by Thomas Biesheuvel December 8, 2015 — 6:01 PM CSTUpdated on December 9, 2015 Anglo American will shrink to a shadow of its former self $14 billion Brazilian mine epitomizes company’s decline Even for a company that once had the global monopoly on diamond production during almost a century of all but constant expansion, the collapse […]
December 8, 2015 by Grant Smith International benchmark trades at lowest level since 2009 Speculation of prolonged supply glut after OPEC decision Brent crude fell below $40 a barrel for the first time in almost seven years after OPEC effectively abandoned any limits on crude output, prompting speculation that a record global glut will continue. Brent […]
Mon Dec 7, 2015 The European Central Bank took its first formal step to discourage market manipulation around its euro FX reference rates on Monday, saying it would delay their publication by an extra 90 minutes from next July. The bank declined to say whether it had seen any suspicious trading around its daily setting […]
Dec 4, 2015 By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth increased solidly in November in a show of the economy’s resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. Nonfarm payrolls increased 211,000 last month, the […]
Inside the technology that cuts the crap from water. December 3, 2015 by Amanda Little “This is step one of the filtration process,” says Snehal Desai, struggling to suppress his gag reflex. “We call it the big-tooth comb.” There’s a torrent of raw sewage streaming through a channel below us at an Orange County Sanitation […]
By Melody Hahm Shareholders in the International Monetary Fund voted on Monday to let the Chinese yuan (CNY) into the fund’s basket of reserve currencies. It will now be a member in the IMF’s elite club called the Special Drawing Rights (SDR). But what exactly does this mean? Here are six things to know about […]
By Jon C. Ogg When economists and the public go after the same sort of economic data and come up with entirely different views, it generally means that someone has to be very wrong. That would be the first conclusion. A second, or an alternative, conclusion might be that something has changed drastically in a […]
by Lucinda Shen One of the most promising long-term investment opportunities could be a cancer treatment known as immunotherapy, according to UBS’s global chief investment officer. “This emerging science offers the potential for attractive returns,” said Mark Haefele, who overseas the investment policy and strategy for $2 trillion. Immunotherapy is an increasingly popular cancer treatment […]
November 23, 2015 — 4:14 PM CSTUpdated on November 23, 2015 — 6:01 PM CST Richard Russell, who shared his technical analysis with subscribers through the influential Dow Theory Letters since 1958, has died. He was 91. He died Nov. 21 at his home in La Jolla, California, his family said in a message to […]
Portia Crowe Pfizer just struck the largest-ever takeover by a drugmaker, a $160 billion merger with Allergan. In addition to best-selling cosmetic drug Botox, the deal gives Pfizer something it has been after for a while — a way to slash its tax bill. It will do so with a so-called tax inversion, a move […]