United States

Wednesday, February 7th 2018 - 07:50 UTC
Venezuela desperate after US dollars; greenback costs 228.000 Bolivars in the black market

Venezuela’s central bank announced a devaluation of more than 99% of its official exchange rate with the launch of a new foreign exchange platform, a move critics quickly said would not create a functioning currency market.
Tuesday, February 6th 2018 - 08:26 UTC
Tillerson praises Macri's leadership in the region in favor of democracy

President Mauricio Macri received US Secretary of State Rex Tillerson on Monday at the Olivos official residence. During the forty minutes meeting the main issues of the Argentina/US bilateral agenda were addressed, according to a release from the Argentine Executive office.
Tuesday, February 6th 2018 - 07:51 UTC
US stocks Monday plunge erasing 2018 gains; economy fundamentals are strong, says White House

United States stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4%, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year.
Monday, February 5th 2018 - 09:08 UTC
Can The Shale Boom Avoid These Bottlenecks?

By Nick Cunningham of Oilprice.com <br />
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Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within the Permian are home to most of that action.
Saturday, February 3rd 2018 - 10:58 UTC
US payrolls expanded by 200.000 in January, and wages started to creep up

The United States labor market barreled forward in January, as employers added more jobs than expected and wage growth was its strongest in more than eight years. Payrolls in the United States expanded by 200,000 last month, driven by hiring in construction, food services and health care, the US Labor Department said.
Saturday, February 3rd 2018 - 10:53 UTC
US markets suffer their steepest decline since June 2016. Dow Jones fell 2.5%

The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in United States markets. The fall came after a string of disappointing earnings reports from giants such as Apple.
Saturday, February 3rd 2018 - 10:47 UTC
Tillerson praises 'enormous' value of Mexican immigration, but admits US needs 'good discipline'

United States Secretary of State Rex Tillerson said in Mexico on Friday that immigrants bring “enormous value” to the U.S., but added the U.S. government lacks “good discipline” in regulating who enters the country to live. After meeting in Mexico City with Mexican Foreign Secretary Luis Videgaray and Canadian Foreign Minister Chrystia Freeland, Tillerson told reporters the U.S. has put “many mechanisms in place” over the years to control immigration, but has “never gone back to clean this up.”c
Saturday, February 3rd 2018 - 10:42 UTC
US warns Mexico to pay attention to Russian meddling in the July elections

US Secretary of State Rex Tillerson warned Mexico on Friday to pay attention to Russian meddling in elections around the world, following comments from another US official that there were signs of such interference in the country's presidential race.
Friday, February 2nd 2018 - 19:33 UTC
UBS, HSBC and Deutsche Bank caught spoofing, and have to pay US$ 46.6m

The US Department of Justice (DOJ) says it has charged eight individuals over allegations they “spoofed” or manipulated the futures markets for precious metals and share indexes. Separately UBS, HSBC and Deutsche Bank will pay a total of US$ 46.6m to settle spoofing charges against them.
Friday, February 2nd 2018 - 09:52 UTC
Why Is The Shale Industry Still Not Profitable?

By Nick Cunningham of Oilprice.com

Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing “irrational production.”