27 Aug 2015

Colombia’s No.2 pipeline back online after 67-day closure

“Colombia’s Caño Limon-Coveñas oil pipeline, the country’s second-biggest by volume, is functioning again after being offline for 67 days because of rebel attacks, Mines and Energy Minister Tomas Gonzalez said on Wednesday. State-run oil company Ecopetrol operates the 780 km (485 mile) pipeline, which has the capacity to transport 220,000

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27 Aug 2015

Chinese shares higher on back of global rebound

“Chinese shares have closed 5% higher after massive losses there earlier in the week rocked markets around the globe. The Shanghai Composite was up by 156.3 points to 3,083.59. “ Source: Chinese shares higher on back of global rebound – BBC News

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26 Aug 2015

China market slump: Shares end lower despite rate cut

“Chinese shares have closed lower despite a fresh rate cut by the central bank. The mainland’s benchmark Shanghai Composite fell 1.27% to 2,927.29, after veering in and out of negative territory. It had fallen about 16% this week, rocking global markets. “ Source: China market slump: Shares end lower despite

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25 Aug 2015

China market slump: Central bank cuts interest rates

“The People’s Bank of China cut its main interest rate by 0.25 percentage points to 4.6% after two days of stock market turmoil. It is the fifth interest rate cut since November and will take effect on Wednesday. The move has boosted European share prices further, with the FTSE 100

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24 Aug 2015

South Africa rand hits all-time low against the dollar

“South Africa’s currency has fallen to an all-time low against the US dollar. It briefly hit a rate of 14 to the dollar amid concerns about the strength of the Chinese economy, reports the Reuters news agency.” Source: South Africa rand hits all-time low against the dollar – BBC News

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24 Aug 2015

FTSE 100 and European markets rattled by losses in China

“Stock markets in London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors. London’s FTSE 100 index was down by 4% in early afternoon trade, with major markets in France and Germany down by 4.6% and 4.4% respectively. Shares in Asia were

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19 Aug 2015

Iraq’s economy battered by Islamic State war, low oil prices

“Since early 2014, Iraq has suffered a serious economic decline after the Shiite-led government in Baghdad started losing territory to the Sunni militants of the Islamic State group. Low oil prices exacerbated the decline, wreaking havoc on Iraq’s national budget, of which oil revenue makes nearly 95 percent.” Source: Iraq’s

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15 Aug 2015

U.S. Loosens Longtime Ban on Oil Exports

“Energy companies eager to export American crude oil scored a victory Friday when Washington agreed to allow them to trade oil with Mexico, in a further erosion of the four-decade ban on selling U.S. crude overseas.” Source: U.S. Loosens Longtime Ban on Oil Exports – WSJ

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14 Aug 2015

Boeing sees demand for 1,740 new commercial aircraft in India

“Boeing is forecasting demand for 1,740 new commercial aircraft in India over the next 20 years, with the majority of the requirements in the narrowbody market segment. In its 20-year forecast, the airframer expects the Indian market to require 1,460 new single-aisle jets, 260 widebodies and 20 regional jets. This

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13 Aug 2015

Switzerland Lifts Sanctions on Iran

“The Swiss Federal Council reserved the right to reverse its decision The Swiss Federal Council officially lifted Switzerland’s sanctions against Iran Wednesday in the wake of a landmark nuclear deal.” Source: Switzerland Lifts Sanctions on Iran | TIME

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