Saudi Arabia Refuses to Bow to Pressure to Cut Oil Production
Market share continues to be Saudi Arabia’s main concern—and not even $40 oil prices will make i...
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IMF’s Lagarde Warns of Spillover Risks From Recent Volatility
Recent volatility in global financial markets shows how rapidly risks can spill over from one econom...
Europe Seen Higher as Panic in Asia Eases
Stability in Asian markets overnight is offering support to European indices ahead of the open on We...
Fed’s Rosengren Says Central Bank to Gradually Raise Interest Rates
The Federal Reserve will probably only gradually raise interest rates, irrespective of whether it de...
Oil Prices Lower in Asian Session
Oil prices fell as much as over 2 percent in early Asian trade on Wednesday, as a stronger than expe...
Canadian PM Avoids Recession on the Campaign Trail
Prime Minister Stephen Harper, campaigning for a fourth term on a record of economic growth, has ref...
Iran to Ramp Oil Production After End of Sanctions
Iran has been shut out of Western oil markets for years due to sanctions, but those restrictions wil...
US Stock Market Lost 2.8% on Tuesday
World stock markets got off to a rocky start in September closing sharply down on fears that Chinaâ€...
Australia Grows Mere 0.2% in Q2
The economy stuttered during the three months to the end of June, undermined by reduced mining and c...
Russian Oil Producers Threaten to Slow Production
Russia’s deputy prime minister Arkady Dvorkovich said low prices have caused reduction in inve...
Oil Price Forces American Energy Companies to Shed Jobs
Big Oil is handing out more pink slips as it grapples with a world of cheap oil. ConocoPhillips (COP...
China Stocks Continue Volatile Losses
The benchmark Shanghai Composite shed 4.2% at the opening bell, only to recover and lurch into posit...
Gold Rises Due to China Slowdown and Weak USD
Gold rose on Tuesday as the dollar and global equities dropped on fresh signs of economic weakness i...
August was the Worst Month for US Markets in 3 Years
August was a brutal month for investors. Fears about a slowdown in China’s economy and concern...
Market Awaits ECB Press Conference for More QE Hints
When is a trillion euros not enough? Could be soon, in Europe’s shaky economy. Analysts are al...
Tokyo Stocks Fall 700 points as Japanese and Chinese Data Disappoints
Tokyo stocks plummeted on Tuesday, with the Nikkei index ending down more than 700 points, as soft d...
Canada Enters into Technical Recession with Q2 Contraction
Canada has entered what many consider to be a recession as the country deals with the consequences o...
India’s Growth Stalls as Rest of BRICS Suffer Weak Growth
In the middle of a gloomy global landscape, economists were looking to India to provide a rare brigh...
Chinese Investors Rattled by Manipulation Crackdown
Investigations by Chinese authorities into wild stock market swings are spreading fear among China-b...
Oil Drops After Weak Chinese Data
Oil prices fell sharply on Tuesday after official data showed China’s manufacturing sector, on...