Kinross Gold Walks Away From Giant Ecuador Project Over 70% Windfall Profits Tax Demand
Ecuador's leftist government demanded a 70 percent windfall profits tax for access to the world's largest untapped gold resource.
US Farmland Appears Dangerously Overpriced, Analysts Say, And Small Community Banks Could Suffer In Any Abrupt Downturn
Rising demand for wheat and corn have inflated the price of U.S. farmland used to grow those two grains.
US Retail Sales, Consumer Sentiment And Bank Of Japan Monetary Policy Statement: Economic Events For June 10-14
U.S. consumer sentiment will also be in focus this week.
Analysis: Why The May Nonfarm Payroll Report Raises The Likelihood That The Federal Reserve Will Start 'Tapering' Its Heavy Bond Purchases
The May jobs report suggests the economy is stronger than it was nine months ago when the Fed launched its third round of monetary easing.
U.S. Companies Created 175,000 Jobs In May, More Than Most Analysts Expected; Nation's Unemployment Rate Edges Up 7.6%
U.S employers created more jobs than nearly all Wall Street analysts had expected, a key signal the economy is in recovery mode.
Standard & Poor's Cuts Outlook For Brazil's Sovereign Debt To Negative From Stable On Weak GDP Growth, Rising Government Spending
Brazil's sovereign debt may be downgraded in the next 2 years on concern about government spending and weak economic growth.
PepsiCo Talking With SodaStream International About Buying The Israeli Company For $2B Or More
PepsiCo is thirsty for the revenue that would come from SodaStream International, whose U.S. sales have doubled since 2012.
US Employers Created 135,000 Jobs In May, According To ADP, Less Than Expected
U.S. companies created 135,000 jobs last month, missing analysts' expectations, which ranged from 157,000 to 165,000.
IKEA Founder Ingvar Kamprad Resigning, Turns Over Control Of Global Furnishings Giant To Son Mathias
The gray eminence of the world's biggest furniture retailer will not disappear; he'll remain a senior adviser.
China Launches Anti-Dumping, Anti-Subsidy Probe Of European Wine After EU Discloses Tariffs On Imports Of Chinese Solar Panels
It's Beijing vs. Brussels as China launches probe of European Union wine subsidies. Is it paybacks for tariffs on solar panels?
US Real Estate Drawing Foreigners Seeking Decent Yields, They Favor Big Urban Commercial Properties
"Give me your ailing investors, your huddled money managers yearning for success ..."
US Manufacturing Edges Slightly Higher In May On Domestic Demand, Markit Says, But Sector's Overal Growth Is Slowest In Seven Months
American factories posted a steady-as-she-goes performance in May -- modest but still better than their European counterparts.
Contraction Of Euro Zone Manufacturing Slows In May, According To Markit PMI, But Area's Factory Decline Is Now 22-Months Old, According To Purchasing Managers Index
Here's what qualifies as good news about European manufacturing: It's not shrinking as fast as it had been for the past 22 months.
US Monthly Unemployment Report, May US Auto Sales, ECB Interest Rate Decision, Global Manufacturing Reports: Economic Events For June 3-7
The prospect that the U.S. central bank will turn off its monetary spigot hangs like a specter over this week’s economic reports.
Four Years After 'Great Recession' US Families Have Yet To Regain Even Half Of The Household Debt Lost: St. Louis Federal Reserve
The damage to U.S. household balance sheets has fallen disproportionately on minorities and the uneducated.
US GDP For First Quarter Revised Slightly Down By Commerce Department's Bureau Of Economic Analysis To 2.4% From 2.5%
Analysts said the revised GDP stat is better than it appears: The 2.4% gain occurred despite a 4.9% plunge in government spending.
General David Petreaus, Former CIA Chief And Top US Army Commander In Iraq And Afghanistan, Joins Giant Hedge Fund KKR As Adviser
The 60-year-old war hero and former head of U.S. intelligence is going from "doing good" to "doing well."
Paul Ryan, Leading Republican Fiscal Conservative, Endorses Call by Apple CEO Tim Cook To Repatriate Foreign Earnings, Provided The Tax On Such Earnings Is Cut
U.S. Rep. Paul Ryan urges repatriation of foreign earnings by U.S. companies, if the tax on those earnings is cut from its current 35%.
Chinese Meat Producer Shuanghui Group Buying Smithfield Foods For $4.7B, CFIUS Approval Not Certain
Smithfield Foods appears to have succumbed to activist shareholder pressure to return more value to investors.
Arthur Budovsky, Founder Of Liberty Reserve, Arrested In Spain; Business Allegedly Facilitated Money Laundering By Converting Cash Into Bitcoin Digital Currency
Liberty Reserve allegedly facilitated the transnational movement of large sums obtained by criminal activities.
US Existing And New Home Sales And Prices, Durable Goods, Euro Zone PMI: Economic Events For May 20-May 24
Data on manufacturing in Germany, France and the rest of the euro zone will cast light on its record-long recession.
US Housing Starts In April Fall To 853,000, Far Below March's Level And Analyst Expectations
Could the U.S. housing recovery be starting to fade?
US Stock Markets Book Another Record High, Intra-Day Records Also Set By Dow Jones Industrial Average, S&P 500
Question: How can you tell when the stock market sets a record high? Answer: When your watch says it's 4 pm.
US Annual Budget Deficits From 2013 To 2015 Will Contract As Medical Spending Growth Slows, The Economy Slows Improves And Tax Increases Bring In More Money
The federal budget deficit has begun what the CBO thinks will be three years of contraction. After that, deficits will resume growing.
Barack Hussein Milhous Nixon: The Return Of The 'Sleaze Factor'
It’s been almost 30 years since American journalists coined the phrase “sleaze factor” to describe President Richard Nixon’s administration. It was a richly deserved riposte. Since then, the phrase has fallen into disuse, but a series of scandals in President Barack Obama’s administration suggest it may be time to dust it off.The latest whiff of Obama administration sleaze comes from the Justice Department, which has been collecting telephone records of Associated Press reporters and editors. The White House hasn’t deigned to explain what looks to the rest of the world like contempt for the Fourth Amendment.
US Retail Sales And Consumer Sentiment, Industrial Production For China And Japan: Economic Events For May 13-May 17
Economic reports this week may cast light on how long the current U.S. and Japanese stock-market rallies might last.
Bank of England Decides To Keep Its Key Interest Rate Steady At 0.5% And Maintain Target For Big Asset Purchase Program
The bank also maintained its purchase of 375 billion pounds ($584 billion) of debt after the UK narrowly avoided a triple-dip recession.
Dow Jones Industrial Average Closes Above 15,000 For First Time As Market's Four-Year Old Rally Show No Signs Of Weakening
U.S. stocks set more records Tuesday, as a four-year long bull market stampedes into a fifth year.
US Stock Market Indexes Set Another Record High, Global Shares Also Surge, DAX Closes At Record High
U.S. and German stock market indexes set records on an array of encouraging reports and central bank actions.
Portugal Sells 10-Year Benchmark Bonds, Yield Is About 5.5%, As It Returns To The Market Two Years After Being Financially Rescued
Debt-burdened country finds investors willing to loan it 3 billion euros, despite the country's diminished credit ratings.