Oil Workers Earning $179,000 Expose Norway to Crude Crash

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img Norway, where oil helped create one of the world’s most stable and prosperous societies, is among the most exposed to falling crude prices.

Though the blessings of energy wealth have hardly turned to a curse, the industry’s labor costs, which saw the average offshore worker earn $179,000 last year, threaten to curb investment in new projects as oil tumbles.

The country has already been copi

Ebola Front-Line Doctors at Breaking Point

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img At 3:30 a.m. in the world’s biggest Ebola treatment center, Daniel Lucey found the outbreak reduced to its essentials: patients lying on mattresses on the floor and vomiting in the dark, visible only by the wavering flashlight beam of a single volunteer doctor.

“I don’t see a light at the end of the tunnel,” said Lucey, a physician and professor from Georgetown University who is halfway throug

European Stocks Rise Most Since 2011 on Stimulus Pressure

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img European stocks climbed the most in almost three years, ending their longest losing streak in 11 years, as an ailing euro-area economy increases pressure on policy makers to provide more stimulus measures.

The Stoxx Europe 600 Index jumped 2.8 percent to 318.68 at the close of trading, after a 7.7 percent slump in the past eight days dragged it to the lowest level of the year. Equities extende

Total CEO dies in plane crash

Posted by Forexsq 2 days ago (http://money.cnn.com)
img French oil company Total has confirmed the death of its chairman and CEO, Christophe de Margerie, in a crash between his private plane and a snowplow at Moscow international airport.

Three members of the plane's crew were also found dead at the scene of the accident.

Russian officials said they had already established that the snowplow driver was drunk but would also consider other possible

Gold Falls for Second Day on U.S., Europe Equity Gains

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img Gold futures fell for the second straight day as gains in equities reduced demand for the precious metal as a haven. Palladium climbed after yesterday approaching a bear market.

The Standard & Poor’s 500 Index rose as much as 1.7 percent, while European shares snapped the longest slump since 2003. U.S. housing starts gained in September after slumping a month earlier, government data showed to

McDonald’s profit falls 30% on U.S., China woes

Posted by Forexsq 2 days ago (http://www.marketwatch.com)
img McDonald’s Corp. said its third-quarter earnings fell a worse-than-expected 30% as the fast-food giant continues to struggle in the U.S. and other parts of the world.

“McDonald’s third-quarter results reflect a significant decline versus a year ago, with our business and financial performance pressured by a variety of factors--from a higher effective tax rate, to unusual events in the operatin

Oil Collapse Gives Buyers Chance at Top Targets: Real M&A

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img The rapid drop in oil prices cut more than $20 billion from the price of some of the industry’s best assets. That may be enough to attract buyers.

Weakening global demand and a supply glut in the U.S. are dragging Brent crude oil to the cheapest level since 2010. That’s pushed down the high valuations that had stymied major deal making and left last year’s volume at the lowest level since the

Ukraine, Russia, EU energy chiefs meet to finalize gas deal

Posted by Forexsq 2 days ago (http://www.reuters.com)
img Russia and Ukraine aim to resolve an impasse over natural gas supplies on Tuesday as their energy ministers meet in Brussels for talks brokered by the European Union's energy commissioner.

Citing unpaid bills worth more than $5 billion, Russia cut off gas flows to Kiev in mid-June, adding to tensions sparked by Russia's annexation of Ukraine's Crimea region.

Russia’s $13 Billion Support for Ruble Impaired by Oil Under $90

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img Russian currency-market interventions that have topped $13 billion are failing to stem the ruble’s slide to unprecedented lows as oil trades near the weakest in four years.

The Bank of Russia raised its dollar-euro basket band by 30 kopeks to 46.25 yesterday as falling crude and concern global growth will slow weakened the ruble 1 percent. The central bank has spent about $13 billion to shore

Draghi has his back to the wall | Top Forex Brokers

Posted by Forexsq 1 day 23 hours ago (http://www.topforexbrokers.com)
img Mario Draghi, the European Central Bank president, indicated in September that the latest measures to boost faltering eurozone inflation and get the economy moving again could increase the ECB’s balance... moreShare it now!

Dollar stages recovery against yen, euro

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img The dollar recovered against the yen and euro, but remained lower against most other rivals in relatively muted afternoon for currency traders on Thursday.

Investors weren’t eager to place directional bets (i.e. that the greenback would move higher or lower against other currencies), ahead of a planned speech by Federal Reserve Chairwoman Janet Yellen scheduled for Friday morning.

Pistorius starts five-year term for killing Reeva Steenkamp

Posted by Forexsq 1 day 23 hours ago (http://www.reuters.com)
img Olympic and Paralympic sprinter Oscar Pistorius started his five-year jail sentence on Tuesday for killing his girlfriend Reeva Steenkamp, marking the end of a trial that has gripped South Africa and millions around the world.

His uncle, Arnold Pistorius, indicated he would not appeal.

As judge Thokozile Masipa gave her decision on the 27-year-old's culpable homicide conviction, Pistorius,

U.S. stocks rally; GE rises on earnings beat

Posted by Forexsq 5 days ago (http://www.marketwatch.com)
img U.S. stocks rallied on Friday, recovering some of the deep losses of the roller-coaster week, which had been colored by concerns about global growth and the spread of Ebola.

The main benchmarks were boosted by upbeat earnings reports from heavyweights, such as General Electric, Honeywell and Morgan Stanley.

Oil Slump Rings Alarm Bells for Nigeria as Elections Loom

Posted by Forexsq 1 day 23 hours ago (http://www.bloomberg.com)
img Nigeria’s efforts to prop up its currency months before presidential elections are being undone by the slide in oil prices.

The naira tumbled to within 0.3 percent of a record low as Brent crude fell to the lowest level in more than four years. While some of the world’s biggest banks say the collapse in oil is just about over, further losses would force Africa’s largest producer to choose betw

Russia's crusade to banish McDonald's

Posted by Forexsq 2 days ago (Editorial)
img Big Macs are becoming a big 'nyet' in Russia.

Officials are continuing their crackdown on McDonald's (MCD) by forcing the closure of nine restaurants and investigating roughly half of the country's 446 locations.

The string of closures began in late August when authorities shut down four McDonald's locations in Moscow, including the city's first that opened nearly 25 years ago. As many as a

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