Higher Gasoline Costs Sent Consumer Price Index Soaring in April
May 10, 2019
Higher gasoline costs sent consumer price index soaring in April
Wall Street Takes a Punch: Dow Drops 800 Points
October 10, 2018
From the Associated Press/Los Angeles Times Stocks slid Wednesday, with the Dow Jones industrial average losing more than 800 points in a sell-off that accelerated in the final minutes of trading. The Dow and other major U.S. stock indexes notched their biggest declines in several months. The yield on the 10-year Treasury rose as high as 3.24%, the highest level
PetroMaroc Enters Into Debenture Waiver and Amending Agreement to Extend the Maturity Date of the Secured Debentures
April 11, 2016
TORONTO, ONTARIO–(Marketwired – April 11, 2016) – PetroMaroc Corporation plc (TSX VENTURE:PMA), an independent oil and gas company focused on Morocco (the “Company” or “PetroMaroc“), is pleased to announce that it has entered into a waiver and amending agreement (the “Waiver Agreement“) with all four holders (the “Debentureholders“) of the Company’s Cdn $10.7 million principal amount of debentures (Cdn $9.7
Economic Boost from Oil Not Expected While Interest Rates Remain Low
March 30, 2016
Low interest rates mitigating the benefits of low oil prices – IMF When oil prices began to crater, it was hoped that demand would grow, giving economies a proverbial shot in the arm. Unfortunately, economic growth has remained sluggish, and has even cooled off in major demand centers like China. “The widely anticipated ‘shot in the arm’ for the global
Bank of Canada Holds Interest Rate Ahead of Federal Budget
January 20, 2016
Bank of Canada holds the overnight rate at 0.5% The Bank of Canada announced that it would continue to hold its overnight interest rate at 0.5%. Economists were split down the middle regarding whether or not the Bank of Canada would hold or cut the rate that retail banks charge each other for short-term loans. In maintaining its overnight rate
Fed Maintains Rates in a 9-1 Vote
October 28, 2015
The Federal Reserve decided to stand pat following its two-day October meeting The U.S. Federal Reserve today decided to maintain rates near zero, leaving them unchanged since 2008. The Fed did announce that it is open to raising rates at the next meeting in December. “In determining whether it will be appropriate to raise (interest rates) at its next meeting,
Yellen: Fed is Global Player Now
November 14, 2014
During a two-day conference sponsored by the Federal Reserve, the European Central Bank and the Federal Reserve Bank of New York, Federal Reserve Chair Janet Yellen said it is time for the Fed to start focusing on globalization. Yellen said that the Fed’s ability to fulfill its mandates for full employment and price stability depends on understanding global markets and
