Oil Benchmark Revamp Sees Surge in Trading of Opaque Swaps
By Alex Longley (Bloomberg) — A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North...
The Super Shuttle Ferry 7 floats on its side after it capsized in strong winds and huge waves unleashed by Typhoon Kalmaegi, locally named Luis, in Manila Bay September 15, 2014. All 15 crew of the ferry were rescued. A strong typhoon slammed into the rice-producing Philippine northern region on Sunday, cutting power and communications lines and forcing people to flee to higher ground, national disaster agency officials said. REUTERS/Romeo Ranoco (PHILIPPINES – Tags: DISASTER ENVIRONMENT MARITIME)
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