Oil at six-week high on Iran worries
Crude-oil futures trade higher, shaking off the previous session's losses and weak early trading to gain on a flare-up of geopolitical concerns about Iran. See full story.
U.S. stocks get lift from factory orders
U.S. stocks add to modest gains Tuesday after a report shows a surprisingly strong rise in factory orders in May. See full story.
'Period of remorse' catches up to Diamond
Contrition wasn't enough to save Barclays CEO Robert Diamond's job, and bankers may soon find the 'period for remorse' is just getting started. See full story.
IMF urges U.S. lawmakers to remove 'fiscal cliff'
U.S. lawmakers must remove the uncertainty created by the fiscal cliff, the IMF staff warned in a report released on Tuesday. If current U.S. budget policy is unchanged, the U.S. recovery and the global economy would be at risk. See full story.
Dealing with a double whammy in China: Andy Xie
In the past decade, China gained Western jobs and exports markets, but the loss of both means that serious systemic flaws are being laid bare, Caixin Online reports. See full story.
The major German concessions at the euro summit are unlikely to enter into force, writes David Marsh. The compromises announced on Friday between creditors and debtors will fall apart because they are mutually contradictory. See full story.
It's a situation that seems to defy supply-and-demand logic: If there's more demand in the housing market, wouldn't the cost of borrowing funds to buy a home be significantly on the rise? See full story.