International Markets

135093244

The Stock Market Joke of October: What Sell-Off?

The end of September brought a sell-off in stocks that went well into October. The first half of October was a month in which many investors started to wonder if ...
Read Full Story »
147282532

Japan Surprises Markets With More Quantitative Easing

The Bank of Japan pumped some air under equity markets Friday morning when its board of governors voted to increase its annual asset purchase amount from a target range of ...
Read Full Story »
Chinese flag

China’s Big Oil Companies Battered by Low Crude Oil Prices

China’s big three oil companies have recently reported earnings that are significantly below expectations. PetroChina Co. Ltd. (NYSE: PTR), China Petroleum & Chemical Corp. (NYSE: SNP) (aka Sinopec) and Cnooc ...
Read Full Story »
464531013

Brazil Elections a Mixed Bag for Commodities

The impact of the reelection of Dilma Rousseff in Brazil has been severely felt by oil giant Petróleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras. Shares dived 16% at ...
Read Full Story »
Spain

Unemployment in Spain Still Almost 25%

Spain announced what economists claimed was good news. The National Statistics Institute (INE) reported that unemployment dropped to 23.67% in the third quarter (la tasa de paro es del 23,67%) from ...
Read Full Story »
108680884

American Executives Move Manufacturing Out of China

In a reversal of decades of American companies moving manufacturing from the United States to China -- presumably to save money -- executives of large firms have changed their minds ...
Read Full Story »
Pills

3 Irish Specialty Pharmaceutical Stocks to Buy After Tax Inversion Implosion

For now, while the benefit for American corporations to buy or merge and move overseas may be over, as evidenced by AbbVie cancelling its merger with Shire Pharmaceutical, that doesn't ...
Read Full Story »
Model_S_touchscreen

Daimler Sells Stake in Tesla

In an announcement released after U.S. markets closed on Tuesday, Daimler AG, Germany-based maker of Mercedes-Benz and Daimler cars and trucks and smart cars, said it was “reorganizing its cooperation ...
Read Full Story »
walmart-store-front-blue

Walmart’s Mexico Chief to Leave Next Year

The CEO of Wal-Mart de Mexico, widely known as Walmex, the publicly traded arm of Wal-Mart Stores Inc. (NYSE: WMT), will step aside next year, according to reports. Scot Rank ...
Read Full Story »
Sports car

Daimler Reports Free Cash Flow Gusher

Daimler, the maker of Mercedes-Benz cars, announced that free cash flow in the company’s third quarter rose to €5.4 billion from €1.6 billion in the third quarter of 2014. Excluding ...
Read Full Story »
Finland

Finland Loses AAA Rating: How Much Did Nokia Contribute?

The nation of Finland just found out that negative gross domestic product (GDP) comes with consequences. Standard & Poor's has lowered its economic assessments of Finland, noting that subdued external ...
Read Full Story »
Kiev

Will Ukraine Commit Economic Suicide?

By James Stafford of Oilprice.com Ukraine is on the brink of committing economic suicide after imposing a crippling 55 percent tax on private gas producers, while parliament prepares to vote ...
Read Full Story »
global economy

IMF Cuts Growth Forecast; US Carries the Developed World

If it weren’t for a projected 0.5% increase in the outlook for U.S. economic growth, the forecast for 2014 global growth from the International Monetary Fund (IMF) would be even ...
Read Full Story »
Chevron

Chevron Takes a Partner in Canada Shale Play

Chevron Corp. (NYSE: CVX) announced Monday morning that its wholly owned subsidiary, Chevron Canada Ltd., has sold a 30% stake in the company’s 330,000 net acres of the Duvernay shale ...
Read Full Story »
shopping cart

Court Rules Against Walmart in Mexican Bribery Case

What did Wal-Mart Stores Inc. (NYSE: WMT) know about allegations of bribery in Mexico, and when did they know it? The retail giant will have to answer those questions in ...
Read Full Story »