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News & Updates
December 8, 2014 Japan’s economy worse than initially reportedSource: MarketWatch
TOKYO — Japan’s economy contracted for the second straight quarter in the July-to-September period, revised data released Monday showed, serving as a bitter reminder to Prime Minister Shinzo Abe that the nation’s economy remains...
December 8, 2014 Deep in coal country, pondering future without itSource: Salt Lake City Tribune
For over a century, life in Central Appalachia has been largely defined by the ups and downs of the coal industry. Through all the bust years, there was always the promise of another boom. Until now. There is a growing sense in...
December 5, 2014 Sub-$50 Oil Surfaces in North Dakota Amid Regional DiscountsSource: Bloomberg
Oil market analysts are debating if oil will fall to $50. In North Dakota, prices are already there. Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. 28, according to the...
December 5, 2014 Oil Drop Gives U.S. Drillers Argument to End Export BanSource: Bloomberg
Collapsing crude prices have given oil producers a new argument for ending a 39-year-old U.S. ban on exports. With U.S. output at a 31-year high and imports at the lowest level since 1995, producers seeking the best possible...
December 5, 2014 Europe’s Top Banker Again Hints at More Stimulus in FutureSource: NY Times
FRANKFURT — Mario Draghi wanted everyone to understand on Thursday that the European Central Bank was determined to honor its prime directive: keeping inflation, now dangerously low, in check.
December 5, 2014 Natural Gas Reserves Reach “Record HighSource: Northcentral Pa.com
The U.S. Energy Information Administration’s U.S. Crude Oil and Natural Gas Proved Reserves, 2013 released today found “U.S. total natural gas proved reserves increased 10% in 2013 and reached a new U.S. record of 354 Tcf.”...
December 4, 2014 Gold struggles to stay above $1200
Resource Investor - The Dollar Index climbed 0.33% this week to 88.647 on Tuesday, the highest level since mid-2010. The S&P 500 Index was flat this week while the Euro îStoxxî 50 Index was down 0.34% after...
December 4, 2014 6 Charts That Illustrate Vladimir Putin's World of PainSource: Bloomberg
It's not a good time to be Vladimir Putin. Faced with collapsing oil prices and sanctions from the west, the Russian economy is on the verge of going into recession. The ruble is collapsing, inflation is spiking, and the Russian...
December 4, 2014 U.K. Plans New Taxes on Banks, MultinationalsSource: Wall Street Journal
U.K. Treasury chief George Osborne announced new taxes on banks and multinationals to help him plug a hole in Britain’s public finances that remains stubbornly large despite faster economic growth and almost five years of...
December 4, 2014 Fed Beige Book Shows ‘Widespread’ Job Gains Across U.SSource: BusinessWeek
A Federal Reserve survey showed businesses across the country are hiring workers in industries from aerospace to finance, adding to evidence of labor-market strength ahead of key jobs data tomorrow.
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