Search Results for: Oil
U.S. judge rejects BP bid to oust Gulf spill claims chief
November 11th, 2014
BP Plc has failed to persuade a federal judge to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier in New Orleans on ...
Stocks: Dow, S&P 500 close at record highs
November 11th, 2014
Wall Street continued to march further into record territory Monday as the Dow and S&P 500 closed at record highs again. Investors have been pushing stocks higher on signs the U.S. economy continues to improve and as corporate earnings come ...
Putin seeks to reassure world amid ‘perfect storm’
November 11th, 2014
The Russian ruble strengthened against the dollar on Monday after President Vladimir Putin said there were no “fundamental economic reasons” for the currency’s slide, but analysts –and the country’s central bank — beg to differ. Speaking at an Asia ...
China deal sends shares to one-month high, rouble surges
November 10th, 2014
A landmark deal to give global investors easier access to China’s $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday, as renewed tensions in Libya and Ukraine pushed up oil prices. ...
The UAE’s pressing need for legislative reform
November 10th, 2014
There is no doubt that, in the past 15 years, the UAE has managed to build what is, by any standards, the most developed infrastructure, the highest quality of life, the most diversified economy, and the most efficient government ...
Monday November 10: OSB Daily Technical Analysis – Commodities
November 10th, 2014
OSB Daily Technical Analysis for November 10, 2014 Gold rallied on Friday making a decisive push towards the $1180 mark after making a new intraday day low at $1130. Gold is likely to test the $1200 area as part ...
Wheels Finally Fall Off Russian Ruble
November 10th, 2014
A strong dollar, declining oil prices, and a weak economy have finally taken the wheels off the Russian ruble. It has finally sunk in that the Central Bank is not going to act in defense of the ruble anytime ...
French lawmakers seek clarity on Qatar tax breaks
November 7th, 2014
The finance committee of the French parliament has called for a report by mid-2015 on controversial tax breaks on property deals granted to states including Qatar, France’s closest Gulf ally. In Qatar’s case the concessions were granted by ex-president ...
Putin Ally Denies Knowledge of U.S. Money Laundering Investigation
November 7th, 2014
A commodities firm under investigation by federal prosectors on suspicion of money laundering and improper oil trading said on Thursday that it had no knowledge of the inquiry and called allegations of wrongdoing “baseless and false.” The investigation, first reported by The ...
Friday November 7: OSB Daily Technical Analysis – Commodities
November 7th, 2014
OSB Daily Technical Analysis for November 7, 2014 Gold managed to halt its downswing on Thursday with a brief attempt to climb higher testing resistance at the $1150 area. Gold appears to be supported at the $1140 area and ...
