NEWSWORTHY
The tiny, energy-rich Arab nation of Qatar announced on Monday it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel's constraints with the politics of slighting the Saudi-dominated group amid the kingdom's boycott of Doha. The surprise announcement from Qatar's ...
The U.S. government Friday took a big step toward opening oil and gas drilling in the Atlantic Ocean by approving seismic airgun tests that experts warn are harmful to dolphins and whales. Last year, President Donald Trump signed an executive order to expand offshore drilling, ...
How the lifelines of the economy feed and fuel Japan
Given Japan's low food self-sufficiency ratio and dearth of energy resources, the sōgō shōsha have acted as a lifeline to Japan's economy through the import of foodstuffs and energy resources. However, the sōgō shōsha's involvement goes far beyond just importation. Here, I would like to ...
Trudeau cuts Canadian business taxes to keep pace with U.S. moves, deferring deficit reduction
Justin Trudeau is offering tax breaks to business instead of cutting Canada's deficit, as his Liberal government uses a revenue windfall to keep pace with U.S. tax reform. Trudeau's finance minister, Bill Morneau, unveiled corporate tax breaks worth 14 billion Canadian dollars ($10.5 billion) over ...
U.S. President Donald Trump on Wednesday ignored criticism that he gave Saudi Arabia a free pass on the murder of a dissident journalist, instead praising the Islamic kingdom for keeping oil prices low. Trump, on holiday at his Florida Mar-a-Lago Club, doubled down on an ...
2% plunge as Dow rout continues amid tech woes, oil price fall
Stocks are skidding Tuesday as weak results from retailers and mounting losses for big technology companies push the market back into the red for the year. Energy companies are slumping because of a 7 percent plunge in the price of oil. Crude is on track ...
Bank of Japan's price forecasts are headed for another crash with oil
The sharp slide in oil prices threatens to halve Japan's inflation rate over the next six months, while cheaper mobile phone bills and free nursery education could even push it below zero. This view from private sector economists is very much at odds with the ...
'Yellow vest' protests block fuel depots in France, as retailers feel the pinch
Protesters angered by higher fuel taxes blocked access to three oil depots in France and sporadic unrest erupted in the overseas territory of Reunion, in a third day of demonstrations against President Emmanuel Macron's economic reforms. Up to 20,000 protesters clad in fluorescent high-visibility jackets ...
U.S. consumer inflation rises but falling oil prices may slow momentum
U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month. Though overall inflation ...
In rare twist, Trump camp sides with Native Americans in sacred tribal land drilling dispute
The Trump administration plans to appeal a federal court ruling that would allow oil and gas drilling on land considered sacred to Native American tribes in Montana and Canada, U.S. Interior Secretary Ryan Zinke said Tuesday. Zinke said it would be inappropriate to allow drilling ...
Trump blasts Saudi Arabia over oil output cut as relations fray further
President Donald Trump took aim at Saudi Arabia's plan to cut oil production on Monday, injecting new tension into an already fraught alliance that has been clouded by U.S. concerns over the killing of journalist Jamal Khashoggi and the ongoing conflict in Yemen. Trump's efforts ...
U.S. stocks dive over 500 points amid tech stock slide, Apple worries
A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking more than 500 points off the Dow Jones Industrial Average. Apple, Amazon, Goldman Sachs and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy ...
