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US to File Civil Charges Against S&P Over Ratings

US to File Civil Charges Against S&P Over Ratings | EconMatters | Scoop.it
Federal prosecutors intend to bring civil charges against Standard & Poor's for wrongdoing in its rating of mortgage bonds prior to the 2008 financial crisis.
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Brexit Gives a Lifeline to North Sea Oil Companies

Brexit Gives a Lifeline to North Sea Oil Companies | EconMatters | Scoop.it
A weakened British pound caused by the U.K.’s vote to leave the European Union has thrown a lifeline to a group of businesses on the brink—small oil companies plying the North Sea.
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Typhoon Nepartak threatens strong Taiwan or Japanese island landfall | Artemis.bm

Typhoon Nepartak threatens strong Taiwan or Japanese island landfall | Artemis.bm | EconMatters | Scoop.it
The north Pacific tropical cyclone season has now begun, with typhoon Nepartak heading on a route which looks set to impact Taiwan and the southern Japanese
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Brexit: David Cameron to quit after UK votes to leave EU - BBC News

Brexit: David Cameron to quit after UK votes to leave EU - BBC News | EconMatters | Scoop.it
The UK votes to leave the European Union, prompting David Cameron to announce he is to step down as prime minister - and UKIP leader Nigel Farage to declare it "independence day".
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Stocks sell off as German bond yields go negative

Stocks sell off as German bond yields go negative | EconMatters | Scoop.it
From Yahoo Finance: Stocks sell off as the Fed meets and the Brexit fears grow. Catch The Final Round at 4 p.m. ET with Jen Rogers and markets correspondent Nicole Sinclair.
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Gawker Files for Bankruptcy After Losing Hulk Hogan Privacy Case

Gawker Files for Bankruptcy After Losing Hulk Hogan Privacy Case
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Oil tops $50 as stocks approach record highs

Oil tops $50 as stocks approach record highs | EconMatters | Scoop.it
From Yahoo Finance: Stocks power through to new highs as oil makes its claim as the trade of 2016. Will it last? Catch The Final Round with markets correspondent Nicole Sinclair and Dan Dicker, president of MercBloc and author of "Shale Boom, Shale Bust: The Myth of Saudi America"
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Saudi Arabia to Triple Non-oil Revenue by 2020

Saudi Arabia to Triple Non-oil Revenue by 2020 | EconMatters | Scoop.it
Saudi Arabia early Tuesday presented a comprehensive package of reforms aimed at boosting non-oil revenues while reducing state handouts that have weighed on the kingdom’s economy.
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From Awesome in April to Gutted in May, Iron Ore Sinks Back Down

From Awesome in April to Gutted in May, Iron Ore Sinks Back Down | EconMatters | Scoop.it
For iron ore, if April was a party then May’s been the aftermath. Benchmark prices are headed for the biggest monthly loss since August 2012 as a rally driven by a speculative frenzy in China segued straight into a back-to-reality slump when the fervor faded.
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Oil Supply Cuts From Nigeria to Canada Renew Bets on Price Rally

Oil Supply Cuts From Nigeria to Canada Renew Bets on Price Rally | EconMatters | Scoop.it
Oil Supply Cuts From Nigeria to Canada Renew Bets on Price Rally
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S&P 500 Technicals Reveal Ominous Reminders of 2001, 2008: Chart

S&P 500 Technicals Reveal Ominous Reminders of 2001, 2008: Chart | EconMatters | Scoop.it
S&P 500 Technicals Reveal Ominous Reminders of 2001, 2008: Chart
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U.S. Sues Halliburton in Effort to Block Baker Hughes Deal

U.S. Sues Halliburton in Effort to Block Baker Hughes Deal | EconMatters | Scoop.it
U.S. Sues Halliburton in Effort to Block Baker Hughes Deal
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Justice Department Preparing Lawsuit to Block Halliburton-Baker Hughes Merger

