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Saudi Arabia’s oil minister is going face-to-face with the people he’s putting out of business

Saudi Arabia’s oil minister is going face-to-face with the people he’s putting out of business Thomson ReutersFile picture of Saudi Arabian Oil Minister al-Naimi talking to journalists before a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna HOUSTON (Reuters) – This week, Saudi Oil Minister Ali Al-Naimi will for the first time face […]

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U.S. overtakes France to become Germany’s top trading partner

U.S. overtakes France to become Germany’s top trading partner Thomson ReutersA stamp on a toy car reading ‘Made in Germany” is pictured in Dortmund By Rene Wagner BERLIN (Reuters) – The United States became the top destination for German exports last year, overtaking France for the first time since 1961 thanks to an … Continue […]

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10 Clear Signs the Government Is Fibbing About the Economy

10 Clear Signs the Government Is Fibbing About the Economy Listen at charismapodcastnetwork.com. Late last week, financial headlines surrounding the possibility of an impending global recession made for a wild week on Wall Street. CNBC asked, “The health of the global economy has been gnawing at investors … Continue reading at charismanews.com Rand at best […]

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Asia stocks gain after oil rises, US manufacturing improves

Asia stocks gain after oil rises, US manufacturing improves SEOUL, South Korea (AP) — Asian stocks mostly posted strong gains on Thursday as a rebound in the price of oil and solid U.S. manufacturing data boosted European markets and Wall Street. KEEPING SCORE: Japan’s Nikkei 225 jumped 2.3 percent to 16,208.55 … Continue reading at […]

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Asian stocks meander as pact on oil output weighed

Asian stocks meander as pact on oil output weighed TOKYO (AP) — Asian stock markets meandered Wednesday as investors weighed a preliminary agreement between Russia and Saudi Arabia to hold off on further increases in crude oil production, possibly alleviating a growing glut in supply. KEEPING SCORE … Continue reading at wacotrib.com Stock Week Ahead: […]

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One of the world’s biggest mining companies is cutting 5,500 jobs because of the slowdown in China

One of the world’s biggest mining companies is cutting 5,500 jobs because of the slowdown in China Steve Dykes/Getty ImagesCuts are coming. Anglo American is slashing its business to the bone. The mining giant on Tuesday announced a radical reduction in its business, cutting 60% of jobs, selling off huge swathes of assets, and stopping […]

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Japan economy shrinks more than expected, highlights lack of policy options

Japan economy shrinks more than expected, highlights lack of policy options TOKYO (Reuters) – Japan’s economy shrank more than expected in the final quarter of last year as consumer spending and exports slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile recovery. Continue reading at […]

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The Federal Reserve is bracing for deflation for the first time since the 1930s

The Federal Reserve is bracing for deflation for the first time since the 1930s Last month, the Federal Reserve announced that its annual stress tests on the largest U.S. banks would include a scenario of declining prices and wages in the economy, or deflation. Deflation is a scary proposition for central bankers and investors alike […]

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