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Bernanke Seen Buying $1.14 Trillion in Assets in 2014

Bernanke Seen Buying $1.14 Trillion in Assets in 2014 | EconMatters | Scoop.it
Federal Reserve Chairman Ben S. Bernanke’s latest round of bond buying will reach $1.14 trillion before he ends the program in the first quarter of 2014, according to median estimates in a Bloomberg survey of economists.
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Saudi Arabia’s Crude Oil Supply Said to Fall in September

Saudi Arabia’s Crude Oil Supply Said to Fall in September | EconMatters | Scoop.it
The amount of oil Saudi Arabia supplied to markets fell last month, according to a person familiar with the country’s oil policy. Its production climbed.
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Canada Parliament Locked Down After War Memorial Shots

Canada Parliament Locked Down After War Memorial Shots | EconMatters | Scoop.it
Canada’s Parliament has been locked down after a soldier was shot at the nation’s war memorial in Ottawa. The gunman was later shot and killed by police, according to two members of parliament.
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Oil Collapse Gives Buyers Chance at Top Targets: Real M&A

Oil Collapse Gives Buyers Chance at Top Targets: Real M&A | EconMatters | Scoop.it
The rapid drop in oil prices cut more than $20 billion from the price of some of the industry’s best assets. That may be enough to attract buyers.
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Russia’s $13 Billion Support for Ruble Impaired by Oil Under $90

Russia’s $13 Billion Support for Ruble Impaired by Oil Under $90 | EconMatters | Scoop.it
Russian currency-market interventions that have topped $13 billion are failing to stem the ruble’s slide to unprecedented lows as oil trades near the weakest in four years.
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Citigroup Sees $1.1 Trillion Stimulus From Oil Plunge

Citigroup Sees $1.1 Trillion Stimulus From Oil Plunge | EconMatters | Scoop.it
The lowest oil price in four years will provide stimulus of as much as $1.1 trillion to global economies by lowering the cost of fuels and other commodities, according to Citigroup Inc.
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The $11 Trillion Advantage That Shields U.S. From Turmoil

The $11 Trillion Advantage That Shields U.S. From Turmoil | EconMatters | Scoop.it
Call it America’s $11 trillion advantage: Consumer spending is likely to steer the U.S. economy safely through the shoals of deteriorating global growth and turbulent financial markets.
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U.S. Stocks Tumble as Oil Falls to 4-Year Low; Gold Gains

U.S. Stocks Tumble as Oil Falls to 4-Year Low; Gold Gains | EconMatters | Scoop.it
U.S. stocks fell, sending the Standard & Poor’s 500 Index below its 200-day moving average after a rout wiped $1.5 trillion from global equities last week. Brent crude dropped to the lowest level in almost four years, while the dollar weakened and gold climbed.
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S&P downgrades Finland to AA+ from AAA

S&P downgrades Finland to AA+ from AAA | EconMatters | Scoop.it
Standard & Poor's downgraded Finland's sovereign debt rating to AA-Plus from AAA on Friday, citing economic weak development.
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Brent Oil Falls Below $90 for First Time in Two Years

Brent Oil Falls Below $90 for First Time in Two Years | EconMatters | Scoop.it
Brent crude dropped below $90 a barrel for the first time since June 2012 as supplies increased and global economic growth slowed. West Texas Intermediate oil fell to a 22-month low in New York.
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Russia Moves Ruble Band in Biggest Intervention Since March

Russia Moves Ruble Band in Biggest Intervention Since March | EconMatters | Scoop.it
Russia’s central bank shifted the ruble’s trading band the most since the incursion into Ukraine started as it burns through almost $2 billion of reserves to stem the world’s worst depreciation since June.
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Keystone Be Darned: Canada Finds Oil Route Around Obama

Keystone Be Darned: Canada Finds Oil Route Around Obama | EconMatters | Scoop.it
So you’re the Canadian oil industry and you do what you think is a great thing by developing a mother lode of heavy crude beneath the forests and muskeg of northern Alberta. The plan is to send it clear to refineries on the U.S. Gulf Coast via a pipeline called Keystone XL. Just a few years back, America desperately wanted that oil.
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WTI Falls as U.S. Inventories Increase More Than Expected

WTI Falls as U.S. Inventories Increase More Than Expected | EconMatters | Scoop.it
West Texas Intermediate crude fell after an Energy Information Administration report showed U.S. inventories increased more than forecast last week.
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China’s GDP Growth Bolsters Case for Stimulus Restraint

China’s GDP Growth Bolsters Case for Stimulus Restraint | EconMatters | Scoop.it
China’s economic growth beat analysts’ estimates last quarter as export demand quickened and services expanded, bolstering the government’s case for avoiding broader stimulus measures.
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Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom

Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom | EconMatters | Scoop.it
The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth.
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Dallas Lab Worker Isolated on Carnival Cruise for Possible Ebola Contact

Dallas Lab Worker Isolated on Carnival Cruise for Possible Ebola Contact | EconMatters | Scoop.it
A health worker from the Dallas hospital that diagnosed the first U.S. case of Ebola has voluntarily been isolated aboard a Carnival Corp. cruise ship.
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This price would kill U.S. oil production growth

This price would kill U.S. oil production growth | EconMatters | Scoop.it
A new report says the two-year low in U.S. oil prices is not yet stalling growth of U.S. crude production.
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Putin Loses His Best Friend: Expensive Oil

Putin Loses His Best Friend: Expensive Oil | EconMatters | Scoop.it
The decline in oil prices may be depriving Russian President Vladimir Putin of his biggest ally.
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Shale boom tested as sub-$90 oil threatens U.S. drillers - The Buffalo News

Shale boom tested as sub-$90 oil threatens U.S. drillers  - The Buffalo News | EconMatters | Scoop.it
The U.S. shale boom is producing record amounts of new oil as demand weakens, pushing prices down toward levels that threaten to reduce future drilling.Domestic fields will add an unprecedented 1.1 million barrels a day of output this year and another 963,000 in 2015, raising production to... - The Buffalo News
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Saudis boost output as oil price slumps; Venezuela wants emergency OPEC meeting to discuss

Saudis boost output as oil price slumps; Venezuela wants emergency OPEC meeting to discuss | EconMatters | Scoop.it
Saudis boost output as oil price slumps; Venezuela wants emergency OPEC meeting to discuss - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Dallas Won’t Kill the Dog of Ebola-Infected Health Worker

Dallas Won’t Kill the Dog of Ebola-Infected Health Worker | EconMatters | Scoop.it
Dallas won’t kill the dog of a health care worker who came down with Ebola.
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S&P Cuts France's Outlook, Keeps AA Rating

S&P Cuts France's Outlook, Keeps AA Rating | EconMatters | Scoop.it
Standard & Poor's Ratings Services cut its outlook for France from stable to negative on Friday, saying the French government's budgetary position is deteriorating in light of the country's constrained nominal and real economic growth prospects.
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Record Oil Imports Flood U.S. Midwest Before New Pipeline

Record Oil Imports Flood U.S. Midwest Before New Pipeline | EconMatters | Scoop.it
Crude imports to the U.S. Midwest increased to a record last week in anticipation of a new pipeline linking the region to Cushing, Oklahoma, the nation’s supply hub.
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China’s Long Game With Taiwan Just Got Longer

China’s Long Game With Taiwan Just Got Longer | EconMatters | Scoop.it
With protesters in Hong Kong settling for talks with the government rather than immediate political concessions, it looks like China has won -- or at least averted disaster -- and without sending in the tanks.
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