The US is working on ways to expand storage space to add several hundred million more barrels to it, Treasury Secretary Steven Mnuchin said at a White House briefing, as...
May 2, 2020
The US is working on ways to expand storage space to add several hundred million more barrels to it, Treasury Secretary Steven Mnuchin said at a White House briefing, as...
May 2, 2020
The world's largest coal-producing country, Russia, plans to increase its output and exports over the next 15 years. Russia's share of the global coal export market is projected to expand...
May 2, 2020
The nation's most populous state shrank a bit in the second half of last year, according to official figures released Friday. California had a population of 39.78 million as of...
May 1, 2020
US stocks are facing a second straight day of losses, after President Donald Trump threatened to unleash a new barrage of retaliatory tariffs on China over the coronavirus crisis. The...
May 1, 2020
US stocks are facing a second straight day of losses, after President Donald Trump threatened to unleash a new barrage of retaliatory tariffs on China over the coronavirus crisis. The...
May 1, 2020
US President Donald Trump's renewed attack on Beijing over the coronavirus crisis has sunk the Chinese national currency, the yuan, to a one month-low, while global markets also dipped lower....
May 1, 2020
The CEO of London's Heathrow Airport has called on Westminster to boost support for the vital aviation sector, warning that, without it, Virgin Atlantic might go bust, as the possibility...
May 1, 2020
The coronavirus has hit the global smartphone market hard, sinking worldwide shipments by up to 13 percent in the first quarter of 2020, new data from analyst firms shows. While...
May 1, 2020
The prices for Brent crude and WTI have increased after the hard-fought OPEC+ deal took effect on Friday. The oil market had seen a dramatic crash last month due to...
May 1, 2020
The historic oil deal meant to help crude prices rebound amid the coronavirus crisis has come into force. Starting today, global oil production is set to be slashed by nearly...
May 1, 2020
The top bank in Israel will hand over just shy of $900 million to the US Treasury after it was implicated in a tax evasion scheme, helping Americans to hide...
April 30, 2020
The euro area is suffering its worst contraction ever as data published on Thursday showed that the region's gross domestic product (GDP) shrank by 3.5 percent in the first quarter...
April 30, 2020
Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global...
April 30, 2020
Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global...
April 30, 2020
Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global...
April 30, 2020
Global investment demand for gold soared to a four-year high of 539.6 metric tons in the first quarter of the year, as investors sought safe-haven assets amid the coronavirus outbreak....
April 30, 2020
Gone are the days when Somalia's Gulf of Aden was considered the most dangerous piracy zone for oil companies and other seafarers. But now, with offshore oil storage bursting at...
April 30, 2020
First-time filings for unemployment insurance hit 3.84 million in the week ending April 25, the US Labor Department announced on Thursday. That brings the total number of first-time claims to...
April 30, 2020
Under Japan's coronavirus state of emergency, people have been asked to stay home. Many are not. Some still have to commute to their jobs despite risks of infection, while others...
April 29, 2020
US gross domestic product (GDP) fell 4.8 percent in the first quarter of 2020 amid the coronavirus pandemic lockdown, according to data released by the Department of Commerce on Wednesday....
April 29, 2020
Europe's leading economy, Germany, is bracing for a painful fallout from the coronavirus crisis that is likely to result in the country's deepest recession in the post-war era. After a...
April 29, 2020
Energy markets in Russia elsewhere in the world have experienced some serious shocks in recent months, Russian President Vladimir Putin has said. He called for a global effort to balance...
April 29, 2020
The US Central Bank said this week that it will widen the number of local governments from which it will buy debt through a forthcoming lending program. More than 200...
April 29, 2020
The US Central Bank said this week that it will widen the number of local governments from which it will buy debt through a forthcoming lending program. More than 200...
April 29, 2020
International rating agency Moody's expects Russia's gross domestic product (GDP) to drop by 5.5 percent in 2020 as the pandemic has resulted in the near-shutdown of the global economy. The...
April 29, 2020
International rating agency Moody's expects Russia's gross domestic product (GDP) to drop by 5.5 percent in 2020 as the pandemic has resulted in the near-shutdown of the global economy. The...
April 29, 2020
Confidence in South Florida's housing market may be gaining, as a greater percentage of sales contracts are going forward. Or, put another way, the percentage of canceled sales contracts has...
April 29, 2020
Here are the biggest five residential sales in Miami-Dade for the week of April 19-25. The data was compiled by Condo.com and does not include off-market or new construction pre-sales....
April 29, 2020
The US oil industry is facing an unprecedented collapse, and as the global economy faces its worst recession since the 1930s, the industry isn't likely to recover to pre-crash levels...
April 29, 2020
Airbus reported 481 million euros in losses in the first quarter, put thousands of workers on furlough and sought billions in loans to survive the coronavirus crisis – and its...
April 29, 2020
A journalist who went to federal prison for hacking attacks on California media is now charged with a similar attack on a magazine. Probation officials filed a petition Monday alleging...
April 28, 2020
The soaring jobless rate in the US due to the Covid-19 outbreak may be far worse than the official data shows, as millions of Americans have been unable to file...
April 28, 2020
While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of US liquefied natural gas...
April 28, 2020
The Covid-19 outbreak has severely cut demand for crude and tumbled oil prices. As the crisis hits the US oil industry hard, with 40 percent of rigs going offline, Boom...
April 28, 2020
A week after the price US WTI crude plunged into negative territory for the first time ever, oil prices continue to freefall as concerns mount about the oversupply on the...
April 28, 2020
Crude prices continued to freefall on Tuesday, with US West Texas Intermediate (WTI) trading around $10 a barrel amid fears that the world is running out of places to store...
April 28, 2020
Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means...
April 27, 2020
Boeing CEO David Calhoun told an online meeting of the aviation giant's shareholders it would be “a while before the dividend comes back,” describing the situation as “like nothing we...
April 27, 2020
Boeing CEO David Calhoun told an online meeting of the aviation giant's shareholders it would be “a while before the dividend comes back,” describing the situation as “like nothing we...
