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U.S. Treasury Seeks Chief Risk Officer as Part of Strategic Plan

U.S. Treasury Seeks Chief Risk Officer as Part of Strategic Plan | EconMatters | Scoop.it
The U.S. Treasury Department wants to hire someone to help manage risks and protect against losses on federal programs, according to an internal memo.
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Euro hits 11-year low: Will it go below $1?

Euro hits 11-year low: Will it go below $1? | EconMatters | Scoop.it
Talk that the euro could weaken below $1 over the next year is growing after the European Central Bank unleashed monetary stimulus to boost growth.
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New Saudi King Signals Same Oil Policy That Has Helped Sink Prices

New Saudi King Signals Same Oil Policy That Has Helped Sink Prices | EconMatters | Scoop.it
King Salman, Saudi Arabia’s new ruler, will keep Oil Minister Ali Al-Naimi in his post, bolstering expectations that he will continue the policy of maintaining crude output to preserve market share even as prices have plunged.
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Gunvor Sees No Return to $100 Oil Once Price Plunge Is Reversed

Gunvor Sees No Return to $100 Oil Once Price Plunge Is Reversed | EconMatters | Scoop.it
Oil prices won’t recover to $100 a barrel once a current rout is reversed, said the head of research at Gunvor Group Ltd., a firm trading more than 2.5 million barrels of crude and fuels each day.
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China's crude oil stockbuild in December jumps to 915,000 b/d

China's crude oil stockbuild in December jumps to 915,000 b/d | EconMatters | Scoop.it
China's crude oil stockbuild in December jumps to 915,000 b/d - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Euro Weakens as Draghi Announces Expanded Asset-Purchase Program

Euro Weakens as Draghi Announces Expanded Asset-Purchase Program | EconMatters | Scoop.it
The euro weakened toward an 11-year low against the dollar as the European Central Bank expanded its bond-buying program to include government bonds, a policy that tends to debase the currency.
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Central Banks Step Up Low-Inflation Fight as Canada Cuts Rate

Central Banks Step Up Low-Inflation Fight as Canada Cuts Rate | EconMatters | Scoop.it
Global central banks intensified their battle against slowing inflation as the risk of defeat mounts.
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Iraq Says Oil Output Must Rise to Compensate for Price Drop

Iraq Says Oil Output Must Rise to Compensate for Price Drop | EconMatters | Scoop.it
Iraq, the nation adding more new oil to global markets than any other supplier in OPEC, said it needs to boost production and exports of crude to compensate for collapsing prices.
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Iran Sees ‘No Threat’ from Oil at $25 If Prices Keep Tumbling

Iran Sees ‘No Threat’ from Oil at $25 If Prices Keep Tumbling | EconMatters | Scoop.it
OPEC has no immediate plan to cut its output target for crude, and Iran is strong enough to withstand a deeper slump in prices even if the country must sell at $25 a barrel, Oil Minister Bijan Namdar Zanganeh said.
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U.S. Envoy Heads to Cuba for First Time Since Carter Amid Reset

U.S. Envoy Heads to Cuba for First Time Since Carter Amid Reset | EconMatters | Scoop.it
When Roberta Jacobson’s plane touches down in Havana this week, she will be the highest-ranking U.S. diplomat to visit the island since President Jimmy Carter’s administration. Her job? Help restore diplomatic relations severed at the height of the Cold War.
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Crude Oil Erases Advance on OPEC's Reduced Demand Forecast

Crude Oil Erases Advance on OPEC's Reduced Demand Forecast | EconMatters | Scoop.it
West Texas Intermediate oil fell for the fourth time in five days as OPEC said it expects weaker demand for its crude and U.S. output climbed to the highest in records dating to January 1983.
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Copper meltdown could be a harbinger of stock market woe

The red metal's slide reflects both the weakness of the global economy and the power of global disinflation
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Crude Oil Rallies 6 Percent in New York, Surpassing $50 a Barrel

Crude Oil Rallies 6 Percent in New York, Surpassing $50 a Barrel | EconMatters | Scoop.it
Oil futures surged for a second day in New York, exceeding $50 a barrel for the first time since Jan. 6 and extending a rebound from a 5 1/2-year low.
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Crude's spike tallies up best day in 2 ½ years

Crude's spike tallies up best day in 2 ½ years | EconMatters | Scoop.it
U.S. crude oil surged on Wednesday, posting its biggest one-day percentage gain since June 2012.
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Meet the New King, Same as the Old King: Price-Crushing Oil Policy Stands

Meet the New King, Same as the Old King: Price-Crushing Oil Policy Stands | EconMatters | Scoop.it
King Salman, Saudi Arabia’s new ruler, will keep Oil Minister Ali Al-Naimi in his post, bolstering expectations that he will continue the policy of maintaining crude output to preserve market share even as prices have plunged.
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Saudi Arabia’s King Abdullah Is Dead, Prince Salman Named King

Saudi Arabia’s King Abdullah Is Dead, Prince Salman Named King | EconMatters | Scoop.it
Saudi Arabia’s King Abdullah died and has been succeeded by Prince Salman, state-run Saudi media reported, citing the royal court.
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Oil Slips as U.S. Crude Stockpiles Surge Most in 14 Years

Oil Slips as U.S. Crude Stockpiles Surge Most in 14 Years | EconMatters | Scoop.it
Oil extended losses after a government report showed that U.S. crude supplies surged the most in almost 14 years.
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Oil Falls as ECB Asset Purchase Program Boosts Dollar

Oil Falls as ECB Asset Purchase Program Boosts Dollar | EconMatters | Scoop.it
Oil retreated as the dollar strengthened against the euro after the ECB announced an expanded asset- purchase program.
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Gold's Relationship to Oil Flips With Deflation Risks on the Rise

Gold's Relationship to Oil Flips With Deflation Risks on the Rise | EconMatters | Scoop.it
Gold’s relationship to oil has been turned on its head.
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ECB Seeks to Inject Up to 1.1 Trillion Euros Into Economy in Deflation Fight

ECB Seeks to Inject Up to 1.1 Trillion Euros Into Economy in Deflation Fight | EconMatters | Scoop.it
Mario Draghi called on the European Central Bank to make its biggest push yet to fend off deflation and revive the economy by unleashing a debt-buying spree of 1.1 trillion euros ($1.3 trillion).
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BHP Cuts U.S. Shale Spending as Oil to Iron Ore Prices Decline

BHP Cuts U.S. Shale Spending as Oil to Iron Ore Prices Decline | EconMatters | Scoop.it
BHP Billiton Ltd., the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40 percent as plunging petroleum prices add to concerns about lower iron ore earnings.
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ECB May Deliver $635 Billion to Steer Euro Away From Deflation

ECB May Deliver $635 Billion to Steer Euro Away From Deflation | EconMatters | Scoop.it
Mario Draghi is likely to announce a 550 billion-euro ($635 billion) bond-purchase program this week and won’t skimp too much on the details, economists say.
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She's No Greenspan: Yellen Signals She Won't Babysit Markets in Turmoil

She's No Greenspan: Yellen Signals She Won't Babysit Markets in Turmoil | EconMatters | Scoop.it
Janet Yellen is leaving the Greenspan “put” behind as she charts the first interest-rate increase since 2006 amid growing financial-market volatility.
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Putin will meet in Moscow with Venezuelan President

Russian President Vladimir Putin on Thursday will hold a meeting in Moscow with the head of Venezuela’s Nicolas Maduro, will discuss the situation on the world oil markets and the implementation of joint energy projects.

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North Dakota monthly crude production hits new high in Nov; rig count falls

North Dakota monthly crude production hits new high in Nov; rig count falls - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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