CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Reports out of Cushing, Oklahoma, say we could be full in oil storage in 8 to 10 weeks.» Read More
Long before there was MoneyGram and Western Union, people in South Asian countries often used an informal network of brokers, called an "hawala," to transfer money over long distances when it was too inconvenient or dangerous to send cash by courier.
Carthaginian peace refers to the imposition of a very brutal “peace,” or the armistice imposed on Carthage by Rome that saw the Romans systematically burn Carthage to the ground.
Amid fears over the strength of nearly every major currency, Abu Dhabi’s top hotel has come up with a new type of ATM for their most risk-averse guests. The Emirates Palace is giving those staying there to chance to withdraw gold from the world first ever gold dispenser.
Despite a fully-fledged debt crisis in Europe, the stock market continues to defy the bears to trade higher on the year.
Shipping in and around the Gulf of Mexico is business as usual, in spite of the oil spill, in this heavily trafficked area. But should the oil spill spread, higher shipping rates could result, an analyst told CNBC Monday.
Caterpillar is focusing on emerging markets for increased earnings and sales, rather than the US, outgoing CEO Jim Owens told CNBC Monday.
There is no evidence of contagion from the Greek debt debacle to other markets, but the country's woes will help push the euro down, boosting exports for some countries in the single European currency area, David Bloom, global head of foreign exchange research at HSBC, told CNBC Monday.
Israel perhaps has more to gain than anyone else from going clean and green. Right now, Israel is almost fully dependent on fossil fuels that pollute the country. Israel still gets its oil from secondary sources, because Arab nations won't sell to Israel directly.
Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.
In some sense, I’m glad President Obama is opening the door to offshore oil drilling. But in the spirit of free-market deregulation, I do think that much, much more should be done in the Atlantic, the Gulf of Mexico, the Pacific, and Alaska.
What many Westerners may know about the Middle East falls far short of what the vast region has to offer investors.
Plus, get his top stocks for playing the Middle East markets.
While America took a big hit during the financial crisis, many Middle Eastern economies grew. Click to see where these countries rank globally and regionally.
The Middle East is home to more young people, more oil and more big money pools than anywhere else on earth. Nearly a trillion dollars is being spent on new roads, cellphone users are surging 24% a year, and only 10% of people have bank accounts. That means there's money to be made.
Dubai Holding, a conglomerate owned by the emirate’s ruler, is looking at options that could include restructuring $20bn in debt, possibly dealing another blow to investors, the Financial Times reports.
As oil ministers prepare to meet in Vienna Wednesday, there is little doubt that OPEC will keep production targets on hold.
Four former world champions line up on the starting grid to start one of the most exciting and intriguing Formula One seasons for years. Personally, my head is supporting Button or Hamilton, but (as the years tick by) my heart is rooting for the old guy, Schumacher.
Google and China will resolve their differences over censorship and an alleged attack on Google's service "soon", Eric Schmidt, the Chief Executive of Google, told reporters in Abu Dhabi where he takes part in the emirate's first ever Media Summit.
The business empire of Israel's richest woman has been rattled by a police investigation into her investment group's director
To analyze the current turmoil in markets and with sovereign debt it may be best to turn to the famed entrepreneur and guru Willy Wonka (the Gene Wilder 1971 version).