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Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B

Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B | 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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Halliburton says it has cut 9,000 jobs or 10% of workforce in wake of oil price drop

Halliburton says it has cut 9,000 jobs or 10% of workforce in wake of oil price drop | EconMatters | Scoop.it
Halliburton executives disclosed the job cuts Monday on a conference call with investors. 
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Baker Hughes Cuts 17% of Staff, Closes Facilities Amid Oil’s Fall

Baker Hughes Cuts 17% of Staff, Closes Facilities Amid Oil’s Fall | EconMatters | Scoop.it
Baker Hughes said it has cut 17% of its workforce, and the oil-field-services company closed or consolidated 140 facilities during the first quarter amid falling oil prices. The company also reported first-quarter results that came in sharply below Wall Street expectations.
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Abu Dhabi committed to oil, gas sector, protecting OPEC share of world market

Abu Dhabi committed to oil, gas sector, protecting OPEC share of world market | EconMatters | Scoop.it
Abu Dhabi committed to oil, gas sector, protecting OPEC share of world market - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Major Chinese Developer Says It Can’t Pay Dollar Debts

Major Chinese Developer Says It Can’t Pay Dollar Debts | EconMatters | Scoop.it

Kaisa Group Holdings Ltd. became China’s first developer to default on its U.S. currency debt after failing to honor missed payments on two dollar bonds

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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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Poland bars Russia's Night Wolves bikers over security - BBC News

Poland bars Russia's Night Wolves bikers over security - BBC News | EconMatters | Scoop.it
Poland refuses entry to Putin-supported biker group Night Wolves, saying it cannot ensure security for the gang on its WW2 commemorative ride.
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Three Japan Cabinet Members Visit Yasukuni Shrine

Three Japan Cabinet Members Visit Yasukuni Shrine | EconMatters | Scoop.it
Less than a day after the leaders of Japan and China met, three members of Prime Minister Shinzo Abe’s cabinet visited Yasukuni Shrine in Tokyo on Thursday,
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CERA 2015: Near-term oil price rebound unlikely: BP's Dudley

CERA 2015: Near-term oil price rebound unlikely: BP's Dudley - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Brazil's Petrobras secures loans to cover 2015 operations, investments

Brazil's Petrobras secures loans to cover 2015 operations, investments | EconMatters | Scoop.it
Brazil's Petrobras secures loans to cover 2015 operations, investments - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Greece to Seize Public-Sector Funds to Keep Afloat

Greece to Seize Public-Sector Funds to Keep Afloat | 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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China Moves to Stimulus Mode With Cut to Bank Reserve Ratio

China Moves to Stimulus Mode With Cut to Bank Reserve Ratio | EconMatters | Scoop.it

China’s leaders swung into stimulus mode, cutting the amount of cash lenders must set aside as reserves by the most since the global financial crisis just days after a report showed the slowest economic growth in six years.

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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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