Zimbabwe's controversial indigenization policy, which requires foreign firms to transfer 51 percent of the assets they hold in Zimbabwe to local companies, should not be a concern for foreign investors because the government will be flexible in implementing the measure, the country's Minister of Economic Planning and Investment Promotion said on Wednesday.
Oil prices may climb this week, boosted by continued tensions in the Middle East, while the stimulus measures announced by major global central banks will limit any short term correction caused by downbeat data, CNBC's weekly oil sentiment survey showed.
Crude oil's biggest drop in two month's this week signals investors are deeply skeptical about whether recent stimulus efforts by global central banks – including last week's announcement by the U.S. Federal Reserve of a third round of quantitative easing – will have a meaningful impact on restoring growth, analysts and traders told CNBC.
Your best business plans can go up in smoke if you're not planning now for the 'worst case scenario,' says this blogger.
We're not talking about the Persian Gulf. It's the South China Sea where China and Vietnam are on a collision course that could result in higher commodity prices and far worse.
Oil prices are likely to extend a stimulus-led rally this week, while fears that turmoil in the Middle East will disrupt oil supplies are also bullish for energy markets, CNBC's weekly survey of oil market sentiment shows.
The latest numbers from the USDA firm up the outlook for this year's corn crop, and the final numbers may not be as bad as some feared.
The U.S. has the natural resources to one day stop importing OPEC crude oil, Boone Pickens, founder of BP Capital, told CNBC’s "Street Signs" on Monday.
Benchmark oil prices will likely gain this week after poor U.S. jobs numbers increased the likelihood of the Federal Reserve announcing additional stimulus at their policy-setting meeting this week. Weekend data which showed China’s factories running at their weakest pace in 39 months are also positive for crude prices as they raise the possibility of further monetary easing by Beijing.
Much progress has been made to cut pollution, but the list of most polluted states is likely to contain the usual suspects next year and fewer improvements.
The world’s second-largest wheat, corn and sugar trader tells CNBC that while agricultural prices will remain high the rest of the year, the world isn't going to experience a renewed food crisis.
When it comes to energy policy, investors need leaders with an unwavering long-term vision.
Ford Motor says its Focus small car is on track to become the best-selling car in the world this year, trumping the Toyota Corolla.
Meteorologist Todd Gross reports Hurricane Isaac doesn't look like it will reach category 2, but that it will be a strong category 1.
"We don't really expect [Hurricane Isaac] to have any impact on shipping rates, or shipping stocks over the next few days," says Greg Lewis, Credit Suisse senior research analyst.
For U.S. based airlines, Tropical Storm Isaac has been more of a nuisance than a major operational headache. While more than a 1,000 flights have been cancelled, there have been relatively few reports of stranded passengers stuck in airports. Credit the fact airlines have become more skilled at planning how to bring down their schedules when major storms hit the United States.
Wal-Mart's efforts may be something to wmulate. The company has a stated goal of becoming 100-percent, renewable-energy powered, and its clean-energy work is done because it costs the same amount or less than business-as-usual.
The U.S. should continue to have a cheap energy advantage compared to the rest of the world, Boone Pickens, BP Capital founder, told CNBC’s “Squawk Box” on Wednesday.
General Motors and Isuzu are recalling more than 258,000 SUVs in the U.S. and Canada to fix short-circuits in power window and door lock switches that can cause fires.
While wreaking havoc on grain crops, the worst U.S. drought in a half century is providing opportunities for companies that provide and pump the most precious of commodities — water. While the drought is testing farmers and food producers, the volatility in weather patterns is giving water companies new revenue sources, as they provide solutions to the environmental challenges.