One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and condensate find that could open a new exploration province for oil majors and change the energy fortunes of South Africa. France’s major Total said this week that it had made a significant discovery on the Brulpadda prospects off the southern coast of…
Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday.
Russia's enduring support for Nicolás Maduro, the Venezuelan president whose legitimacy is now being challenged, underscores the extent to which the Kremlin, buoyed by its success in Syria, is doubling down on its role as global disruptor-in-chief. But, unlike in Syria, Russia's resolve in Venezuela seems to be weakening.
Credit Risk Analysis and the High Yield Bond Market Total debt levels worldwide have risen significantly since the GFC, especially lower credit quality debt. McKinsey & Company points out that the sub-investment grade bond market has grown nearly 4X over the past decade. So is t
Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China's Huawei, according to company officials and other industry executives.
Amazon abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in incentives promised to what is already one of the world’s richest, most powerful companies.
Unlike the United Kingdom, Greece is one of the European Union’s smaller economies, notorious for its weak institutions and economy, and a net recipient of EU funds. And yet the Grexit near-exit from the EU in 2015 offers important lessons for the final stage of Brexit negotiations.
VEVEY, Switzerland (Reuters)A - Nestle said it expected its organic sales to rise by more than 3 percent this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns.
The Federal Reserve will chart plans to stop letting its bond holdings roll off "at coming meetings," Cleveland Fed President Loretta Mester said on Tuesday, signaling another major policy shift for the Fed after pausing interest rate hikes.
Over eight decades after its introduction, there is a widespread consensus that GDP is no longer a useful measure of economic progress. Its successor will need to be compelling and tell a persuasive story, consistent with experience, of what is happening in our economies.
Walmart Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery partnership, dealing a setback in the retailer's race against rival Amazon.com Inc to deliver groceries to customers' homes.
The philosopher Bertrand Russell believed the Cold War nuclear standoff resembled a high-risk game played by "youthful degenerates." British Prime Minister Therea May is playing a similar game, and if her Brexit brinkmanship goes wrong, the victim would be Britain.
Less than two months away from the prospect of crashing out of the European Union (EU) in a “no deal Brexit,” Britain is about to test the proposition that the only way to get people to do something they know is bad for them is to offer them a choice between that option and something far worse.