economics-led

Asia’s factories stay sluggish, stimulus lacks traction

Japanese manufacturing activity shrank in April at the fastest pace in more than three years as deadly earthquakes disrupted production, while output in China and the rest of Asia remained lukewarm at best. “The backdrop remains one of sub-trend growth, inflation that is below target, difficulty …

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Asia’s factories stay sluggish, stimulus lacks traction

economics-led

As oil plows through $45 a barrel, U.S. producers rush to lock in prices

The flurry of dealing kicked off when prices pierced $45 per barrel earlier in April. While it was not clear if oil prices will remain at current levels, it may also be a sign producers are preparing to add rigs and ramp up output. This

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As oil plows through $45 a barrel, U.S. producers rush to lock in prices

economics-led

Halliburton and Baker Hughes scrap $28 billion merger

Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. It is the latest example of a large merger deal failing to make it

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Halliburton and Baker Hughes scrap $28 billion merger