weighed down by a weak start to the session in Europe and political concerns that sent Germany's 10-year government bond yield to a record low, world stocks struggled to build on six-week highs after mixed Chinese data.   After two days of gains pushed the pan-European FTSEurofirst 300 index...

Claiming that in recent months, there has been a raise in concerns due to a more complex regulatory environment in China, senior U.S. officials pressed China again on Tuesday to reduce barriers for foreign businesses.   Following the roll-out of a national security law limiting the use of...

The office real estate market in Singapore has been in recent times gripped by worries about oversupply and rising vacancies. Amidst this the announcement of BlackRock Inc about the sale of a 43-storey Singapore office tower for $2.5 billion - one of at least three office building deals in the last...

US Fed records show that the agency had detected many cases of internal espionage in more than 50 cases of cyber breaches between 2011 and 2015.   Reuters reported that in many of the incidents, the central bank's staff suspected hackers or spies, the records show. The Fed's computer systems...

US’s top banking regulators have been asked to note that the recent hacks of international banks through the SWIFT messaging system raise serious questions about cyber-related risks to U.S. firms by the Representative Carolyn Maloney in a letter that Maloney wrote on Monday regulators who had asked...

While most of the metals have lost their luster   during the commodity slump, there’s at least one metal that’s been attracting a lot of attention.   A metal - Niobium used to produce stronger, lighter steel for industrial pipes and aircraft parts, is mined in only three places on...

There is pace in the great gold rush of 2016. With investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide, holdings in exchange-traded funds have now surged by a quarter.   After bottoming at a...