The global economy is set to grow by almost 4% in 2018 in purchasing power parity (PPP) terms, adding an extra $5 trillion to global output at current values, according Continue Reading
China has criticized officials in the industrialized province of Shandong for deceiving authorities to evade capacity cuts in the polluting coal, steel, aluminum and chemical sectors, and slammed another province Continue Reading
Commodity and energy trading houses have proven that they can adapt their business model in an economy that imposes more capital requirements and regulations every day. These companies have invested Continue Reading
Last year, shortly after the election, the coal baron Robert Murray received a phone call from President-elect Donald Trump. “He said, ‘Tell your coal miners I got their backs,’ ” Continue Reading
I was recently asked to give a talk called, “ The Approaching US Energy-Economic Crisis .” In other words, how might the United States encounter problems that lead to a Continue Reading
Growth in the developed economies of Asia should continue, especially if crude oil prices stay at moderate levels, the Asian Development Bank said. “Growth prospects for developing Asia are looking Continue Reading
After six consecutive monthly gains, U.S. industrial production fell by 0.9 percent in August as Hurricane Harvey hit Gulf Coast refining, chemicals, and plastics materials production, the Federal Reserve said Continue Reading
f you’re looking for a way to express something that’s staggeringly hard to count, you won’t find a more reliable metaphor than grains of sand. There is indeed quite a Continue Reading
When most of us think of limited resources, typically fossil fuels, trees or fresh water reserves come to mind. But, can we now add sand to the list? Well, according Continue Reading
By 2027 the world could be facing a 214 trillion calorie deficit, says Sara Menker, founder and chief executive of Gro Intelligence, an agricultural data technology company. In other words, Continue Reading
The persistent belief that global economic growth is “dangerously slow” and fragile is just a myth, DBS said in a note on Thursday. “If you’re worried about slow growth today, Continue Reading
Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people Continue Reading
If Independence Day were about feting the U.S. weaning itself from foreign oil and forging a renewables future, the man behind our call of the day probably wouldn’t be sounding Continue Reading
Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it Continue Reading
Central bankers have voiced fears about the Chinese economy as corporate debt rises faster than GDP A new financial crisis is brewing in the emerging economies and it could hit Continue Reading
Metrics measuring consumer demand for fuels and related products in the United States were indicative of an improving economy, a trade group said. The American Petroleum Institute reported total petroleum Continue Reading
Champagne wasn’t the only thing bubbling at the start of 2017 for U.S. manufacturers: So was inflation, a potential warning sign in an otherwise broadly positive report on American factories. Continue Reading
Kazakh President Nursultan Nazarbayev says the country’s sovereign-wealth fund has the money to help wean the central Asian nation off its dependence on oil revenues and build an economy of Continue Reading
Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the Continue Reading
Forget the stagflation of the 1970s. Higher oil prices would be a boon for the global economy, according to Goldman Sachs Group Inc. Pricey crude means economies such as Saudi Continue Reading
For the second time in three months and the sixth time this year, new-vehicle retail sales in November are expected to slip from year-ago levels, according to a monthly sales Continue Reading
Some semblance of stabilization in the energy sector has resulted in a net positive for the state of the Texas economy, a regional banker said. The Federal Reserve Bank of Continue Reading
We have been hearing a great deal about IMF concerns recently, after the release of its October 2016 World Economic Outlook and its Annual Meeting October 7-9. The concerns mentioned Continue Reading
Low commodity prices, weak confidence drag down growth Nigeria’s economy forecast to contract 1.7% this year The International Monetary Fund has cut its 2017 economic growth forecasts for Africa’s two Continue Reading
Commodities drop as oil retreats from three-month high India’s rupee advances after the RBI cuts interest rates The dollar strengthened as hawkish comments from a Federal Reserve official spurred wagers Continue Reading
Household incomes surged last year in the US, suggesting American middle class fortunes are improving in defiance of the dark rhetoric that has dominated the presidential election campaign. A strengthening labour Continue Reading
After months of conflicting signals and economic uncertainty, it became clear on Friday that the American jobs machine has moved back into high gear. A report from the Labor Department Continue Reading
As Federal Reserve officials anxiously scan the aftershocks of the Brexit vote in the coming days, the reaction of the US dollar in currency markets will be front and centre Continue Reading
Lingering strains for a weak oil economy means the Texas city of Houston may be on the brink of recession, a report from a federal reserve bank said. Houston hosts Continue Reading
The Federal Reserve is expected to keep interest rates unchanged on Wednesday and signal if it still plans to raise rates twice in 2016 amid concerns about a U.S. hiring Continue Reading
The economic outlook for the state of Oklahoma is negative as the revenue stream ebbs as a result of lower oil prices, Moody’s Investors Service says. Moody’s said Oklahoma’s credit Continue Reading
US business leaders have offered a bleak view of the American economy, lowering their growth forecast for this year and urging the Federal Reserve to be cautious about raising interest Continue Reading
For seven years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5 Continue Reading
A sharp drop in oil prices and global growth worries sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day in volatile trading Continue Reading
WASHINGTON (AP) — The World Bank is reducing its forecast for the global economy this year – again. The aid agency now predicts that growth will reach 2.4 percent this Continue Reading
Janet Yellen speaks at a World Affairs Council of Philadelphia event on Monday. Federal Reserve Chairwoman Janet Yellen affirmed Monday that the central bank won’t be raising short-term interest rates Continue Reading
Hiring by US employers slowed last month to the weakest pace since 2010, clouding the economic picture and dealing a blow to the prospects for a Federal Reserve rate increase Continue Reading
People enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York October 7, 2014. A strike by Verizon workers likely crimped U.S. job gains Continue Reading
U.S. corporate profits, hit hard last year by the energy downturn and strong dollar, show signs of stabilizing as oil prices dance around $50 a barrel and economic growth appears Continue Reading
Mortgage delinquencies have climbed in the U.S. counties whose employment rates were hardest-hit by the… The year-and-a-half-long spell of low oil prices is making it hard for households to pay Continue Reading
Federal Reserve officials felt the U.S. economy could be ready for another interest rate increase in June, according to the minutes from the central bank’s April policy meeting released on Continue Reading
You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown. In the “real economy”, stuff is bought and sold and Continue Reading
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not Continue Reading
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not Continue Reading
U.S. economic growth braked sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a Continue Reading
The dollar headed for its lowest close in almost a year as signs of slowing growth in the U.S. dimmed prospects for a Federal Reserve interest-rate increase. Stocks fell and Continue Reading
Former President Bill Clinton is worried that a “crisis” of global proportions is around the corner, but that presumptive president Hillary Clinton will “know what to do” when it happens. Continue Reading
Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a Continue Reading
A report by the Stockholm International Peace Research Institute has revealed that most of the world’s nations hiked their military budgets last year, marking the first increase in spending since Continue Reading
It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks. Analysts say it has been the worst start to the year since Continue Reading
