the-region

Oil rally to resume later this year, demand to offset glut: Reuters poll

A survey of 29 economists and analysts forecast Brent crude will average $45.51 per barrel in 2016, up marginally from last month's forecast of $45.20, and about $3.55 higher than the $41.96 average so far this year.     “We project solid global demand growth in 2016 (1.4 million barrels per day), and a reasonable growth in 2017 (+1.1 MMBbl/d), mostly driven by China, India and Africa. As such, demand should help to drive prices higher,” said Raymond James analyst Luana Siegfried.

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Oil rally to resume later this year, demand to offset glut: Reuters poll

the-region

Credit Suisse to create U.S. banking business for billionaire

Credit Suisse Group AG , which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with

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Credit Suisse to create U.S. banking business for billionaire