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Debt crisis: all 17 eurozone countries face losing AAA credit status - Telegraph

Debt crisis: all 17 eurozone countries face losing AAA credit status  - Telegraph | EconMatters | Scoop.it
European leaders have been threatened with a downgrade in their credit ratings
if a Franco-German plan to resolve the eurozone debt crisis does not soon
show progress.
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Russian State Duma Bans Import and Production of GMOs

The Russian State Duma has passed a bill banning the import and production of genetically modified organisms (GMOs), the state-run news agency TASS reported Friday.
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Amazon’s Newest Ambition: Competing Directly With UPS and FedEx

Amazon’s Newest Ambition: Competing Directly With UPS and FedEx | EconMatters | Scoop.it
To constrain rising shipping costs, Amazon.com is building its own delivery operation, setting up a clash with its shipping partners
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Ronald Reagan Auction Rakes In A Staggering $5.7 Million

Ronald Reagan Auction Rakes In A Staggering $5.7 Million | EconMatters | Scoop.it
More than 400 lots from the Reagan estate sold for astonishing sums at Christie's New York.
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Imports Decline at Southern California Ports, Retailers worried about weak holiday sales

Imports Decline at Southern California Ports, Retailers worried about weak holiday sales | EconMatters | Scoop.it
Retailers worried about weak holiday sales brought in fewer foreign goods in August than they did last year at the nation’s busiest port complex
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Iran signals more willingness for OPEC action to boost oil price

Iran signals more willingness for OPEC action to boost oil price | EconMatters | Scoop.it
Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.
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The Unstable Economics in Obama’s Health Law

The Unstable Economics in Obama’s Health Law | EconMatters | Scoop.it
Barack Obama’s signature health-care law is struggling for one overriding reason, Greg Ip writes: Selling mispriced insurance is a precarious business model.
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Greenspan Sees U.S. Interest Rates Rising Soon, Perhaps Rapidly

Greenspan Sees U.S. Interest Rates Rising Soon, Perhaps Rapidly | EconMatters | Scoop.it
Former Federal Reserve Chairman Alan Greenspan forecast that interest rates will begin rising soon, perhaps rapidly.
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BHP Billiton Reports Worst-Ever Annual Loss

BHP Billiton Reports Worst-Ever Annual Loss | EconMatters | Scoop.it
BHP Billiton swung to a huge full-year loss and cut its final dividend by 77% as it recorded large write-downs.
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Fed’s Lockhart Says At Least One Rate Hike May Be Needed in 2016

Fed’s Lockhart Says At Least One Rate Hike May Be Needed in 2016 | EconMatters | Scoop.it
Federal Reserve Bank of Atlanta President Dennis Lockhart said he’s confident that U.S. economic growth is accelerating, setting the stage for at least one increase in interest rates this year.
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Oil Income Falling, Saudi Arabia Raises Government Fees and Fines

Oil Income Falling, Saudi Arabia Raises Government Fees and Fines | EconMatters | Scoop.it
Saudi Arabia, faced with dwindling energy income, has sharply increased government fees such as visa charges as part of a range of measures aimed at raising revenue from non-oil sources.
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Low Oil Price Fuels Chinese Imports—and Exports

Low Oil Price Fuels Chinese Imports—and Exports | EconMatters | Scoop.it
The latest dip in oil prices below $40 a barrel stands to boost China’s already-growing reliance on imported crude—and its exports of refined products like gasoline.
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OPEC Chief Says Members Won’t Make Output Decision in Algiers

OPEC Chief Says Members Won’t Make Output Decision in Algiers | EconMatters | Scoop.it
OPEC’s secretary-general said the group won’t make any decision on limiting output when it meets later this month in the Algerian capital.
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China’s Ambitious Plan to Make the Yuan the World’s Go-To Currency

China’s Ambitious Plan to Make the Yuan the World’s Go-To Currency | EconMatters | Scoop.it
China’s long-held desire to provide an alternative to the U.S. dollar will get a boost on October 1, when the yuan enters the International Monetary Fund’s basket of reserve currencies, placing it alongside the pound, euro, yen and dollar. The yuan’s ascent is likely to advance China’s economy—and its standing in the world.
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Fees rocket for collapsed cargo giant Hanjin's clients

Fees rocket for collapsed cargo giant Hanjin's clients | EconMatters | Scoop.it
The collapse of the South Korean shipping giant Hanjin is driving costs higher for its UK customers, posing a threat to smaller players.
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South China Sea: China building more islands?

South China Sea: China building more islands? | EconMatters | Scoop.it
The Philippines military has released images of Chinese ships it said were capable of dredging sand around the Scarborough Shoal -- but Beijing has denied it's reclaiming land.
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Shale Drillers Return to Oil Patch Threatening Oil Prices

Shale Drillers Return to Oil Patch Threatening Oil Prices | EconMatters | Scoop.it
As the price of U.S. crude marches back toward $50-a-barrel territory, several big shale drillers are tiptoeing back into the oil patch, and that is making some energy experts nervous.
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Oil Companies Need Prices to Keep Rising Past $50 a Barrel

Oil Companies Need Prices to Keep Rising Past $50 a Barrel | EconMatters | Scoop.it
A rally that pushed international crude-oil prices above $50 a barrel Thursday is a welcome sign for many energy companies but not enough to kick-start an industry in the midst of a two-year slump, executives said.
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Rio 2016: Brazil Removes Two U.S. Olympic Swimmers From Flight

Rio 2016: Brazil Removes Two U.S. Olympic Swimmers From Flight | EconMatters | Scoop.it
Brazilian authorities removed two American Olympians from their flight to the U.S. late Wednesday, as police escalated an investigation into an alleged armed robbery of U.S. Olympic star Ryan Lochte and three other swimmers.
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Walmart’s Out-of-Control Crime Problem Is Driving Police Crazy

Walmart’s Out-of-Control Crime Problem Is Driving Police Crazy | EconMatters | Scoop.it
offloads the job to the police at taxpayers’ expense
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Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling

Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling | EconMatters | Scoop.it
BP and other big oil companies, with dismal records at fracking, are trying to master the tricky drilling technology so they can make money on domestic wells.
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One person shot in Milwaukee during second night of unrest | Fox News

One person shot in Milwaukee during second night of unrest | Fox News | EconMatters | Scoop.it
I won’t be happy until these creep rioters crawl back in their hole,
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EIA: Gasoline Prices to Fall Below $2/Gallon Later This Year

EIA: Gasoline Prices to Fall Below $2/Gallon Later This Year | EconMatters | Scoop.it
U.S. gasoline prices are set to fall below $2 a gallon on average in October and stay there through the winter, according to the Energy Information Administration.
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Oil settles above  $40 as big US gasoline drawdown offsets crude build

Oil settles above  $40 as big US gasoline drawdown offsets crude build | EconMatters | Scoop.it
Oil prices surged on Wednesday after as a larger-than-expected weekly gasoline inventory draw offset a surprise build in crude stockpiles.
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