It was 95 degrees Fahrenheit outside the Los Cabos conference center as President Barack Obama and fellow Group of 20 leaders pressed Chancellor Angela Merkel to take the heat out of the crisis-wracked euro area.
The Middle East’s challenges are too complicated for the U.S. to address alone, a top Chinese envoy said today, as the government seeks greater influence in a region that’s the source of 50 percent of its oil imports.
North America reclaimed the top spot with the most millionaires last year, beating Asia as the world’s ultra-rich pushed global wealth to a record high, according to a report by Cap Gemini SA and Royal Bank of Canada.
Paul Hastings LLP said Douglas Flaum has joined the firm as a partner in New York. He was previously at Fried, Frank, Harris, Shriver & Jacobson LLP, where he was head of the securities and shareholder litigation practice.
Muamar Orabi can tell Secretary of State John Kerry how hard it is to make progress in the Holy Land. The top U.S. diplomat has been pushing since February to restart Israeli-Palestinian peace talks. Orabi is just trying to broadcast news reports in the Palestinian territories.
Talks between the presidents of Vietnam and China, their first meeting since China’s leadership change, will focus on bolstering economic ties even as tensions rise over disputed territory in the South China Sea.
West Texas Intermediate crude climbed to a nine-month high as the Syrian conflict bolstered concern that the flow of supplies from the Middle East may be disrupted and on signs that economic growth is accelerating.
Nigeria, Pakistan and Kazakhstan don't top many traveler bucket lists. Sending money there's another story: The MSCI Frontier 100 Index is up 14 percent this year and assets in exchange-traded funds that specialize in such "frontier markets" have risen 52 percent to $820 million. By contrast, nearly $10 billion has flowed out of emerging market ETFs this year, and the MSCI Emerging Markets Index is down 8.1 percent.