Knight Capital Weighing Legal Options In Facebook Losses
The top executive of Knight Capital Group Inc. (KCG) said the trading firm continues to weigh its legal options after it lost $35.4 million due to Nasdaq OMX Group Inc.'s (NDAQ) bungling of the Facebook Inc. (FB) initial public offering.
Saudi Crude Exports Inch Up in May
Crude oil exports of top oil exporter Saudi Arabia rose to 7.668 million barrels a day in May, from 7.583 million barrels a day a month earlier, despite a drop in the kingdom's output, official data showed Wednesday Oil production in the Arab world's largest economy fell in May to 9.807 million
IMF Urges Immediate Move to Euro-Area Banking Union
In its most prescriptive recommendations to date, the International Monetary Fund urged euro-area policymakers Wednesday to act immediately to stem the relentless spread of the debt crisis across the currency bloc.
U.K. Eyes Guarantees to Kick-Start Infrastructure Projects
U.K. Chancellor of the Exchequer George Osborne will announce Wednesday his latest plans to stimulate the recession-hit U.K. economy that will see government guarantees provided on around GBP50 billion ($78 billion) of private investment in infrastructure projects and exports.