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Crude Tumbles as U.S. Output Climbs to Two-Decade High

Crude Tumbles as U.S. Output Climbs to Two-Decade High | EconMatters | Scoop.it
West Texas Intermediate oil tumbled for the fourth time in five days as U.S. production rose to the highest level in two decades last week and U.S. equities fell.
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57-year-old Chinese dude has been cycling around the world for 18 years

57-year-old Chinese dude has been cycling around the world for 18 years | EconMatters | Scoop.it
A series of pictures showing a 57-year-old Chinese man being escorted
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Major Firms Are Saying the Stage Is Set For Another Crisis In The Bond Market

Major Firms Are Saying the Stage Is Set For Another Crisis In The Bond Market | EconMatters | Scoop.it

(Bloomberg) -- The stage is set for another financial crisis to unravel years of relative calm in debt markets. At least that’s how firms from UBS Group AG to Invesco Ltd. see it. Here’s why: Prices in the world’s biggest bond market are swinging and the plunge in oil is sinking the economies of nations from Venezuela to Nigeria.

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Oil Bust Empties Out Private-Jet Parking Lot in Texas

Oil Bust Empties Out Private-Jet Parking Lot in Texas | EconMatters | Scoop.it

(Bloomberg) -- The oil boom last year was easy to see at the airport in Midland, Texas, the gateway to the biggest crude-producing region in the U.S. The 30 or so spaces for private planes were often filled.

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Buffett Dumping Exxon Points Investors to Review Oil Bets

Buffett Dumping Exxon Points Investors to Review Oil Bets | EconMatters | Scoop.it

"Warren Buffett’s decision to dump his stake in Exxon Mobil Corp. after oil prices plunged is pointing investors toward smaller, more nimble producers that will deliver higher returns during a market recovery."

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Airports, airlines celebrate the Chinese New Year

Airports, airlines celebrate the Chinese New Year | EconMatters | Scoop.it
At least two North American airports are hosting special events to celebrate the Chinese New Year, which this year falls on Feb. 19 and is the Year of the Ram (or the Year of the Goat, depending on how you
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Has Greece's 'Lehman moment' finally arrived?

Has Greece's 'Lehman moment' finally arrived? | EconMatters | Scoop.it
A key week for Greece's economic future drew to a close on Friday with the country facing the very real threat that it's running out of money.
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Saudi Arabia’s Oil Exports Fell in 2014 in ‘Tough Year’

Saudi Arabia, the world’s biggest crude exporter, shipped 5.7 percent less oil overseas last year led by a decline in China, its biggest customer in Asia, in a sign the price rout did little to revive demand.

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Denmark mounts huge manhunt for terrorist gunman

Denmark mounts huge manhunt for terrorist gunman | EconMatters | Scoop.it
Danish authorities mounted a nationwide manhunt Saturday for a gunman who opened fire on a free speech seminar at a Copenhagen cafe in an apparent attempt to kill a Swedish artist who had published cartoons of the prophet Mohammed 8 years ago.
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Tesla CEO threatens firings after poor China sales

Tesla CEO threatens firings after poor China sales | EconMatters | Scoop.it
Tesla Motors CEO Elon Musk is said to be prepared to fire overseas executives after weak Chinese sales of the company's luxury electric cars.
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Crude futures strengthen as OPEC cuts supply forecast - Oil | Platts News Article & Story

Crude futures strengthen as OPEC cuts supply forecast - Oil | Platts News Article & Story | EconMatters | Scoop.it
Crude futures strengthen as OPEC cuts supply forecast - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Putin sees possible sharp oil price correction if low prices persist: report - Oil | Platts News Article & Story

Putin sees possible sharp oil price correction if low prices persist: report - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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RadioShack to Launch First Wave of Store-Closing Sales

RadioShack to Launch First Wave of Store-Closing Sales | EconMatters | Scoop.it
This weekend will see the start of a final round of sales at 1,700 RadioShack stores, the first wave slated for liquidation as the retailer tries to cut down its chain in bankruptcy.
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Microsoft to close 2 China plants, cutting 9K jobs

Microsoft to close 2 China plants, cutting 9K jobs | EconMatters | Scoop.it
Microsoft plans to close two of its factories in China by the end of March, according to the Dow Jones News Service.
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Saudi oil minister says markets calm, demand growing - Oil | Platts News Article & Story

Saudi oil minister says markets calm, demand growing - Oil | Platts News Article & Story | EconMatters | Scoop.it
Saudi oil minister says markets calm, demand growing - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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U.S. West Coast Ports Come Back to Life After 9-Month Labor Standoff

U.S. West Coast Ports Come Back to Life After 9-Month Labor Standoff | EconMatters | Scoop.it

"Ports are coming back to life along the U.S. West Coast after dockworkers resolved a nine-month labor standoff, though the cargo backlog from ships waiting offshore may take eight weeks to clear."

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No Grexit, Here's What Each Side Got in the Greece Negotiations

No Grexit, Here's What Each Side Got in the Greece Negotiations | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Supertankers Speed Up as Oil Prices Fall

Supertankers Speed Up as Oil Prices Fall | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Goldman: Here's Why Lower Oil Prices Are Here to Stay

Goldman: Here's Why Lower Oil Prices Are Here to Stay | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC'

Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC' | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Bond Dangers Compounded by U.S. Pushing Out Debt Maturities

Bond Dangers Compounded by U.S. Pushing Out Debt Maturities | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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