James Wright

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The Chinese Have Bought Out An Entire Country's Oil Sector

Finding themselves largely shut out of credit markets since defaulting on $3.2 billion in debt in 2008, Ecuador turned to China.<p>In exchange for covering 61% of the country's $6.2 billion financing needs in 2013, China last November secured the rights to up to 90% of Ecuador's oil shipments in …

Oil & Gas Industry

U.S. Consumer Prices Rose 0.4% in August

WASHINGTON—U.S. consumer prices rebounded in August, a sign of economic vigor that could nudge the Federal Reserve closer to raising a key interest rate.<p>The consumer-price index, which measures what Americans pay for everything from medicine to cars, grew 0.4% from a month earlier, the biggest jump …

Economics

German wage talks to include new focus: reduced working hours | Reuters

FRANKFURT/BERLIN (Reuters) - The trade union powerhouse that won the 35-hour work week for Germans more than two decades ago is mobilizing for a new campaign to reduce working hours at annual wage negotiations about to kick off nationwide.<p>FILE PHOTO: A worker has a sign on helmet with text 'We are …

Economics

Swiss central bank ditches mantra on franc overvaluation

© Reuters. A waitress presents a plate with various Swiss Franc coins and notes in this picture illustration in a restaurant in Zurich<p>By John …

Economics

Top 5 Things to Know in the Market on Thursday

© Reuters. 5 key factors for the markets on Thursday<p>Investing.com - Here are the top five things you need to know in financial markets on Thursday, …

Stock Markets

I worked for Vote Leave, but I now realise Britain must stay in the single market

The Tories claim to be the party of economic stability yet are driving the country to a cliff edge. A Labour push for a pragmatic Brexit could be pivotal<p>Will Brexit become the Conservative party’s Iraq war? It is in many ways a poisoned chalice: its effects are incredibly complex and capable of …

United Kingdom

Bank of England hints at rate rise in 'coming months'

LONDON (AP) — The Bank of England hinted Thursday that it may be ready to raise interest rates for the first time in a decade, possibly as soon as …

Economics

Bank of England holds rates - as policymakers hint rate hike could happen "in the coming months"

The pound jumped against the dollar as policymakers at the Bank of England voted to hold interest rates at 0.25 per cent again today - and hinted an …

Bank of England set to raise interest rates 'over coming months' to curb inflation

The Bank of England has said UK interest rates are likely to rise “over the coming months” in order to curb inflation, preparing the ground for the …

Bank of England paves way for first rate hike in a decade | Reuters

LONDON (Reuters) - The Bank of England said it was likely to raise interest rates in the coming months if the economy and price pressures keep growing, giving its clearest signal to date that Britain’s first rate hike in a decade is approaching.<p>A man speaks on his phone outside the Bank of England …

Bank of England