Antonia Matthews

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  • Oil Could Hit $150 a Barrel in Near Term: IEA Wednesday, 9 Nov 2011 | 6:09 AM ET
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    The price of oil could rise to as much as $150 per barrel in the near term if investment in the oil-producing countries of North Africa and the Middle East is lower than required to meet growth in demand from emerging economies, the International Energy Agency said on Wednesday.

  • 1040_tax_return_check_200.jpg

    Lawmakers in the United States should scrap income tax in favor of a tax on household spending in order to get the ailing economy back on track, and could also supplement revenue by taxing “harmful activities” such as driving in congested city centers, Robert H. Frank, professor of economics at Cornell University told CNBC on Tuesday.

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    Confidence levels among European CEOs have seen a record fall over the past three months, with the situation expected to worsen further in the near term as the euro zone debt crisis threatens the stability of the region’s economy , according to a survey by the Young Presidents Organization.

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