Asia’s Strong Diesel Demand Supports Crude Prices

By Tsvetana Paraskova Oil prices stumbled over the past week on the financial market turmoil, stronger dollar, and surging U.S. crude production. But as oversupply fears return with a vengeance to the oil market, the demand...

Saudi Arabia Extends Foreign Investment Licenses to 5 Years

By Sarah Algethami Saudi Arabia extended foreign investment licenses to a renewable period of up to five years from one year, in the latest step to broaden the oil-dependent economy. Ibrahim Al Suwayel, deputy governor...

China says opposes countries imposing their own laws on others

BEIJING (Reuters) - China opposes the use of a country’s domestic laws to control others, a foreign ministry spokeswoman said on Thursday, when asked if Chinese tech company Huawei had violated U.S. sanctions related...

Russia may ban American corn and soybeans

Moscow might ban soybeans from the United States over possible contamination, says Russia's food safety watchdog. Earlier this week, Rosselkhoznadzor said imports of US corn also face a possible embargo. Regular supplies of the contaminated...

U.S. Commerce chief warns against China semiconductor investment binge

By David Lawder | WASHINGTON Massive government investment in China's semiconductor industry risks distorting the global market for integrated circuits, leading to damaging overcapacity and stifling innovation, U.S. Commerce Secretary Penny Pritzker has warned. The comments come at a...

Asian shares waver as investors await Fed meeting for rate clues

TOKYO (Reuters) - Asian shares slipped on Tuesday, supported by record highs on Wall Street but hobbled by uncertainty as traders awaited a Federal Reserve meeting for clues on U.S. monetary policy. MSCI’s broadest index...

DoubleLine’s Gundlach sees no Fed rate increase in 2015

Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday he believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage...

Higher taxes in Obama’s budget would cut deficits: CBO

U.S. President Barack Obama's fiscal 2017 budget would produce $6.9 trillion in deficits over the next decade if enacted, about $2.4 trillion less than under current tax and spending laws, congressional forecasters said on...

Farmers Reeling From High Oil Prices

By Tsvetana Paraskova As the summer driving season approaches, drivers are already paying more for gasoline due to the oil price rally in recent months. But higher oil prices affect not only the gasoline bills of retail...

Is This The Top Of The Oil Market?

The surge in gasoline stocks offset the positive news of a crude inventory drawdown this week, deflating sentiment surrounding crude oil prices. Gasoline stocks jumped by a stunning 6.8 million barrels for the week...

Fitch: Bank lending slows in KSA

The slowdown in loan growth at Saudi Arabian banks reflects a deteriorating operating environment, says Fitch Ratings. Total sector loans were up an annualized 10 percent in the first half of 2015, compared with...

Ban On Saudi Crude Won’t Rescue U.S. Oil Industry

By Tsvetana Paraskova Even if the U.S. government will install an outright ban on Saudi oil, it won’t make much of a difference considering the huge demand destruction and filling storage tanks Desperate times call for desperate...

Turkey’s top marketing executives see 2019 as ‘year of data’

Turkey’s largest firms will focus in 2019 more on data to shape not only their strategic decisions, but also their products and even physical stores, according to top marketing executives who also warn of...

US threaten more sanctions as Turkey scrambles to reassure investors

AFP Albayrak said Turkey fully understood and recognized all its domestic challenges Albayrak has the daunting task of reassuring the investors that the economy is not hostage to political interference WASHINGTON: The United States warned...

Retailers to drop on-call scheduling amid state probes

By Daniel Wiessner Six U.S. retailers will no longer require hourly employees to check whether they are still needed for work and risk having their scheduled shifts canceled with little notice, New York Attorney General Eric...

Grim and getting worse: US set for historic unemployment surge

AFP-Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight,...

Weekly Jobless Claims Fall to 5-1/2 Year Low

The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5-1/2 year low, suggesting a steadily improving labor market. Initial claims for state unemployment benefits dropped 19,000 to a...

Oil falls on economic slowdown, but OPEC output cuts offer some support

Henning Gloystein SINGAPORE (Reuters) - Oil markets fell on Friday, pulled down by an economic slowdown, although supply cuts led by producer club OPEC and U.S. sanctions against Venezuela provided crude with some support. U.S. West...

7 Ovarian Cyst Symptoms You Shouldn’t Ignore

Feeling super-bloated? By Ashley Mateo Think of ovarian cysts as the pimples of the reproductive system: mostly benign, sometimes painful, and annoying AF. Usually, your ovaries (those reproductive organs where eggs are produced) chug along according to schedule. But sometimes,...

U.S. job growth picks up; flat wages raise consumer spending worries

Lucia Mutikani WASHINGTON (Reuters) - U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but wages grew at their slowest annual pace in more than 1-1/2 years in a sign that...