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U.S. Sent B-52s Into China Air Zone, Official Says

U.S. Sent B-52s Into China Air Zone, Official Says | EconMatters | Scoop.it
The U.S. flew two unarmed B-52 bombers into a disputed air-defense zone claimed by China, the first test of China’s response amid escalating tensions in the region that have implications for international air travel.
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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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Asian Currencies Surge After Fed Lowers Outlook for Rate Increases

Asian Currencies Surge After Fed Lowers Outlook for Rate Increases | EconMatters | Scoop.it
Asian currencies surged against the U.S. dollar Thursday after the Fed lowered its forecasts for the expected pace of future rate increases, underscoring the difficulty faced by regional central bankers as they try to stoke higher growth from export-driven economies.
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Oil crash: Halliburton slashes another 5,000 jobs

Oil crash: Halliburton slashes another 5,000 jobs | EconMatters | Scoop.it
Halliburton plans to cut its global workforce by another 8%, or roughly 5,000 positions.
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The Glaring Problem With Oil Giants' Production Freeze

The Glaring Problem With Oil Giants' Production Freeze | 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 Sachs Abandons Five of Six 'Top Trade' Calls for 2016

Goldman Sachs Abandons Five of Six 'Top Trade' Calls for 2016 | 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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Oil Prices Could Jump 50% by the End of 2016

Oil Prices Could Jump 50% by the End of 2016 | 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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Oil Woes Hit Saudi Banks With Stocks Cheaper Than Assets

Oil Woes Hit Saudi Banks With Stocks Cheaper Than Assets | EconMatters | Scoop.it
Saudi Banks Show Signs of Stress With Stocks Cheaper Than Assets
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Saudi Arabia presents plan to move beyond oil

Saudi Arabia presents plan to move beyond oil | EconMatters | Scoop.it
Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil.
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Obama urged to stand by Taiwan

One of the US’ most influential newspapers has urged US President Barack Obama to make clear that Washington would “respond” to any attempt by China to intimidate the incoming Taiwanese government.
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Nigeria Seeks Emergency OPEC Meeting

Nigeria Seeks Emergency OPEC Meeting | EconMatters | Scoop.it
Nigeria’s top oil official used a panel at the World Economic Forum in Davos to plead for an emergency meeting of the Organization of the Petroleum Exporting Countries.
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JPMorgan: A Strong Loonie Means the Next Domino In Canada's Oil Patch Could Fall Soon

JPMorgan: A Strong Loonie Means the Next Domino In Canada's Oil Patch Could Fall Soon | 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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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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Chinese tourism spending leaps 53% in a year - FT.com

Chinese tourism spending leaps 53% in a year - FT.com | EconMatters | Scoop.it
Chinese consumers fuelled a travel and tourism boom last year, despite the country’s economic slowdown. Chinese tourists spent $215bn outside mainland China in 2015, according to figures released on Monday by the World Travel & Tourism Council, a 53
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US oil closes at $35.92, posts 9.5% weekly gain

US oil closes at $35.92, posts 9.5% weekly gain | EconMatters | Scoop.it
U.S. oil prices rallied again on Friday after a one-day pause, helped by strong U.S. jobs data and technical buying.
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“The 2016 Market Meltdown” and “The Golden Age” | CNA Finance

“The 2016 Market Meltdown” and “The Golden Age” | CNA Finance | EconMatters | Scoop.it
The majority of the world’s stock indices topped out this month on Monday, February 1st, 2016 after a strong oversold technical bounce in price. Several indexes
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Saudi Arabia, Russia to Freeze Oil Output Near Record Levels

Saudi Arabia, Russia to Freeze Oil Output Near Record Levels | EconMatters | Scoop.it
Saudi Arabia and Russia agreed to freeze oil output at near-record levels, the first coordinated move by the world’s two largest producers to counter a slump that has pummeled economies, markets and companies.
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Extreme sports icon Dave Mirra is dead from an apparent suicide at 41

Extreme sports icon Dave Mirra is dead from an apparent suicide at 41 | EconMatters | Scoop.it
Mirra is survived by his wife and two children.
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Zika-linked condition: WHO declares global emergency - BBC News

Zika-linked condition: WHO declares global emergency - BBC News | EconMatters | Scoop.it
A disease linked to the Zika virus in Latin America poses a global public health emergency requiring a united response, says the World Health Organization.
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NYC under travel ban from deadly East Coast snowstorm

NYC under travel ban from deadly East Coast snowstorm | EconMatters | Scoop.it
At least nine people died in storm-related crashes in Tennessee, Kentucky, North Carolina and Virginia, the Associated Press reported. In Virginia alone, nearly 1,000 car crashes were reported by late Friday.
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A Troubling U.S. Silence on Taiwan

A Troubling U.S. Silence on Taiwan | EconMatters | Scoop.it
As China threatens the island democracy, Hillary Clinton and most Republicans keep mum, says David Feith in The Wall Street Journal.
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Dow Falls 400 Points as Global Rout Deepens Amid Plunge in Crude

Dow Falls 400 Points as Global Rout Deepens Amid Plunge in Crude | EconMatters | Scoop.it
Turmoil returned to global markets as oil plunged and the Dow Jones Industrial Average sank 400 points, fueling a rush into haven assets.
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