OPEC Dismisses American Shale Oil
I recently wrote that American shale oil may be coming back just as OPEC and non-OPEC producers are cutting their production. Based on the page views the article received, there is high interest in this topic. So I conducted more research to add to the discussion. Click to enlarge Source: OPEC. To repeat one observation, I had watched a video (starting at 51:35) of the press conference after the OPEC/non-OPEC meeting, where Saudi Energy Minister Khalid A. Al-Falih discussed his answer to a que..>> view originalAn Hours-Long Customs Outage Across the US Leaves Travelers Up in Arms
Major airports across the U.S. saw long lines, packed waiting areas and grumbling passengers on Monday, as a nationwide system crash at Customs and Border Protection (CBP) caused extended delays right as the holiday season was drawing to a close. The Associated Press reports that “a processing system outage” was to blame for the delay. NBC News reports that the “technological disruption” started at 5 p.m. ET, and continued for about four hours, according to the CBP, before systems were restor..>> view originalNew quid on the block: UK revamps its coins to tackle counterfeiting
"This is a historic moment as it's the first time we've introduced a new £1 coin since 1983, and this one will be harder to counterfeit than ever before," David Gauke, chief secretary to the U.K. treasury said in a statement. "Our message is clear: if you have a round £1 coin sitting at home or in your wallet, you need to spend it or return it to your bank before 15 October," he added. The treasury estimated around 433 million pounds are currently being stored in savings jars around the..>> view originalFinland Is Giving Nearly $600 a Month to 2000 Jobless Citizens, No Questions Asked
Finland kicked off the New Year by rolling out a groundbreaking trial that will give some of its citizens a universal basic income, in a bid to reduce poverty and increase employment.Little over a year after the Finnish government first announced its plan to eventually replace earnings-based social insurance benefits with a basic income, the first unconditional monthly payments of â‚Ź560 ($587) began on Jan.1, reports the Associated Press.According to AP, 2,000 people, all currently on unemploym..>> view originalAsian markets higher; HK gaming stocks tumble on Macau revenue declines
In currency markets, the dollar index, which tracks the greenback against a basket of currencies, was up 0.43 percent at 102.65 as of 3:11 pm HK/SIN, after falling for the past three sessions. Against the dollar, the yen weakened to 117.66, compared with 116 levels seen last week, while the Australian dollar climbed to $0.7219 from levels below $0.7170 in the previous session. The dollar/won traded at 1,203.89. The People's Bank of China set the daily yuan midpoint at 6.9498 against th..>> view originalTwitter China Chief Kathy Chen Departs
BEIJING—Twitter Inc.’s controversial China chief has departed after only eight months, the latest executive to leave amid a global reorganization. A stream of executives has left the company since it announced layoffs in October amid continued losses. Profitability has long been a challenge for the popular social network and its revenue growth...>> view originalDollar Rebounds, European Stocks Track Asia Gains: Markets Wrap
Stocks rose with commodities on signs China’s economy is strong enough for policy makers to keep pushing for economic reforms in 2017. Crude touched an 18-month high and bonds fell.European equities headed for a bull market, climbing a third day led by banks and miners after China’s manufacturing purchasing managers index stabilized near a post-2012 high. Copper and nickel rose and U.S. crude soared to the highest level since July 2015 as OPEC member Kuwait cut output. Bonds declined on the pro..>> view originalTrump golf club shows pitfalls of first franchise presidency
Photo: Kamran Jebreili, AP In this Tuesday, Dec. 20, 2016 photo, a flag flies on a green lined with villas at the Trump International Golf Club, in Dubai, United Arab Emirates. The 18-hole golf course in Dubai bearing Donald Trump’s name exemplifies the questions surrounding his international business interests. The course will open in February 2017 in the United Arab Emirates, but concerns about secu..>> view originalChina says some factories have violated anti-smog measures
A gunman opened fire in a popular nightclub as revelers celebrated New Year's Eve in Istanbul, killing 39 people and injuring at least 70 others, according to authorities. >> Read more trending stories Armed with a long-barreled weapon, the attacker killed two people, including a police officer, outside the Reina nightclub around 1:15 a.m., The Associated Press reported. Gov. Vasip Sahin told reporters that the attacker then opened fire on the people inside the club. "(He) rained bullets in a v..>> view original
Tuesday, January 3, 2017
OPEC Dismisses American Shale Oil and other top stories.
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