The Senate refused to kill a $5 billion annual subsidy for ethanol on Tuesday, backing continued government aid for a Farm Belt-based industry instead of deficit reduction in an era of record red ink.
And it’s off - the Bahrain Formula One Grand Prix that was recently reinstated on Oct. 30 has been postponed yet again.
Stanley Fischer's candidacy for managing director of the International Monetary Fund was dismissed on grounds of age Monday, as the 67 year old is two years above the threshold of 65 demanded for the job.
Goldman Sachs gave a paid internship to a top Libyan official’s relative while the bank was carrying out lossmaking trades on behalf of the country’s sovereign wealth fund, the Financial Times has learnt.
In the race to become head of the International Monetary Fund, nationality is one of many factors that can help or hinder individuals, but few candidacies have the potential to be as charged as that of the Bank of Israel chief, Stanley Fischer.
Recep Tayyip Erdogan's AKP won a comfortable majority in the Turkish elections, but the Prime Minister's desire to change the constitution could distract the new government from managing an overheating economy, analysts told CNBC.com.
As OPEC ministers met in Vienna this week it became clear that the cartel is now divided between those wanting to raise output, like Saudi Arabia, and those wanting to hold it and keep prices high.
Investors may be wary of putting their money in the Middle East and the Arab peninsula given the political turmoil which has shaken the region in recent months, but it offers investment opportunities worth considering, one fund manager told CNBC.
CNBC Senior Energy Correspondent Sharon Epperson shared her notes from the NYMEX Tuesday on an interesting divergence between Brent crude and WTI, ahead of OPEC's Wednesday meeting.
With oil-producing countries in turmoil and crude gushing to triple digits, OPEC finds itself after 50 years at a critical crossroads. The group produces 40% of the world’s oil, but unrest and revolution in member countries has compromised output.
Al-Qaeda's plans to recruit terrorists via a new English-language magazine have been disrupted by the British intelligence agency MI6, which replaced bomb-making instructions on the website with recipes for cupcakes, UK newspaper the Daily Telegraph reported on Friday.
Société Générale structured a $1 billion bet on its own shares for Libya's sovereign wealth fund after the Jérôme Kerviel fraud, the Financial Times reports.
Saudi Arabia needs an oil price that allows it to meet its long-term fiscal targets while not incentivizing investment in new sources of energy, according to HSBC researchers.
The state of emergency in Bahrain, a business hub scrambling to salvage its business-friendly brand, has now been lifted.
Goldman Sachs did not really negotiate with Libya’s sovereign investment fund to sell it an equity stake in the firm, according to a person familiar with the transactions.
Saudi Arabia's labor market is in sharp focus today following a report of a new policy that could serve as an expat time-bar in the kingdom.
The pledge that emerged from the G8 summit in Deauville sees international development banks supplying $20 billion in aid to Tunisia and Egypt for 2011-2013. That is in addition to bilateral support.
Some of football’s biggest sponsors are raising the alarm over infighting at Fifa even as Sepp Blatter, its president, dismissed the bribery storm engulfing the sport’s governing body as a few “difficulties” rather than a crisis, reports the FT.
T. Boone Pickens sees companies exporting natural gas and importing oil from OPEC, saying, "We’re gonna go down as the dumbest crowd in history that’s ever come to town."
It feels strange to be on a flight back to Tahrir Square in downtown Cairo, to cover what’s been dubbed Egypt’s Second Revolution. The last one, which brought down the regime of former President Hosni Mubarak, was just over three months ago.