United States

United States
Tuesday, May 12th 2015 - 10:30 UTC

Ex US president Carter ends Guyana election monitoring trip after falling ill

Jimmy Carter arrived in Guyana on Saturday to participate in a delegation monitoring the country’s general election on Monday

Former United States President Jimmy Carter ended an election-monitoring trip to Guyana early and flew home on Sunday after falling ill, the Carter Center, his nonprofit organization, said in a statement. The Carter Center provided only sketchy information on Sunday about the condition of the 90-year-old former president.

Tuesday, May 12th 2015 - 08:43 UTC

Obama approves oil drilling in the Arctic Sea under certain conditions

“We have taken a thoughtful approach to carefully considering potential exploration in the Chukchi Sea,” said BOEM Director Abigail Ross Hopper.

President Barack Obama's administration on Monday approved petroleum giant Shell's request to begin drilling for oil and gas in the Arctic Sea under certain conditions, despite opposition from environmental groups.

Saturday, May 9th 2015 - 08:46 UTC

US economy created 233.000 new jobs in April and unemployment falls to 5.5%

Big job gains in the service sector helped to offset weakness in mining, and investors welcomed the report, sending shares broadly higher on Wall Street.

Employers in the US created 223,000 new jobs in April, a much larger increase than the month before. At the same time, the US Department of Labor said the unemployment rate dropped to a seven-year low of 5.4%, down from 5.5% in March.

Friday, May 8th 2015 - 18:34 UTC

David vs. Goliath: small-cap tech to save giant coal

EPA regulations add a further 28 states to the 22 states who already have similar state-imposed mercury emission compliance regulations.

The United States Environmental Protection Agency's (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scrambling to get in on second-generation technology poised for massive revenue gains.

Friday, May 8th 2015 - 08:13 UTC

Fed warns stock market levels present 'potential dangers', but sees “no bubbles forming”

Ms Yellen told IMF managing director, Christine Lagarde, that the US central bank was watching the issue closely.

The chair of the US Federal Reserve, Janet Yellen, has warned stock market levels present “potential dangers”, insisting current valuations, which have seen key US and UK indicators reach record levels, were “quite high”. However she did not see 'any bubbles forming'.

Wednesday, May 6th 2015 - 05:49 UTC

US approves licenses for passenger ferry service with Cuba

“The ships are ready to go,” said Robert Muse, a Washington-based lawyer who represented Baja Ferries and specializes in Cuba embargo matters.

The US Treasury Department has approved licenses for passenger ferry service between the United States and Cuba, a Treasury Department official announced. One of the licenses was issued to Baja Ferries, part of a major shipping group with passengers and cargo operations, including on Mexico's west coast, according to a lawyer who handled the license application.

Tuesday, May 5th 2015 - 06:34 UTC

Brazil pledges rule changes to make oil exploration and production concessions more dynamic

“We need to adjust policies because the economy is so dynamic,” minister Braga told reporters at the Offshore Technology Conference in Houston.

Brazil's government is discussing changes to its oil regulations but any new rules will not be in place before an October auction of exploration and production concessions, the country's energy minister Eduardo Braga said on Monday.

Monday, May 4th 2015 - 14:16 UTC

Avian flu in the US: third state declares state of emergency

Iowa, the top egg-producing state in the United States, which could lead to the extermination of up to 21 million chickens and turkeys

State of Iowa Governor Terry Branstad declared a state of emergency due to a rapidly expanding avian flu outbreak, saying the entire state was at risk from the spread of the disease.

Saturday, May 2nd 2015 - 07:16 UTC

US environmental group petitions SEC to investigate Shell' info to investors on Arctic drilling

The U.S. Interior Department is mulling whether Shell can drill test wells for crude and gas off Alaska this summer.

An environmental group and a law clinic petitioned the U.S. Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in the harsh Arctic waters, the groups said this week.

Saturday, May 2nd 2015 - 07:09 UTC

Why the US should worry about oil sector jobs

There is little doubt that as oil prices fall, some people working in that sector will lose their jobs, but what will the impact be on other sectors of the economy.

Outside of individual's holding oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed the damage from lower oil prices… so far. Unfortunately, this situation may not last.

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