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Asia markets climb on Greece hopes, Shanghai sinks again

published about 5 hours ago
Asia markets climb on Greece hopes, Shanghai sinks again
Asian markets tracked global stocks higher Thursday on hopes for a deal to keep Greece in the eurozone as the country prepares for a crucial weekend referendum, but Shanghai tumbled again despite authorities relaxing trading rules to temper recent volatility. Buying was also supported by a healthy pick-up on Wall Street that came after another strong batch of US data suggesting the world's top economy is on the recovery path.

SEC Proposes Broadened Corporate 'Clawback' Rules

published about 6 hours ago
U.S. securities regulators voted 3-2 to propose rules requiring public companies to “claw back” top executives’ incentive pay if the firms’ financial statements later were found to contain errors.

Fannie, Freddie CEOs to Get $3.4 Million Raises

published about 7 hours ago
The chief executives of government-controlled mortgage-finance firms Fannie Mae and Freddie Mac will get multimillion-dollar paydays thanks to a massive raise approved by the companies’ regulator.

Oil Prices Hit Two-Month Low

published about 8 hours ago
Oil prices skidded to their lowest level in two months Wednesday in a selloff spurred by a supply glut that just won’t quit.

First Reserve's Funds Pitch South

published about 10 hours ago
The private-equity firm’s two biggest buyout funds are in the red, a result of the steep drop in oil prices and ill-fated investments in energy companies.