US chemical industry set for a good 2014
The US chemical industry is forecast to have a good year ahead, as the production of natural gas and shale increase and boost exports,...
US current account deficit 4-year record low
The US current account deficit for the third quarter of 2013 was $94.8 billion, a 4-year record low, according to figures published by the...
Glaxo to stop paying doctors for promoting its drugs
Glaxo (GlaxoSmithKline) announced that it is to stop paying doctors for promoting its medications.
After a bribery scandal in China in which the company was...
UK companies positive on job creation
More than half of UK companies say they expect to create new jobs, the first time since the start of the Great Recession, according...
What is inflation? Its causes and effects
Inflation is the rate at which general market prices rise. It is the opposite of deflation.
When inflation increases, each unit of currency buys a...
OPEC pumps less crude oil in November
November crude oil production among OPEC countries fell 230,000 barrels per day from October to 29.7 million b/d, the lowest total since mid-2011, according...
Americans perceive income inequality ‘far too pessimistically’
Americans perceive incomes and income inequality 'far too pessimistically,' according to a US study that surveyed 500 people online and asked them questions about...
US labor productivity rises 3%
Non-farm US labor productivity in the business sector rose by an annualized rate of 3% during Q3 2013, according to the US Bureau of...
Eurozone economic recovery lopsided
Although the Eurozone economic recovery continues, Markit’s latest PMI (Purchasing Managers’ Index) for December shows a wide difference between the two largest economies, France...
December Chinese manufacturing slips to three month low
December Chinese manufacturing slipped to 50.5 compared to 50.8 November, according to a new HSBC/Markit Flash China Manufacturing PMI (Purchasing Managers’ Index) released to today.
The...