Justice Department Preparing Lawsuit to Block Halliburton-Baker Hughes Merger | EconMatters | Scoop.it
The Justice Department is preparing to file a lawsuit to block a proposed merger between Halliburton and Baker Hughes, the most recent sign that a takeover boom is meeting resistance from antitrust enforcers.
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Dollar Heads for Worst Month Since 2011 on Slower Fed Rate Path

Dollar Heads for Worst Month Since 2011 on Slower Fed Rate Path | EconMatters | Scoop.it
Dollar Heads for Worst Month Since 2011 on Slower Fed Rate Path
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Japanese election: Shinzo Abe declares victory

Japanese election: Shinzo Abe declares victory | EconMatters | Scoop.it
Prime Minister Shinzo Abe has declared victory in Sunday's election, with his ruling coalition winning a majority of seats in Japan's upper house.
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Welcome to the world after Brexit: Here's what happens next

Welcome to the world after Brexit: Here's what happens next | EconMatters | Scoop.it
Welcome to the world after Brexit: Here's what happens next
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Fund Manager Franklin Templeton Bets on Higher Oil Prices

Fund Manager Franklin Templeton Bets on Higher Oil Prices | EconMatters | Scoop.it
Franklin Templeton Investments, a fund manager with $740 billion in assets, is pouring money into shares of independent oil exploration and production companies, betting that crude prices will rise further.
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Saudi Arabia Has Funded 20% Of Hillary's Presidential Campaign, Saudi Crown Prince Claims | Zero Hedge

Saudi Arabia Has Funded 20% Of Hillary's Presidential Campaign, Saudi Crown Prince Claims | Zero Hedge | EconMatters | Scoop.it
“Saudi Arabia always has sponsored both Republican and Democratic Party of America and in America current election also provide with full enthusiasm 20 percent of the cost of Hillary Clinton’s election even though some events in the country don’t have a positive look to support the king of a woman (sic) for presidency." -  Saudi Deputy Crown Prince Mohammed bin Salman, in exclusive comments to Jordan's Petra News Agency.
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World Bank downgrades its forecast for 2016 global economy

World Bank downgrades its forecast for 2016 global economy | EconMatters | Scoop.it
From Yahoo Finance: The World Bank is reducing its forecast for the global economy this year — again. The aid agency predicted Tuesday that the world economy will expand 2.4 percent this year, down from the 2.9 percent i
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Hercules Offshore Filed Second Chapter 11 Bankruptcy

Hercules Offshore Filed Second Chapter 11 Bankruptcy | EconMatters | Scoop.it
Hercules Offshore Inc. has returned to bankruptcy protection, planning to sell off its assets and shut down just months after a balance sheet reshaping that was supposed to save the business.
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Fed's Yellen sees rates hikes, mostly good economic picture

Fed's Yellen sees rates hikes, mostly good economic picture | EconMatters | Scoop.it
Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because "positive economic forces have outweighed the negative" for the United States now that risks from earlier this year have diminished.
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ECB raises growth, inflation forecasts but warns of risks

ECB raises growth, inflation forecasts but warns of risks | EconMatters | Scoop.it
The ECB upgraded its growth and inflation forecasts for this year, but warned of downside risks related to the global economy and the Brexit vote in the U.K.
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So Long Time Warner Cable: Charter to Retire Maligned Brand

So Long Time Warner Cable: Charter to Retire Maligned Brand | EconMatters | Scoop.it
So Long Time Warner Cable: Charter to Retire Maligned Brand
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Saudi Arabia Considers Paying Contractors With IOUs

Saudi Arabia Considers Paying Contractors With IOUs | EconMatters | Scoop.it
Saudi Arabia has told banks in the country that it is considering giving contractors IOUs to settle some outstanding bills, according to people with knowledge of the discussions.
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Calgary Home Market Struggles With Oil Bust

Calgary Home Market Struggles With Oil Bust | EconMatters | Scoop.it
The housing market in Calgary, capital of Canada’s struggling energy sector, has been hit so hard it makes the challenges faced by U.S. oil towns look relatively mild.
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