Insurance is the "Achilles heel" of the fossil-fuel industry, with the power to drive climate change progress, because projects are unlikely to attract capital if they can't get insurance.
Although the U.S. "will be attentive to the global repercussions of our policies," the Treasury secretary appears uninterested in FX interventions that an ECB policymaker suggested.
New bill would boost alternative assets in retirement plans; its sponsors estimate a modest diversification into "alts" could increase 401(k) performance by 17%.
The selloff to meet margin calls comes after the BOE confirmed it will end its emergency bond-buying program; reverberations were felt from Sydney to Frankfurt to New York.