Venezuela’s new opposition congress on Wednesday swore in three lawmakers barred by the Supreme Court from taking their seats, setting up a direct confrontation with the ruling socialists in this Continue Reading
The pace of China’s falling currency, now at its lowest level in nearly five years, has raised the prospect of renewed intervention by the central bank as Beijing seeks to Continue Reading
China is building underground caverns capable of holding up to a quarter of its expanded strategic oil reserves by 2020, as it looks for new storage methods away from expensive Continue Reading
The 2016 global equity sell-off has entered its fourth day. $2.5 trillion of value disappeared from stocks in the first three trading days of the year. Look no further than Continue Reading
Steep falls in Chinese equities pummeled global markets on Thursday, as widening concerns over the world’s No. 2 economy pushed investors out of shares, oil and metals. The selloff came Continue Reading
China’s entire equity market was shuttered within half an hour of opening after falling 7 per cent on further currency weakness as government rescue efforts failed to deter the tide Continue Reading
TransCanada said on Wednesday that it would seek $15 billion in damages over the Obama administration’s decision to cancel the company’s Keystone XL pipeline project. The company is taking the Continue Reading
U.S. shale player Pioneer Natural Resources said it aims to boost production by at least 10 percent and spend around $2.6 billion despite the weakened market. Pioneer said it plans Continue Reading
While emerging as a shale leader in the United States, the governor of Oklahoma said the state is facing 2016 with a major gap in its budget. In a New Continue Reading
Despite some planned mega-mergers, market uncertainty meant few companies were willing to join forces in last year’s weakened energy economy, analysis finds. An emailed report from consultant firm IHS found Continue Reading
