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Exxon Profit Rises as Cheap U.S. Oil Lifts Refining

Exxon Profit Rises as Cheap U.S. Oil Lifts Refining | EconMatters | Scoop.it
Exxon Mobil Corp., the world’s biggest energy company by market value, said fourth-quarter profit rose to a five-year high as growing supplies of cheap U.S. oil boosted margins from refining crude into fuels.
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What Apple spends to build each iPhone 6

What Apple spends to build each iPhone 6 | EconMatters | Scoop.it
Apple spends $200 to $247 in parts and labor to build an iPhone 6, a teardown analysis of the device shows, Re/code reports.
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U.S. Enlists Arab Allies for First Airstrikes in Syria

U.S. Enlists Arab Allies for First Airstrikes in Syria | EconMatters | Scoop.it
The U.S. and Arab allies launched airstrikes in Syria targeting Islamic State and an al-Qaeda- linked group in what President Barack Obama called a “powerful message to the world” that America will do whatever is necessary to eliminate terrorist havens.
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Top 50 Bankers, Investors Who Move Markets

Top 50 Bankers, Investors Who Move Markets | EconMatters | Scoop.it
Hedge-fund manager Paul Singer took a stand after Argentina defaulted, holding onto his bonds and refusing to swap them in the restructuring the government began in 2005. Jump ahead to 2014. Singer, still fighting for full recovery on the debt, has, with help from U.S. courts, pushed Argentina into a second default as the country maintained its stance against paying him.
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US fighter planes intercept Russian combat jets off Alaska, Sweden protests Airspace 'violation'

US fighter planes intercept Russian combat jets off Alaska, Sweden protests Airspace 'violation' | EconMatters | Scoop.it
Eight Russian planes, including long-range bombers, were intercepted this week by US and Canadian pilots. Meanwhile, Sweden has made its displeasure known to the Russian government after similar incursions.
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WTI Falls Third Day on Dollar Strength as Supply Rises

WTI Falls Third Day on Dollar Strength as Supply Rises | EconMatters | Scoop.it
West Texas Intermediate crude fell for a third day on rising U.S. inventories as a stronger dollar weighed on commodity prices. Brent futures rose on supply risks.
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Scotland Rejects Independence as U.K. Vows to Give It More Power

Scotland Rejects Independence as U.K. Vows to Give It More Power | EconMatters | Scoop.it
Scotland voted to stay in the U.K. in a referendum on independence, stepping back from a breakup of the 307-year-old union while wringing promises of more financial power from Prime Minister David Cameron.
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Alibaba Group Said to Raise $21.8 Billion in Record U.S. IPO

Alibaba Group Said to Raise $21.8 Billion in Record U.S. IPO | EconMatters | Scoop.it
Alibaba Group Holding Ltd., the e- commerce company started in 1999 with $60,000 cobbled together by Jack Ma, today cemented its status as a symbol of China’s economic emergence by raising $21.8 billion in a U.S. initial public offering.
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Oil futures fall on unexpected build in US crude stocks - Oil | Platts News Article & Story

Oil futures fall on unexpected build in US crude stocks - Oil | Platts News Article & Story | EconMatters | Scoop.it
Oil futures fall on unexpected build in US crude stocks - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Missing Men in U.S. Workforce Risk Permanent Separation

Missing Men in U.S. Workforce Risk Permanent Separation | EconMatters | Scoop.it
Tom Kaminski is back at work, three years after losing his job as a human-resources manager and dropping out of the labor force for a time to go back to college.
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China deploys new oil rig to drill in East China Sea

China deploys new oil rig to drill in East China Sea | EconMatters | Scoop.it
China has sent a new oil rig to explore the East China Sea, an area that includes waters disputed with Japan....
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China rig finds gas after Vietnam sea standoff

China rig finds gas after Vietnam sea standoff | EconMatters | Scoop.it
The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday.
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U.S. Stocks Rise While Oil Rallies as PBOC Adds Stimulus

