Tag: Global Economy
Another year, another setback for Canada – Scotiabank global economic outlook
Price of WTI is expected to rise to about $55/bbl in 2017, which will provide an additional boost to growth in Canada TORONTO, ON– The United Kingdom’s decision to leave the European Union represents a major economic shock to the UK and Europe, according to Scotiabank’s Economics’ Global Outlook. It will lower business and household […]
Energy companies lose billions buying back their own stock
As the price of oil plunged, energy companies racked up billions in paper losses NEW YORK _ If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: Companies that buy their own shares. […]
Cheap oil buoys consumers, shakes up global governments
Path back from cheap oil will be “protracted and arduous”: Goldman Sachs Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others. Less expensive crude is delighting consumers in some regions, while leading to widespread job losses […]
World Economic Forum discussions highlight oil prices, China slowdown
World Economic Forum in Davos, Switzerland DAVOS, Switzerland _ In the couple of hours before Morgan Stanley chief James Gorman sat down Wednesday to speak on a panel in Davos, Switzerland, he had lost some $600,000 on the value of his shares in the bank. As the world’s richest business leaders and public figures kicked […]
World’s biggest oil companies slash jobs, back off major investments
Oil companies thinking twice about sinking money into new projects LONDON _ The world’s biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows, and there may be more pain to come. Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming […]
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