2018, February, 7, 07:40:00U.S. DEFICIT UP TO $53.1 BLN
BEA - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $53.1 billion in December, up $2.7 billion from $50.4 billion in November, revised. December exports were $203.4 billion, $3.5 billion more than November exports. December imports were $256.5 billion, $6.2 billion more than November imports.
2018, February, 4, 17:56:00ANTON SILUANOV RUSSIA FINANCE MINISTER-02-02-2018
ANTON SILUANOV RUSSIA FINANCE MINISTER-02-02-2018
2018, February, 2, 12:12:00CHINA GOES NUCLEAR
REUTERS - China National Nuclear Corp (CNNC), China’s No. 2 nuclear power producer, will take over the country’s top nuclear power plant builder to create a company worth almost $100 billion, the latest state-orchestrated marriage in the nation’s vast power sector.
2018, February, 2, 12:10:00U.S. FEDERAL FUNDS RATE 1.25 - 1.5%
U.S. FRB - In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-1/4 to 1‑1/2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.
2018, February, 2, 07:44:00SHELL CEO BEN VAN BEURDEN Q4 2017 RESULTS 01-02-2018
SHELL CEO BEN VAN BEURDEN Q4 2017 RESULTS 01-02-2018
2018, January, 31, 10:55:00RUSSIA'S RATINGS UP
MOODY'S - Moody's Investors Service ("Moody's") has today changed the outlook on Russia's Ba1 long-term issuer and senior unsecured debt ratings to positive from stable. Concurrently, Moody's affirmed Russia's long-term ratings at Ba1 and its short term rating at Not Prime (NP).
2018, January, 31, 10:40:00NORWAY'S OIL BOOM
BLOOMBERG - With crude back at $70 a barrel, and a petroleum industry that cut costs to the bone after the oil crash, the stage is now set for another boom. But the good times could hamper Prime Minister Erna Solberg’s main aim of moving the economy away from a reliance on oil. As optimism now returns to the economy, signs of real progress on that project are few.
2018, January, 29, 08:25:00EBRD BOUGHT UKRAINE: $12 BLN
EBRD - He noted Ukraine continued to be one of the world’s most energy-intensive countries, three times more so than the EU average, and he said the country should focus on energy efficiency, diversifying energy sources and improving municipal services and infrastructure. The EBRD President referred specifically to the need for further improvements in governance. Progress had been made but corruption was still a barrier to foreign direct investment, he said. The establishment of anti-corruption institutions could make an important contribution to increasing transparency in the economy.
2018, January, 29, 08:20:00U.S. GDP UP 2.6%
BEA - Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.
2018, January, 24, 11:50:00EGYPTIAN MACROECONOMIC TURNAROUND
IMF - “This macroeconomic turnaround at home and the supportive global economic environment provide a unique opportunity to carry the reform momentum into areas that have historically been hard to tackle. Deep and lasting structural reforms are needed to create jobs as speedily as needed for Egypt’s growing population,” said Subir Lall, head of the IMF team for Egypt.
2018, January, 22, 07:40:00SCHLUMBERGER IS BETTER
FT - Excluding those items, earnings per share for the fourth quarter of 2017 were 48 cents, up 78 per cent from the equivalent period of 2016 and above the average forecast of 44 cents.
2018, January, 22, 07:35:00SCHLUMBERGER NET LOSS $1.5 BLN
SCHLUMBERGER - Full-year 2017 revenue of $30.4 billion increased 9% year-on-year. This included a full year’s activity from the acquired Cameron businesses as compared to three quarters of activity in 2016. Excluding the addition of Cameron, revenue growth was driven by land activity in North America, which increased by 82% in line with the increase in rig count. Full-year Production Group revenue increased 21%, Reservoir Characterization Group revenue improved 2%, and Drilling Group revenue declined 2%.
2018, January, 19, 12:25:00U.S. SECURITIES INFLOW $33.8 BLN
U.S.DT - The sum total in November of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $33.8 billion. Of this, net foreign private inflows were $49.7 billion, and net foreign official outflows were $15.9 billion.
2018, January, 19, 12:20:00U.S. INDUSTRIAL PRODUCTION UP 0.9%
U.S. FRB - Industrial production rose 0.9 percent in December even though manufacturing output only edged up 0.1 percent. Revisions to mining and utilities altered the pattern of growth for October and November, but the level of the overall index in November was little changed. For the fourth quarter as a whole, total industrial production jumped 8.2 percent at an annual rate after being held down in the third quarter by Hurricanes Harvey and Irma. At 107.5 percent of its 2012 average, the index has increased 3.6 percent since December 2016 for its largest calendar-year gain since 2010.
2018, January, 17, 23:35:00CHEAP DISGRACEFUL WAY
API - Government pension managers have a responsibility by law to seek the greatest return for their investors and pensions that invest in oil and natural gas companies have historically delivered a higher return than other investments.