Cenovus's operating cash flow from refining fell 53 percent due to an unplanned coker outage in July at its Borger refinery in Texas and a planned turnaround at the Wood River refinery in Illinois. Cenovus, which co-owns the Foster Creek and Christina Lake oil sands projects with ConocoPhillips, said its total oil production rose 13 percent to 199,089 barrels...» Read More
The re-assertion of softer global oil market fundamentals - highlighted by tepid growth, sluggish demand and well-stocked inventories - may break what many are calling an over-extended price rally.
Despite growing concerns that Australia is headed for a major downturn, economists say the "R" word doesn't mean recession, but rather a rebalancing of the economy that it needs.
China's battered stock market has taken another tumble this week – a sign perhaps that the country's investors are bracing for a faster-than-anticipated slowdown in the world's second largest economy.
Concerns abound over fund outflows from Asia’s emerging markets on the prospect of Fed QE tapering, but the Asian Development Bank (ADB) says it is seeing capital inflows.
Stocks and bonds have been hit hard in the past month by fears about when U.S. monetary stimulus will end and remain at risk of further heavy pummeling even if the Fed sheds light this week on its policies, analysts say.
Increasing tensions with North Korea, a strengthening won versus the yen and weak economic growth - things are not looking great for South Korean equities, the second worst performing stock market in Asia this year.
Jindong Hua, VP for Treasury at the International Finance Corporation, discusses his concern about the cross-border capital flow to the emerging markets, which has dropped by sixty percent from 2007 to 2012.
Bob Parker, senior adviser at Credit Suisse, tells CNBC that we are seeing another round of monetary easing that is underpinning markets.
The robust Australian dollar could actually get a whole lot stronger over the next two years, rising to as high as $1.30, but this is subject to strong gains in Asian equity markets.
Jim Walker, Founder and CEO, Asianomics sees a bleak outlook for the global economy in 2013, largely due to expectations for poor company earnings.
To get an idea of the companies that are holding the most cash, the CNBC analytics team looked at cash and short term investments held by S&P 500 companies. Here's the list.