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South Africa Plans OTC Derivatives Market Shakeup to Curb Risk

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South Africa’s financial watchdog is preparing new rules for the over-the-counter derivatives market that will require certain products to be cleared by a central counterparty to improve transparency and reduce risk.



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Funding & Business

Ukraine Says Its Drone Struck Bashneft’s Novoil Refinery in Ufa

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Ukraine’s military intelligence unit struck the Bashneft PJSC Novoil oil refinery in Ufa, Bashkortostan, on Saturday, according to a person familiar with the operation.



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Funding & Business

Tricolor Considered Restructuring Before Its Sudden Demise

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While signs of distress at the subprime lender were largely unknown until this week, the company considered a Chapter 11 filing in August



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Funding & Business

Stock-Market Rally Is Built on Narrative That’s Loaded With Risk

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Bullish sentiment toward stocks is rampant in the US, as one Wall Street strategist after another raises their target for an S&P 500 Index that is repeatedly setting new records.



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