China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy.
Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.
This week Houston based Noble Energy, one of the several oil companies operating in the Falkland Islands made the official opening of the temporary dock facility (TDF) in Stanley, an essential piece for the logistics of the industry which is scheduled to begin another round of exploratory drilling in the first quarter of next year.
As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program.
Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.
The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. Named CSCL Globe, it is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL), and takes the title of world’s largest containership from Maersk Line’s 18,000 teu Triple E class vessels.
Although the US Federal Reserve was worried about turmoil in emerging markets, the central bank reached an easy consensus to end its stimulus program, its latest minutes reveal.
Fish farming will likely grow more than expected in the coming decade, offering a chance for improved nutrition for millions of people, especially in Asia and Africa, according to a new report, from FAO.
Private sector analysts raised their 2014 growth forecast for Brazil's economy to 0.21% from 0.20% last week, the Central Bank said on Monday. But analysts left their 2015 gross domestic product (GDP) growth estimate unchanged at 0.80%, the Central Bank said. However it is expected the latest forecast could mean the beginning of the end to the sustained several years slide and an inflection point.
The Falkland Islands Government have announced that Cartesian Ltd have recently been appointed to carry out a strategic review of Telecommunications Provision in the Falklands Islands. Cartesian will be starting work on the review immediately, with the first draft report due on 24th December.