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U.S. markets news

Puerto Rico in default on massive debt
Debt-ravaged Puerto Rico is in default after forking over only a fraction due in a bond payment, raising the prospect of further pain for the recession-plagued commonwealth and potential impacts on U.S.
Puerto Rico defaults on debt repayment in first for a US commonwealth  The Guardian
UPDATE 4-Puerto Rico makes only partial bond payment; broader defaults possible  Reuters
ABC News  
Greek market hits the wall, banking stocks lead the plunge
ATHENS: Greeces stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that's crippled the economy and pushed the country's euro membership to the brink.
Euro slips after sell-off  Independent Online
Greek stock market falls 16% after hectic first day of trading  Irish Times
If You Shoot Big Game in Africa, Neither Delta Nor United Will Ship Parts of ...
The international indignation ignited by the death of Cecil the Lion in Zimbabwe last month is persuading some airlines to consider their policy on the shipment of big-game carcases and body parts (known in hunting parlance as “trophies”).
UPDATE 2-Delta bans shipments of trophies of lions, other big game  Reuters
Delta Air Lines bans freight shipments of lion hunting trophies  Washington Post
Hayes Conviction May Redeem U.K. Prosecutor After Botched Cases
U.K. Serious Fraud Office Director David Green may have let out a sigh of relief Monday, as the conviction of Tom Hayes offered some welcome news for the embattled agency.
Trader gets 14-year jail in Libor rigging case  DAWN.com
'Fugitive' ex-UBS trader cannot escape case over Libor: US District ...  Economic Times
Oil Prices Claw Up From Four-Month Lows
HONG KONG--Oil prices clawed up Tuesday from four-month lows the previous day, though looming new supply from Iran kept a lid on gains.
Here is how nuclear deal will benefit Iran after January 2016  Economic Times
Oil supply glut looms as Iran promises to add to saturated market  The Australian
Chief executive plays down HSBC's pivot to Asia strategy
The bank's chief executive talked enthusiastically about how it would redeploy some $200bn of balance sheet capacity into faster growing markets in Asia and the Pearl River Delta region of southern China in particular.
Hit by poor results, HSBC quits Brazil in $5.2bn deal  RT
'World's nicest boss' falls on hard times and rents out home to make ends meet
The chief executive of an American credit card company is counting the cost of his decision to set a minimum wage of $70,000 (€64,000) for all of his 120 employees.
239 Years Ago, Adam Smith Predicted Fury of Seattle Business at CEO Who Pays ...  The Intercept - First Look Media
CEO who set $70000 minimum wage facing hardships  Rapid News Network
EconomyRBA leaves rates on hold, looks happier with AUD
The Reserve Bank of Australia left interest rates on hold at a record low 2 per cent, but it's new take on the Australian dollar sent the currency higher.
Australia Holds Rates, Omits Reference to Need for Currency Drop  Bloomberg
RBA keeps cash rate at 2 per cent  Sydney Morning Herald
German car makers buy map service from Nokia
FRANKFURT - German car makers BMW, Audi and Mercedes will pay about €2.5bn to buy Nokia's maps business, beating out hi-tech rivals for location services seen as key to the future of self-driving cars.
Digits  Wall Street Journal
Automakers plot future without Google?  iAfrica.com
Twitter shares close at all-time low
Twitter shares have fallen to an all-time low, weighed down by doubts that the popular messaging platform isn't growing fast enough to thrive.
Twitter Share Prices Continue Downward Spiral As They Reach A New Low  Business 2 Community