China had a trade deficit of $31.48 billion in February, according to data revealed by the General Administration of Customs Saturday. This is another indication that global economic condition is continuing to affect the country's exports.
In a bid to pressurize Iran into giving up its nuclear weapons ambitions, the Chairman of the U.S. Senate Armed Services Committee said a naval blockade of Iranian oil exports should precede a U.S.-Israel joint military action against the Islamic nation.
China's trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade and fuel doubts about the extent to which frail foreign demand or seasonal distortion drove the drop.
U.S. employers extended their hiring spree last month and Greece finalized its $234 billion bond swap. Nevertheless, investors' risk appetite jumped, sending global equities higher, cutting bond prices and boosting commodities.
A Republican bid to fast-track the Keystone XL crude oil pipeline was defeated by Senate Democrats on Thursday in a vote to amend the chamber's highway funding bill.
Central bankers around the world took their foot off the loose monetary policy throttle Thursday and kept benchmark interest rates steady on inflation concerns and the lack of new threats to gross domestic product growth.
Exxon Mobil CEO Rex Tillerson says his company will invest $185 billion to develop new energy sources intended to help meet growing demand.
Crude oil prices gained in European trade Thursday as better-than-expected ADP jobs report in the U.S. and the progress in the Greek debt swap deal boosted sentiment.
Iran may be cleaning up a suspected nuclear-weapons development site to fool U.N. inspectors, Western officials briefed on satellite intelligence said Wednesday.
Rihanna and Chris Brown have been making headlines ever since RiRi was spotted exiting her abusive ex-boyfriend's dressing room at the Grammys, looking disheveled and sporting a coy smile.
Futures on major U.S. indices point to a higher opening on Wednesday ahead of economic data including ADP national employment report and non-farm productivity.
Gold regained some ground Wednesday as jewellers in Asia snapped up the metal after prices dropped 2 percent in the previous session, but investors were cautious because of lingering fears about a possible Greek default.
The U.S. Energy Information Administration believes there are 4 billion barrels of proven reserves of oil within U.S. waters of the Gulf of Mexico and more than 12,000 billion cubic feet of natural gas.
U.S. equities sank, mirroring falls across Asia and Europe Monday after China cut its growth target. Worries over whether Greece can entice enough private investors to participate in a bond swap deal also dampened investors' sentiment.
Vladimir Putin declared victory in Sunday's election, but it remains to be seen how much power he'll wield over his country's vast stockpiles of oil and natural gas when he returns to the presidency in May.
South Korea, which has been under U.S. pressure to diversify away from Iranian crude oil, won the right to explore for oil in three undeveloped fields off the United Arab Emirates coast.