U.S. Stocks Rise While Oil Rallies as PBOC Adds Stimulus | EconMatters | Scoop.it
U.S. stocks rose and commodities rallied on a report that China’s central bank is boosting stimulus measures. Treasuries advanced while the dollar fell on bets the Federal Reserve won’t be in a hurry to raise rates.
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OPEC's Badri sees oil prices rising again by year-end - Oil | Platts News Article & Story

OPEC's Badri sees oil prices rising again by year-end - Oil | Platts News Article & Story | EconMatters | Scoop.it
OPEC's Badri sees oil prices rising again by year-end - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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‘Imminent Attack’ in U.S. Prompted Airstrikes on Khorasan

‘Imminent Attack’ in U.S. Prompted Airstrikes on Khorasan | EconMatters | Scoop.it
Airstrikes in Syria against the extremist Khorasan group were prompted by planning for an “imminent” terror attack on U.S. soil, the Pentagon said.
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OPEC Yet to Decide on Supply Cuts as Crude Prices Extend Retreat

OPEC Yet to Decide on Supply Cuts as Crude Prices Extend Retreat | EconMatters | Scoop.it
- OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China.
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Global Finance Chiefs Said to Warn of Mounting Economic Risks

Global Finance Chiefs Said to Warn of Mounting Economic Risks | EconMatters | Scoop.it
Group of 20 finance chiefs will warn that risks to the global economy have increased in recent months, an official said, citing the latest draft of a communique due to be released today.
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Exxon Gets U.S. Sanctions Extension to Shut Russian Arctic Well

Exxon Gets U.S. Sanctions Extension to Shut Russian Arctic Well | EconMatters | Scoop.it
Exxon Mobil Corp. said the U.S. government is giving the company more time to shut its Russian Arctic well beyond the deadline for sanctions aimed at halting the $700 million project.
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French Jets Carry Out First Attack on Islamic State in Iraq

French Jets Carry Out First Attack on Islamic State in Iraq | EconMatters | Scoop.it
French jets destroyed an Islamic State depot in northeast Iraq today and further strikes are planned, President Francois Hollande said in a statement.
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Jack Ma Planning Personal Roadshow With Clinton to Immelt

Jack Ma Planning Personal Roadshow With Clinton to Immelt | EconMatters | Scoop.it
Jack Ma is wasting no time cozying up with the U.S.’s biggest power brokers -- from chief executive officers of some of the biggest companies to billionaire investors and a former president.
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Oracle’s Ellison Steps Down as CEO, Replaced by Hurd and Catz

Oracle’s Ellison Steps Down as CEO, Replaced by Hurd and Catz | EconMatters | Scoop.it
Oracle Corp.’s Larry Ellison stepped down as chief executive officer of the software maker he founded, making way for a new generation of executives and ending one of the most profitable runs for a leader in business history.
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IMF warns of 'excessive risk taking,' stock prices

IMF warns of 'excessive risk taking,' stock prices | EconMatters | Scoop.it
The IMF has become the latest group to warn on risk taking and equity valuations, as prices in "all major asset classes" now look stretched.
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China Joins ECB in Adding Stimulus as Fed Scales Back

China Joins ECB in Adding Stimulus as Fed Scales Back | EconMatters | Scoop.it
China’s central bank joined its European counterpart in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world’s biggest economies as the U.S. reduces stimulus.
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FedEx to hike ground, express delivery rates

FedEx says it will raise U.S. rates for express, ground and home-delivery shipments by an average of 4.9 percent in January.
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China Provides $81.4 Billion in Liquidity to Five Banks

China Provides $81.4 Billion in Liquidity to Five Banks | EconMatters | Scoop.it
China is providing 500 billion yuan ($81.4 billion) of liquidity to the country’s five biggest banks as Premier Li Keqiang steps up stimulus to support economic growth, Sina.com reported yesterday.
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Nigerian oil workers start strike, oil exports at risk - Oil | Platts News Article & Story

Nigerian oil workers start strike, oil exports at risk - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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