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The Sultanate of Oman’s oil and gas industry is undergoing a much needed revival. During the late 1990s, exploration and production (E&P) activity saw the country produce 950,000 barrels of oil equivalent per day (boepd) on average. However, by 2007 production fell to an all time low of 714,000 boepd prodding Omani policymakers towards placing greater emphasis on fresh technological and capital investment to boost production. Since Oman’s proven reserves, thought to be in the region ...
On Monday, August 25, 2014 the S&P 500 Index crossed 2,000 points for the first time ever more than 16 years after it hit 1,000. Take a look at the ten largest components then and now. #1 Then General Electric (GE) Market Value Then: $240.1 Billion % Index Then: 3.2% 2014 Rank: 8 #2 Then Coca-Cola (KO) Market Value Then: $164.9 Billion % Index Then: 2.2% 2014 Rank: 19 ...
The week ahead brings important updates on US second-quarter gross domestic product (GDP), a number of reads on the housing market, and earnings from retailers and advertising giant WPP . But the launch of the new Madden NFL 15 video game from Electronic Arts could grab more headlines than most. Electronic Arts’ share price has jumped in recent days, perhaps on the back of positive publicity for the new game, so Tuesday’s ...
All eyes are on the Fed. When will it begin to raise interest rates? Some say next summer. Others think sooner, in the first quarter of next year. A few Fed governors insist that will be too late, that the Fed needs to act before year-end. Analysts hoped some hints could be gleaned by reading between the lines of Fed Chair Yellen’s speech in Jackson Hole on Friday morning, or perhaps from nuances in her tone of voice. That is how much investors, who despised the Fed ...
If you get stuck paying out huge amounts to anyone, you want to ease the burden by writing it off. Bank of America may be smarting over the historic $17 billion legal settlement it reached over soured mortgage securities. Still, it should be mollified that it’s getting a hefty tax write-off. How, you might ask? It got around the Department of Jusitce’s recent policy of nixing tax deductions. See DOJ Allows Bank of America to Deduct $12 Billion of $17 Billion Settlement. Not everyone ...
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