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.
“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.
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
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.
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
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"
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.
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.
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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