CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Commodities rallied today. Oil was up on the day and nat gas rebounded after hitting an 11-month low.» Read More
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
After charting five consecutive years of steady growth in the unemployment rate for post-9/11 veterans, the Bureau of Labor Statistics recently reported a sharp five-percentage point decline in January and February of this year, bringing the unemployment rate for post-9/11 veterans below that of the general population for the first time since 2008.
Dubai’s chief of police has thrust himself into a regional controversy, becoming the voice of Emirati opposition to the rising power of Islamists in the Arab world. The Financial Times reports.
London and New York are still the most important cities for the super-rich despite stiff competition from the emerging economies, a report into attitudes of the wealthy has revealed.
Oil prices are up. Barack Obama is to blame. Drilling in the US is the solution. This is the mantra from the president’s opponents. All presidents tend to get the blame for high fuel prices. But with the price of gasoline nearing $4 a gallon, Mr Obama is getting it by the barrel load. The FT reports.
Greg Smith, Group CEO, Global Commodities, says forward oil prices are trading below spot prices because they haven't factored in tensions with Iran. He adds that the price could rise to $150 given the risks of conflict with Iran.
"Veterans have led in the field; they can lead in a factory or research facility. Veterans believe in getting the job done and doing it in the right way," writes GE Chairman and CEO Jeff Immelt.
Want to move the oil market these days? Fire off a headline about Iran, and, with the help of instant messaging, tweeting, blogging, and some old fashioning phone calling, you get a significant rally.
European Central Bank liquidity measures are spurring investment in the Middle East, the head of an Abu Dhabi-based foreign exchange and commodities trading firm told CNBC Wednesday.
Sen. John McCain, (R-AZ), makes the case for why the U.S. should lead an intervention to stop the slaughter in Syria now.
Europe's sovereign debt crisis has shown that no asset is 100 percent safe and may be positive for the Middle East, which is also benefiting from an increase in the price of oil, analysts told CNBC Wednesday.
"Abu Dhabi is a very stable and long-term orientated environment," Mahmood Ebraheem Al Mahmood, CEO of ADS Securities, told CNBC, speaking from Abu Dhabi.
Europe's crisis has shown that no asset is 100 percent sure and this may be positive for the Middle East, but challenges still remain for the region, David Riley head of sovereign ratings at Fitch Ratings and Philippa Malmgren president and founder at Principalis Asset Management, told CNBC.
Abu Dhabi wants to see 23 percent of its gross domestic product coming from foreign investment, Mohammed Omar Abdullah, undersecretary, Abu Dhabi Department of Economic Development, told CNBC. "Abu Dhabi is considered as an attractive destination for investment," he added.
New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.
Daniel Yergin, CNBC energy analyst, discusses what's behind the rising price of oil, and problems with Iran.
Demography has rarely made it onto the political agenda. But that is changing. These days you see news items about China's one-child policy, or gendercide. And you hear a lot about the aging of populations in rich countries and the health and pensions problems this will bring.
Investing in the Philippines, Peru or Uganda may seem excessively risky for many investors. Not so, says HSBC Senior Economist Karen Ward.
The Asia region is expected to drive demand for oil over the course of the year, according to the latest International Energy Agency report.
The 13th International Energy Forum (IEF) kicks off on Tuesday in Kuwait City, bringing to the table energy ministers from 88 countries around the world representing some 90 percent of global supply and demand