Sanctions? Russian economy to overtake Germany’s by 2020 – report

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts. In a report...

Oil May Never Return To The Triple-Digits

By Tsvetana Paraskova - oilprice Despite the wild ride of oil prices in 2018—in which gains earlier in the year were wiped out in massive sell-offs in the fourth quarter—energy and banking professionals expect Brent Crude oil prices...

Offshore Spending To Overtake Shale In 2019

By Rystad Energy -oilprice Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set...

EIA Sees The U.S. Becoming Net Oil Exporter In Q4 2020

By Tsvetana Paraskova Continuously rising U.S. shale production will make the United States a net exporter of crude oil and petroleum products in the fourth quarter of 2020, the EIA said in its January Short-Term Energy Outlook (STEO),...

Upbeat bank earnings send Wall Street to one-month highs

April Joyner NEW YORK (Reuters) - Wall Street’s major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N) boosted investor sentiment. Goldman Sachs shares...

U.S. labor market tightens, wages grow moderately: Fed Beige Book

Pete Schroeder WASHINGTON (Reuters) - Labor markets tightened across the United States as businesses struggled to find workers at any skill level and wages generally grew moderately, the Federal Reserve said on Wednesday in its...

Fed’s Kashkari says financial system safer; audience disagrees

Ann Saphir (Reuters) - Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of the Fed’s recent round of interest rate hikes, on Wednesday said the U.S. central bank is as...

Sanctions relief removes obstacle to US-Armenia aluminum trade

The US Senate on Wednesday narrowly rejected a Democratic-led effort to block President Donald Trump from lifting sanctions against three Russian businesses. Senators voted 57-42 to end debate on the resolution, falling short of the 60 votes needed. If all...

Trump tariffs force tough choices at U.S. auto suppliers

Nick Carey WYOMING, Mich. (Reuters) - Bob Roth makes no bones about his feelings towards U.S. manufacturing. The co-owner and chief executive of RoMan Manufacturing Inc, which makes transformers and glass-molding equipment for automakers and other...

Ways Saudi Arabia is looking to save water

Caline Malek- Arab  News Saudi officials tell forum of new ways of conservation, including building micro-grids and sewage treatment plants related to renewable energy There are also plans for the Red Sea Project to...

Italy PM says alternative project on high-speed train ‘not on the table’

MILAN (Reuters) - A cheaper alternative project for a high-speed rail link between Italy and France “is not on the table”, Italian Prime Minister Giuseppe Conte said in an interview published in the La...

China’s growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters...

Lusha Zhang, Kevin Yao BEIJING (Reuters) - China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views...

Exclusive: British Lotus cars to be ‘Made in China’ at new Geely plant: documents

Yilei Sun, Brenda Goh BEIJING/SHANGHAI (Reuters) - The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion...

Bank of Japan to cut inflation forecast

The Yomiuri Shimbun The Bank of Japan likely will cut its inflation forecast for fiscal 2019 from the current 1.4 percent to around 1 percent, due mainly to the decline in crude oil prices that...

Apple spends $150M on United Airlines annually, leaked documents show

By Thomas Barrabi-TechnologyFOXBusiness Loup Ventures managing partner Gene Munster and Wireless Fund portfolio manager Paul Meeks on how Apple may release three new iPhones this year and whether investors will dive back into the company. Apple...

Kapan Airport to be ready this summer – Haykakan Zhamanak

YEREVAN, January 17. /ARKA/. Construction of Kapan Airport is under way now – it is expected to be over this summer, Haykakan Zhamanak reports referring to Gevork Parsyan, head of the Kapan community. In his...

Russia’s diamond titan returns to Zimbabwe to help country regain its former luster

The world’s largest diamond producer, Russia’s Alrosa, is ready to launch operations in Zimbabwe two years after mining projects in the crisis-stricken country were shelved, the company chief executive Sergey Ivanov said. According to Ivanov,...

Canada sees no cancer risk from Monsanto’s Roundup weed killer

Canadian farmers will continue using glyphosate after Health Canada concluded that the active ingredient in Monsanto’s Roundup weed killer poses no human risks. The federal agency dismissed eight notices of objection and assertions made in...

China signals more stimulus as economic slowdown deepens

China will aim to achieve “a good start” in the first quarter for the economy, the state planner said on Jan. 15, signaling authorities could roll out more stimulus measures in the near term to counter slowing...

Turkey’s unemployment rate hit 11.6 percent in October

Unemployment rate in Turkey increased to a 19-month high of 11.6 percent in October, the Turkish Statistical Institute (TÜİK) revealed on Jan. 15. “The unemployment rate occurred as 11.6 percent with a 1.3 percentage point increase,” TÜİK said. In Turkey, the number of jobless people...