IEA: OPEC+ Has Put “A Floor Under Prices”

By Nick Cunningham The OPEC+ agreement succeeded in at least putting “a floor under prices,” according to a new report from the International Energy Agency. The global supply surplus is not resolved, and would likely reemerge if...

The U.S. Oil Industry’s Dirty Little Secret

By Nick Cunningham The oil industry engaged in a secret public relations campaign to undermine U.S. fuel economy standards, according to a new investigation from the New York Times. One of the main actors was the largest oil refiner...

Tariffs Hit U.S. Solar Market In Q3, But Plans Show Strong Rebound

By Tsvetana Paraskova The U.S. tariffs on imported solar cells and modules created uncertainty in the market earlier this year, resulting in quarterly additions of utility-scale solar dropping in Q3 below 1 gigawatt for the first...

After instigating trade war America will have to dance to China’s tune – investor...

The lull in the US-China trade war amid new flaring tensions over the arrest of Huawei finance chief can only backfire at Washington as Beijing holds a trump card, veteran stockbroker Peter Schiff has...

Qualcomm aims to ban sales of Apple’s flagship phones in China – report

US chipmaker Qualcomm now wants to extend its lawsuit against Apple, seeking to ban sales of the latest iPhone XS and XR in China after winning a preliminary injunction against older models, according to...

LOL! Californians may be slapped with tax on short text messages

The Californian state watchdog has proposed a new tax on text messages sent and received by mobile phone users every day. The odd measure to raise new taxes has sparked ridicule and outrage in...

As US debt spirals to $22 trillion, former Fed chair Janet Yellen is suddenly...

Latest data from the US Treasury Department shows that the federal government is sitting on $21.85 trillion of debt. At current pace it is likely to hit the $22 trillion mark next month. America’s gross...

Brexit won’t have grave impact on German economy – employers’ group

BERLIN (Reuters) - Britain’s departure from the European Union will hit some German businesses harder than others, but should not have a serious impact on the overall economy, the head of Germany’s BDA employers’...

China says on track to hit 2018 GDP growth target, faces more uncertainties next...

BEIJING (Reuters) - China is on track to hit its 2018 GDP growth target of around 6.5 percent, but the economy faces more external uncertainties next year, a spokesman of China’s statistics bureau said...

Ahead of China anniversary, trade war fans calls for faster market reforms

Kevin Yao BEIJING (Reuters) - China’s trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world’s second-largest economy and the freeing of...

U.S. recession risks jump, Fed rate hike expectations slump: Reuters poll

Shrutee Sarkar BENGALURU (Reuters) - The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in...

The price of progress in China: ‘We traded our lives for development’

Sue-Lin Wong SHENZHEN, China (Reuters) - For four years at the turn of the century, Wang Zhaohong worked on a demolition crew in Shenzhen, clearing the way for the once-tiny border village to become a...

Negative outlook persists for Turkish companies: Moody’s

The outlook for non-financial firms both in Turkey and South Africa remains negative for the coming 12 to 18 months, Moody’s Investors Service said Dec. 13 in its annual report titled “Non-financial corporates - Middle East,...

Turkey aims to establish independent defense industry, says minister

Establishing an indigenous defense industry is among Turkey’s priorities, Industry and Technology Minister Mustafa Varank said on Dec. 13. “Our aim was not to become a subcontractor of international defense industry producers but to create a fully independent Turkish defense industry,” he said, speaking at the Turkish...

Turkish Central Bank holds key interest rate at 24 pct

The Turkish Central Bank on Dec. 13 kept its the one-week repo rate - also known as the bank's policy rate - constant at 24 percent. "Recently released data show that the rebalancing trend in the economy has become more noticeable," the bank...

Asian shares jolted by weak Chinese data, growth risks

Hideyuki Sano, Tomo Uetake TOKYO (Reuters) - Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a sharp slowdown in the world’s second-biggest economy and leaving investors...

Red gold: Afghanistan’s booming & blooming saffron may become alternative to opium poppy trade

Afghan authorities want to provide farmers with an alternative means of income, other than growing opium, by turning to the world’s most expensive spice. Saffron production has risen to record levels this year in the...

China plucks Canada Goose caught in crossfire of Huawei arrest

Canada Goose stock saw a dramatic plunge after Chinese social media reportedly urged the country’s consumers to boycott the world-famous brand amid the recent detention of Huawei finance chief by Canadian authorities. Shares of the...

Cost of independence: Ukraine pays record high price for ‘European’ gas

Prices for gas imported by Ukraine from European countries hit a record high in November, according to data published by the country’s State Fiscal Service. The gas is most likely Russian in origin resold...

US lawmakers want to put a cork in Russia’s gas pipeline to Europe

The US House of Representatives is once again calling on the European Union to ban the Russia-led construction of the Nord Stream 2 natural gas pipeline and has called for sanctions against the project. The...