Reuters reports, Chinese manufacturing slumped for a fifth month in March and the euro zone economy is showing new signs of wilting, according to surveys on Thursday that pointed to weakening global demand. Only the United States is showing signs of momentum at the moment among the world’s top economies, underlined by jobless claims falling to a fresh four-year low last week.
United Press International reports, Crude oil prices added more than a dollar yesterday, moving back above $106 per barrel on the New York Mercantile Exchange. Traders are monitoring developments in the Middle East, where sanctions against oil-exporting Iran are beginning to take effect. For further Oil News, President Barack Obama is expected to announce, that his administration will expedite permitting for the construction of the southern portion of the Keystone XL pipeline, connecting Cushing to the U.S. Gulf Coast.
Reuters also reports, Goldman Sachs Group Inc has begun scanning internal emails for the term “muppet” and other evidence that employees referred to clients in derogatory ways, Chief Executive Lloyd Blankfein told partners in a conference call this week, according to people familiar with the call. The company-wide email review comes after an executive director named Greg Smith resigned last week in a scathing op-ed column in the New York Times in which he said he saw five Goldman managing directors refer to clients as “muppets,” at times over internal email. In the United States, “muppet” brings to mind lovable puppets such as Kermit the Frog, but in Britain “muppet” is slang for a stupid person.
Finally Bloomberg reports, Emirates, the biggest airline by international traffic, said more carriers will go bust this year as fuel costs and sluggish economies undermine profitability. American Airlines is restructuring after filing for Chapter 11 bankruptcy and India’s Kingfisher Airlines may lose its license as it struggles with cash shortages and losses. That’s after Barcelona-based Spanair SA collapsed Jan. 27
Reuters reports, Chinese manufacturing slumped for a fifth month in March and the euro zone economy is showing new signs of wilting, according to surveys on Thursday that pointed to weakening global demand. Only the United States is showing signs of momentum at the moment among the world’s top economies, underlined by jobless claims falling to a fresh four-year low last week.
United Press International reports, Crude oil prices added more than a dollar yesterday, moving back above $106 per barrel on the New York Mercantile Exchange. Traders are monitoring developments in the Middle East, where sanctions against oil-exporting Iran are beginning to take effect. For further Oil News, President Barack Obama is expected to announce, that his administration will expedite permitting for the construction of the southern portion of the Keystone XL pipeline, connecting Cushing to the U.S. Gulf Coast.
Reuters also reports, Goldman Sachs Group Inc has begun scanning internal emails for the term “muppet” and other evidence that employees referred to clients in derogatory ways, Chief Executive Lloyd Blankfein told partners in a conference call this week, according to people familiar with the call. The company-wide email review comes after an executive director named Greg Smith resigned last week in a scathing op-ed column in the New York Times in which he said he saw five Goldman managing directors refer to clients as “muppets,” at times over internal email. In the United States, “muppet” brings to mind lovable puppets such as Kermit the Frog, but in Britain “muppet” is slang for a stupid person.
Finally Bloomberg reports, Emirates, the biggest airline by international traffic, said more carriers will go bust this year as fuel costs and sluggish economies undermine profitability. American Airlines is restructuring after filing for Chapter 11 bankruptcy and India’s Kingfisher Airlines may lose its license as it struggles with cash shortages and losses. That’s after Barcelona-based Spanair SA collapsed Jan. 27