The challengers say the EPA has no authority under the 1970 Clean Air Act to expand its regulation of power plants outside the facilities themselves. Jeff Holmstead, a lawyer representing the coal industry in the legal challenge, said that the provision of the Clean Air Act the EPA is focusing on has only been used previously to set air pollution standards for...» Read More
Francis Lun, Managing Director at Lyncean Holdings says Hong Kong's IPO market is in a deep recession, hurt by a slump in China and the euro zone. He adds the market's recovery will be slow.
Indonesia may miss its goal of becoming one of the world’s 10 largest economies by 2025, as it is still far from growing at the 7 to 9 percent annual rate needed to meet the target, according to the Organization for Economic Co-operation and Development (OECD).
While China may currently have the highest number of high net worth individuals in Asia another much smaller regional economy, Indonesia, is expected to see the fastest growth in its millionaire population, according to a report by Swiss private bank Julius Baer.
Larry Kudlow looks at the White House energy policy and whether it's costing thousands of Americans their jobs. Rep. Shelley Moore Capito (R-WV), provides perspective.
After promising for months now a plan to turnaround India’s troubled economy, Prime Minister Manmohan Singh finally delivered on Thursday what’s widely viewed as the boldest measure yet—in the form of a controversial fuel price hike.
In recent years Indonesia, Southeast Asia’s largest economy, has emerged as a darling of foreign investors, but that privileged status may be under threat as its economy shows signs of weakness amid policy changes that are being viewed as protectionist.
Oil prices staged a rally on Wednesday partly due to the escalating turmoil in the Middle East, and analysts who expect the strife to worsen are recommending oil stocks as “a great place to be.”
Prices of commodities such as copper and gold have slumped more than 15 percent this year as investors shun risk assets and demand fell amid a moribund global economy but a demise of the mining industry is “greatly exaggerated,” according to HSBC.
Commodities bulls betting on further easing from major central banks to revive sagging prices may be setting themselves up for disappointment.
China’s GDP grew at its slowest pace in three years in the second quarter, but other less-cited indicators are already signaling that the world’s second-largest economy may be starting to turn around.
Shares of mining giants may have slumped this year on falling demand from China and as investors shun assets but they may be due for a bounce.
U.S. demand for coal is at a 24-year low, and inventories are continuing to build as the global economy slows. Wilbur Ross, WL Ross & Company chairman/CEO, discusses whether investors should expect more trouble ahead for the commodity.
Coal prices in China have fallen almost 20 percent since the beginning of the year, with analysts expecting further declines as inventories remain high and coal mines in China continue to ramp up production.
Having suffered one blow from the Senate this week, King Coal faces another one from the EPA next week.
Richard Anderson, Delta Air Lines CEO, discusses the expansion of international travel, and why his company is looking beyond the U.S. borders for big profits, with CNBC's Phil LeBeau.
CSX chief Michael Ward told CNBC's Squawk Box Wednesday that having "a very diversified portfolio of shipments" overcame a 14 percent decline in coal shipments in the first quarter.
SouthGobi Resources may be about to lose one ‘big brother’ but stands to gain an even larger one with greater clout, if a proposed deal by Chalco to buy Ivanhoe Mining’s controlling stake in the Mongolian-focused coal producer is completed.
India, the world's third largest importer of thermal coal, is expected to start rebuilding inventories in the second quarter of 2012, which could boost shares of thermal coal companies in Southeast Asia, says Macquarie Securities.
The Fast Money traders, along with Paul Forward, Stifel Nicolaus, take a look at the market's decline and what's going on with coal producers, which opened at new, multi-year lows.
Michael Sutherlin, Joy Global president & CEO, discusses his stock's hard landing on yesterday's earnings miss, and its future growth prospects in emerging markets, with Mad Money's Jim Cramer.