The Australian dollar is trading above the .7600 cents level on the back of a surge in oil price overnight.Read more
A leak has caused the closure of a crucial pipeline that carries gasoline to the eastern United States, a disruption that threatens to drive up prices and leave service stations without fuel to sell.
A section of the Colonial Pipeline, which runs from Houston to New York, has been closed since Sept. 9 after a spill of roughly 250,000 gallons was discovered in rural Shelby County, Ala.
The major pipeline, one pipe of which has been severed, provides gasoline for an estimated 50 million people on the East Coast each day, according to company estimates. The cause of the leak has yet to be determined, according to the company’s most recent statement.Read more
The war in Syria did not begin when the government of Bashar al Assad cracked down on protestors in the spring of 2011. That version of events is obfuscating hogwash. The war began in 2009, when Assad rejected a Qatari plan to transport gas from Qatar to the EU via Syria.Read more
In overnight news, Crude Oil recovered quite strongly by 3 % and was the main highlights of the evening. ButRead more
G-20 meeting is running for a second day today. They started yesterday and it seems more positive news is comingRead more
China’s trade balance came out yesterday at 311 billion lower than expected at 320 billion, so that’s a bit ofRead more
Today, Secretary of Defense Ash Carter announced that the Pentagon would be sending 560 more troops to Iraq. The increase brings the total number of US servicemembers in Iraq to 4,600, many of whom are in combat roles. Though there has been no formal declaration or announcement, the US is, once again, at war in Iraq.
Syndicated from In Case You Missed ItRead more
Both the US and the UK reported positive manufacturing numbers over the weekend. The UK Manufacturing PMI rose to 52.1Read more
Positive sentiment continued in global markets last night with all major stock indices closing higher. The announcement from Mark Carney,Read more