When Federal Reserve Hikes Rate, Who Wins, Who Loses, Who Draws
©2015 Bloomberg News NQ258MSYF01X (Bloomberg) — The longest drumroll in the 102-year history of the Federal Reserve precedes its next interest-rate increase. That doesn’t mean some of its effects won’t be surprising. “This is a major inflection point,” said Erik Davidson, chief investment officer for Wells Fargo & Co.’s private
Shell Gets U.S. Permit to Disturb Marine Life Off Alaska’s Coast
©2015 Bloomberg News NQ0E7C6K50Y3 (Bloomberg) — Royal Dutch Shell Plc received U.S. approval to disturb marine mammals as part of its plan to resume oil exploration off Alaska’s Arctic coast. The National Oceanic and Atmospheric Administration issued an “incidental harassment authorization,” which allows noise from air guns, icebreaking, drilling and
Energy Nations Better Watch Out as Saudis Open Stock Market
©2015 Bloomberg News NPXXMM6K50XS (Bloomberg) — Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia. As Saudi Arabia lifts a ban on direct investments by foreigners, fund allocators are preparing to shift money out of other countries
As Tons of Bug-Infested Rice Rots, El Nino Threatens More Damage
©2015 Bloomberg News NQ07LM6KLVR7 (Bloomberg) — A rice glut that sent prices slumping more than a year ago is shrinking, just as El Nino arrives to parch paddies across Asia. Global inventories were already heading for an eight-year low, including stockpiles so spoiled that top exporter Thailand may sell most
Asian Stocks Slip With Euro as Greek Talks Fail; Treasuries Rise
©2015 Bloomberg News NPYNTK6JTSEF (Bloomberg) — Asian stocks fell with U.S. index futures, and the euro weakened, after talks between Greece and its creditors broke down without a deal on bailout aid. Treasuries advanced, while crude oil extended losses with wheat. The MSCI Asia Pacific Index slipped 0.5 percent by
*Hillary Clinton Says President Obama Should Listen to Nancy Pelosi on Trade
©2015 Bloomberg News NPYE0R6JTSE9 (Bloomberg Politics) — Hillary Clinton suggested Sunday that discontent within the Democratic Party over the potential Trans-Pacific Partnership trade deal should lead President Barack Obama to drive a harder bargain. “Let’s take the lemons and turn it into lemonade,” said Clinton, the front-runner for the Democratic presidential nomination, at a campaign
Hedge Funds Harvest Bearish Crop Bets Too Soon as Glut Expands
©2015 Bloomberg News NPY8GFSYF01S (Bloomberg) — Hedge funds retreated from bearish bets on agricultural commodities too soon as the U.S. government said crop supplies will keep getting bigger. Speculators cut the net-short position in wheat, dumping wagers on declines at the fastest pace since 2013, just before prices tumbled for
A Well Thought Out Scream By James Riordan: U.S. Committee Chooses Boston for 2024 Olympics
The U.S. Olympic Committee has chosen Boston to bid for the 2024 Games in an attempt to bring the Summer Olympics to America after a 28-year gap. The final four cities under consideration were Los Angeles, San Francisco, Washington and Boston, all of which lobbied hard to become the American
Bill Clinton Defends Boeing Donations in CNN Interview
©2015 Bloomberg News NPSVDI6S972F (fixes typo in lede) (Bloomberg Politics) — Former President Bill Clinton defended contributions from Boeing Co. to his foundation while his wife was secretary of state, saying that the donations for efforts to rebuild Haiti after the 2010 earthquake were not connected to any advocacy by President
Twitter Suit to Publish National Security Probes May Be Moot
©2015 Bloomberg News NPSTUBSYF01T (Bloomberg) — Twitter Inc.’s lawsuit to allow it to make public the “limited” scope of U.S. government surveillance of its users may be irrelevant under a new law passed by Congress, a judge said. Twitter sued in October seeking to publish more precise numbers of so-called