Search Results for: oil
Can You Imagine The Fed Raising Rates In This World? Currency Crisis Edition
August 13th, 2015
A month ago China’s stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common sense, was still promising to raise interest rates come September. Fast forward to this ...
China central bank tries to soothe global markets, says no basis for yuan to fall further
August 13th, 2015
China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As ...
The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran
August 12th, 2015
June – July 2015 Update The U.S. Energy Information Administration (EIA) estimates that global oil inventories grew by an average of 2.5 million barrels per day (b/d) in June and July, sharply exceeding the 0.4 million b/d build during ...
Yuan cut clobbers markets, rekindles fear of forex war
August 12th, 2015
China’s 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic momentum. Wall Street ended lower as investors contemplated the implications ...
Bank of Russia Gets Putin’s Praise, Opts for Verbal Intervention
August 10th, 2015
Russian President Vladimir Putin commended the central bank for its efforts to keep the ruble stable after policy makers called for calm as the currency headed for a six-month low. “The central bank is doing a lot to strengthen ...
Algorithmic Trading: The Play-at-Home Version
August 10th, 2015
Building computer trading models has become the latest DIY craze After more than 100 hours of coding over three months, Mike Soule was finally ready to switch on his project. He didn’t know what to expect. If things went ...
China Calls On Brokers to Help Stabilize Market
August 10th, 2015
Regulator warns margin trading must be kept in line with the capital strength, risk-management capabilities of firms China’s securities regulator said Friday that it has called on the nation’s securities brokers and fund managers to help stabilize the stock ...
Suez Canal Upgrade May Not Ease Egypt’s Economic Journey
August 7th, 2015
“Egypt Rejoices,” the television networks and newspapers declared, announcing “Egypt’s gift to the world.” Businesses were closed, the streets of Cairo were empty, and the airwaves were full of patriotic songs and music videos — all featuring adoring images of ...
OPEC leader Saudi Arabia is having to borrow money
August 7th, 2015
Saudi Arabia is not as rich as you thought. The oil kingdom is facing a big hole in its budget, caused by the slump in oil prices and a sharp rise in military spending. That’s forcing the government to ...
Greece: Greek bank stocks soar – Greece makes loan interest payment to IMF
August 7th, 2015
What you should know for Greece today: Bank stocks led a much-needed Greek bourse rebound on Thursday, making up some of the ground lost in the first three sessions since the market reopened. However, traders viewed the recovery more ...
