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Manufacturing Costs in US, China to Even Out By 2015

Manufacturing Costs in US, China to Even Out By 2015 | EconMatters | Scoop.it
China is no longer a slam dunk for manufacturers looking for the lowest cost for operations.
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Gain in U.S. Core Consumer Prices Shows Inflation Picking Up

Gain in U.S. Core Consumer Prices Shows Inflation Picking Up | EconMatters | Scoop.it

The cost of living in the U.S. excluding food and fuel rose 0.2 percent in March for a third month, signaling inflation is starting to firm.

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Saudi Arabia boosted crude production to the highest in 3 decades in March

Saudi Arabia boosted crude production to the highest in 3 decades in March | EconMatters | Scoop.it

Saudi Arabia boosted crude production to the highest in three decades in March, with a surge equal to half the daily output of the Bakken formation in North Dakota.

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Crude hits 4-month high on EIA inventory report

Crude hits 4-month high on EIA inventory report | EconMatters | Scoop.it
WTI surged above $55 a barrel and Brent is nearing $60 a barrel after the US crude oil inventories showed a less-than-expected increase. The latest weekly inventory only rose by 1.3 million barrels, and not the 4.1 million barrels expected.
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High-skilled visa applications hit record high in the U.S.

High-skilled visa applications hit record high in the U.S. | EconMatters | Scoop.it
This year, 233,000 foreigners applied for the H-1B, the most common visa for high-skilled foreign workers. Only 85,000 will get visas.
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In case you missed it, somehow – John Legere and Donald Trump battle it out on Twitter

In case you missed it, somehow – John Legere and Donald Trump battle it out on Twitter | EconMatters | Scoop.it

We all know John Legere takes no prisoners on social media. He tweets what he wants, when he wants and will quite happily antagonise his competition. 

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Monkeys chewing on fiber optic cables 'hinder India internet drive'

Monkeys chewing on fiber optic cables 'hinder India internet drive' | EconMatters | Scoop.it
Macaque monkeys appear to have become an unlikely roadblock in the development of internet services in the northern Indian city of Varanasi.
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How China’s State-Owned Giants Thrive or Fail: Lessons From the Oil Industry

How China’s State-Owned Giants Thrive or Fail: Lessons From the Oil Industry | EconMatters | Scoop.it
China’s big oil companies may all be controlled by the government, but they’re becoming increasingly stark examples of how some state enterprises thrive amid challenges while others falter.
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ISIS may be looking to set up operations in Hong Kong, expert says

ISIS may be looking to set up operations in Hong Kong, expert says | EconMatters | Scoop.it
Hong Kong may be an expansion target for ISIS, according to
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Saudis Raise Crude Oil Pricing to Asia on Signs of Demand Growth

Saudis Raise Crude Oil Pricing to Asia on Signs of Demand Growth | EconMatters | Scoop.it

Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving.

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Can US Energy Exports 'Pivot to Asia'?

Can US Energy Exports 'Pivot to Asia'? | EconMatters | Scoop.it
U.S. energy exports could shore up Asia's energy security -- if political hurdles are overcome.
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France bans super-skinny models in anorexia clampdown

PARIS (Reuters) - France will ban excessively thin fashion models and expose modeling agents and the fashion houses that hire them to possible fines and even jail, under a new law passed on Friday.The
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Russia in Active Consultations with OPEC

Russia in Active Consultations with OPEC | EconMatters | Scoop.it
Russia is conducting “unprecedentedly active” consultations with the Organization of the Petroleum Exporting Countries but isn’t discussing oil production cuts to support prices, Russian officials said
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Your pay raise this year: 3%, but the CEO's? 12.7%

Your pay raise this year: 3%, but the CEO's? 12.7% | EconMatters | Scoop.it
Median CEO pay increased 12.7 percent over the past year, according to a new ISS Corporate Solutions study of nearly 800 CEOs.
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Greece readies for debt default in case talks fail

Greece readies for debt default in case talks fail | EconMatters | Scoop.it
Greece is preparing itself for a debt default if talks with its creditors fall through, the Financial Times reports.
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Saudi Arabia’s Plan to Extend the Age of Oil

Saudi Arabia’s Plan to Extend the Age of Oil | EconMatters | Scoop.it

Last fall, as oil prices crashed, Ali al-Naimi, Saudi Arabia’s petroleum minister and the world’s de facto energy czar, went mum. He still popped up, as is his habit, at industry conferences on three continents. Yet from mid-September to the middle of November, while benchmark crude prices plunged 21 percent to a four-year low, Naimi didn’t utter a word in public.

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Amid Corruption Crackdown, 10,000 Chinese Officials Want New Jobs

Amid Corruption Crackdown, 10,000 Chinese Officials Want New Jobs | EconMatters | Scoop.it
More than 10,000 civil servants are looking to quit their jobs, according to a report by the local employment website Zhaopin, which found new sign-ups from government employees have spiked since the Lunar New Year in late February.
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Taiwan rations water amid drought

Taiwan rations water amid drought | EconMatters | Scoop.it
Taiwan begins rationing water supplies to more than one million households as it tackles the island's worst drought in years.
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The Biggest Energy Deal in a Decade: Shell To Buy BG Group for $70 Bn

Royal Dutch Shell Plc agreed to buy BG Group Plc for about 47 billion pounds ($70 billion), making Europe’s largest oil company the pre-eminent player in global natural gas and adding fields in Brazil.

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U.S. Geologist Expresses Gratitude After Release From Chinese Prison

U.S. Geologist Expresses Gratitude After Release From Chinese Prison | EconMatters | Scoop.it
Texas geologist Xue Feng emerged from over seven years in Chinese prison on Friday feeling gratitude -- not grievance -- about a chilling ordeal where he was pegged as a thief of national secrets.
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US Marine F-18s Land at Taiwan Air Base, Beijing Protests

US Marine F-18s Land at Taiwan Air Base, Beijing Protests | EconMatters | Scoop.it
Beijing is not happy that two U.S. F-18s conducted emergency landings in Taiwan.
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Fidel Castro appears in public for first time in over a year

Fidel Castro appears in public for first time in over a year | EconMatters | Scoop.it
HAVANA (Reuters) - Former Cuban President Fidel Castro, 88, appeared in public full of vitality for the first time in more than a year on Monday, greeting a delegation of Venezuelans, official media reported
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