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Oil prices below $50 are simply not going to cut it in the U.S. shale oil patch, Moody’s analysts say in a new research note. Exploration and production companies have managed to drive down their costs since oil prices crashed in late 2014. But Moody’s believes it will be difficult …
Read More »Saudi women to be allowed to drive from age 18, same as men
Reem Baeshen | AFP | Getty Images A Saudi woman drives her car along a street in the Saudi coastal city of Jeddah, on September 27, 2017. Saudi women will be allowed to drive from the age of 18, a government spokesman said on Thursday, partially allaying speculation they could …
Read More »Trump’s tax plan will boost GDP, lift stocks and force a Fed rethink, RBC says
Jonathan Ernst | Reuters President Donald Trump delivers remarks to reporters as he meets with members of the House Ways and Means Committee about proposed changes to the U.S. tax code at the White House in Washington, U.S. September 26, 2017. Economists at the Royal Bank of Canada gave an …
Read More »Toshiba sells chip unit to Bain-Apple group for $18 billion
Hitoshi Yamada | NurPhoto | Getty Images The logo of Toshiba Corp is seen at the company’s facility in Kawasaki, south of Tokyo, Japan February 28, 2017. Toshiba agreed Thursday to sell its chip division for 2 trillion yen ($17.7 billion) to a Bain Capital-led consortium that involves large U.S. …
Read More »Facebook, Google probes proliferating in Washington
Getty Images / David Paul Morris | Bloomberg | Getty Images Facebook CEO Mark Zuckerberg, left, and Google CEO Larry Page When Facebook asked the Federal Election Commission for a waiver from disclosure rules on political advertising in 2011, its request was backed in force by Republicans and Democrats alike. …
Read More »Nigeria, Africa’s biggest oil producer, on the brink of energy attacks
“Militant groups are running out of patience, the government is unable to deliver on its promises, the president is a ‘lame duck’, and the umbrella group negotiating on behalf of the militants shows signs of disintegration,” Malte Liewerscheidt , senior analyst at Verisk Maplecroft wrote in a briefing this month. …
Read More »China will eventually be Tesla’s biggest market, analyst predicts
Qilai Shen | Bloomberg | Getty Images Customers look at a Tesla Motors Inc. Model X electric vehicle on display at the company’s showroom in Shanghai, China, on Tuesday, Sept. 12, 2017. Tesla investors should get excited over the company’s potential in the world’s largest auto market, according to one …
Read More »German finance minister Schaeuble to become parliament president: Source
Francois Lenoir | Reuters German Finance Minister Wolfgang Schaeuble arrives at a euro zone finance ministers meeting in Brussels, Belgium, August 14, 2015. German Finance Minister Wolfgang Schaeuble will become President of the German parliament, a position that would require him to quit as minister, a conservative party source told …
Read More »Russia may retaliate against US over military observation flights
US Navy | Reuters A U.S. Navy picture shows what appears to be a Russian Sukhoi SU-24 attack aircraft making a very low pass close to the U.S. guided missile destroyer USS Donald Cook in the Baltic Sea in this picture taken April 12, 2016 and released April 13, 2016. …
Read More »North Korea officials try to meet Republican analysts to figure out Trump
KCNA | Reuters North Korean leader Kim Jong Un speaks in an undated photo released April 26, 2015, by North Korea’s Korean Central News Agency. North Korean government officials have been trying to arrange meetings with Republican-linked analysts in Washington to better understand President Donald Trump and his messages to …
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