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OECD Trims Global Growth Forecast on Emerging-Market Slowdown
The OECD trimmed its global economic forecasts for the second time in three months as slower growth in emerging markets spilled over into countries such as Germany and Japan.
World output will expand 2.9 percent in 2015 and 3.3 percent in…

Oil price faces fresh downturn as Russia, Saudi tussle in Europe
A sales push by Saudi Arabia into north Europe's refineries, a step into rival Russia's backyard, piles fresh pressure on oil prices already struggling against oversupply.
Stung by Russia's success in supplanting it in the giant Chinese market,…

The largest container lines are bulking up to try to withstand a fresh downturn
Since the financial crisis, the tide of recovery has not lifted all boats equally. But in few industries is that more true than in shipping. Demand for oil tankers has boomed: a combination of weak spot prices and higher futures prices, driven…

Pemex poised to import first test cargo of WTI in swap with U.S.
Mexican national oil company Pemex is focused on importing U.S. West Texas Intermediate (WTI) crude as part of a historic oil swap with the United States, a top company executive said on Friday.
Pemex said earlier this week it had received…

Oil at $50 Is ‘Gift to World’ as Abu Dhabi Sees Higher Prices
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, according to the head of Abu Dhabi’s Department of Economic Development.
Prices will probably be at $60 next year, after hitting bottom…

Stocks end mixed as investors eye Fed rate call
Wall Street, which is riding a four-week winning streak, kicked off a busy week quietly Monday as it awaited a slew of earnings releases, fresh data on the economy and a Federal Reserve meeting on interest rates.
The Standard & Poor’s…

Is this the death of America’s middle class?
When Barack Obama made his State of the Union speech in January this year, one phrase kept coming up again and again: middle class. The concept is a part of America’s DNA, with many in the country arguing that a strong middle class boosts…
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