Rex Tillerson: An Oligarch's Dream at the State Department
Exxon CEO and unlikely fractivist Rex TillersonPhoto Credit: World Economic Forum If confirmed by the Senate, the next secretary of state will enter into the service of the second employer he has ever had in his life: the United States government. Since his graduation from the University of Texas in Austin, according to The New Yorker’s Steve Coll, Rex Tillerson has known only one boss (in aggregate): the shareholders of Exxon Mobil.Already even Republicans are chafing against President-app..>> view originalEurozone Economy, Prices Accelerate in Fourth Quarter, Survey Suggests
The eurozone economy probably accelerated slightly in the final three months of the year, as a survey of purchasing managers released Thursday also pointed to mounting inflationary pressures that will be welcome news for the European Central Bank. IHS Markit said its composite Purchasing Managers Index for the eurozone’s manufacturers and service providers, which is based on a survey of 5,000 companies, was unchanged at 53.9 in...>> view original10 Azeri oil workers missing after storm hits platform
World Bulletin / News Desk Ten workers have been missing after an Azeri oil platform partially collapsed early Thursday during a storm in the Caspian Sea, Azerbaijan's state-owned energy company SOCAR said. About 150 meters of the platform collapsed due to high winds around 05.00 a.m. local time (0100GMT), according to a company statement. Search and rescue teams were dispatched to the area. More information will be released later, it added. Accidents on SOCAR oil and gas platforms due to storm..>> view originalBank of England Holds Rate and Says Inflation Rise May Slow in 2017
The Bank of England kept its key interest rate at a record low and noted that the pound’s recent appreciation may mean a slower pickup in inflation next year. In its last policy decision of 2016, the Monetary Policy Committee said sterling’s advance could mean “less of an overshoot” above its 2 percent goal than previously predicted. It still sees a pickup in price growth and repeated its line that it has limited tolerance for exceeding its target. Emphasizing its balancing act between managin..>> view originalSilicon Valley ready to play defense on Trump
Addressing some of tech industry's top leaders on Wednesday, President-elect Donald TrumpDonald TrumpIran sanctions bill goes into law without Obama's signature Trump's unorthodox Cabinet Perez brings high-profile backing, slim electoral experience to DNC race MORE vowed to make their companies soar.“I'm here to help you folks do well,” he said.When it comes to Silicon Valley's wish list for immigration reform, however, many voices in the industry aren't so sure.Trump's unexpected win has shaken..>> view originalDollar Peg Trumps Economic Woes as Gulf Follows Fed's Rate Rise
Gulf Arab central banks wasted little time in following the Federal Reserve’s interest-rate increase, maintaining a commitment to the U.S. dollar peg even as their economies struggle with low oil prices and the strong greenback.Policy makers in Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain and Qatar raised their benchmark interest rates within hours of the Fed’s decision to increase U.S. rates by a quarter point to 0.75 percent. The monarchies making up the six-nation Gulf Cooperation..>> view originalNorway Combats Surging Housing Market Risks as Easing Seen Done
Norway's central bank kept its benchmark unchanged and unexpectedly held off on lowering its rate outlook amid growing concerns over imbalances building up in the nation's red-hot housing market. The krone jumped. The deposit rate was held at 0.50 ...>> view originalDollar makes fresh charge after Fed hikes rates
LONDON The dollar charged to an almost 14-year high and government bond yields rose sharply on Thursday, after the Federal Reserve hiked U.S. interest rates and signaled more would follow at a faster pace next year.European shares got off to a solid start with banks up almost 2 percent, cheered by the prospect of a boost from higher rates to their lending profits, but the main action was elsewhere.Bond markets saw yields on short-term U.S. debt surge to the highest since 2009, sending the doll..>> view originalShell Replaces Finance Chief Simon Henry With Jessica Uhl
Royal Dutch Shell Plc said Chief Financial Officer Simon Henry will leave the company after more than seven years in the role, and will be succeeded by Jessica Uhl.Henry will remain on the board as CFO until March 9, The Hague-based Shell said in a statement Thursday, without giving a reason for his departure. The 55-year-old, who has been with the oil giant for more than three decades and helped to push through its $54 billion acquisition of BG Group Plc earlier this year, will assist with the..>> view originalGot A Hacked Yahoo Account? Here's What You Should Do
By Sherisse Pham PHILADELPHIA (CNN)–Yahoo has announced another huge security breach, leaving its users fretting once again about their personal information. The latest data theft affected more than one billion accounts, Yahoo says. That’s roughly double the number involved in the cybersecurity incident it announced in September, which is believed to be separate. “Yahoo has now won the gold medal and the silver medal for the worst hacks in history,” said Hemu Nigam, CEO of online security consu..>> view original
Sunday, December 25, 2016
Rex Tillerson: An Oligarch's Dream at the State Department and other top stories.
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