Search Results for: Energy
Intel sued for investing employee 401(k) funds in hedge funds, private equity
November 2nd, 2015
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm’s custom target-date series and global diversified fund lost hundreds of millions of dollars A former Intel Corp. employee is suing officials at the Santa Clara, Calif.-based company for allegedly ...
Central Asian Countries among Top Improvers in Doing Business 2016 report
November 2nd, 2015
The World Bank Group hosted the regional launch of Doing Business 2016: Measuring Regulatory Quality and Efficiency in Central Asia. In this year’s report, Kazakhstan, the Kyrgyz Republic, Tajikistan and Uzbekistan, implemented a total of 14 reforms in 9 ...
Scariest Events from the Financial World: 2000 to Present
October 30th, 2015
It’s no secret that the global financial markets offers a ton of opportunity, but can be equally as scary. There are so many factors at play in the free flow of trillions of dollars each day that it’s ...
The accounting trick that helps multinationals avoid paying tax
October 30th, 2015
Chevron Australia’s aggressive tax strategies have resulted in an additional $322 million tax bill, but this may only be the beginning of the energy giant’s woes with the Australian Taxation Office. And others could face the same headache. The ...
BOJ holds rates despite overseas headwinds, stagnant inflation
October 30th, 2015
The Bank of Japan held off on expanding its massive stimulus program on Friday, preferring to preserve its dwindling policy options in the hope that the economy can overcome the drag from China’s slowdown without additional monetary support. But ...
Shell Leads $19 Billion of Gas, Oil Writedowns in Just One Week
October 30th, 2015
Shell leads writedowns with $8.2 billion in impairments Predictions of future cash flow have fallen along with prices More than $19 billion in oil and gas writedowns have been reported in a single week as producers acknowledge what investors already ...
Greece turns to USA for Natural Gas
October 29th, 2015
The ever changing dynamic in the Southeast European natural gas sector is seeing a shift in strategy by the Greek government, which is pressing hard for the introduction of prospective supplies of US LNG moving into Europe, via the ...
UAE petrol prices to drop to subsidised levels in November
October 29th, 2015
Most drivers will pay less for petrol next month than they did when fuel was subsidised. Super will cost Dh1.81 a litre, Special Dh1.70 and diesel Dh1.87 – all cheaper than in July. E Plus will cost Dh1.63, only ...
Oil Prices Post Largest Gain in Nearly Two Months
October 29th, 2015
Prices rise on new option to send U.S. oil to Mexico and smaller-than-expected stockpile addition The benchmark U.S. oil price soared to its largest gain in two months, as traders rushed to close bearish bets following news that the ...
Federal Reserve issues FOMC statement
October 29th, 2015
Information received since the Federal Open Market Committee met in September suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months, and the ...
