Investing and Global Finance News

Monthly Archives: October 2015

Oil Prices Rise Slightly After Week of Price Drops

There was a slight uptick in the price of oil on Monday as traders wait to see what data from the US and Europe has to say about those economies. The small price rise came after a week of sharp gas-station-727162_1280declines in the price of oil as fears of an oil oversupply continue to affect prices.

According to analysts the additional interest rate cut in China, the sixth this year, is not enough to stimulate the Chinese economy which would help send oil prices up.

“Key economic data from the US on growth in durable goods orders, third quarter GDP and business confidence and unemployment data from the European Union will set the tone for prices this week,” said Sanjeev Gupta, EY’s chief of Asia-Pacific Oil & Gas practice.

Investors are also paying close attention to the upcoming policy meeting of the US Federal Reserve. Although it is expected that eventually the US Feds will be increasing interest rates, the expectation now is that it won’t happen until after the new year begins.

As the world’s second largest economy and largest consumer of energy, any hint of a slowdown in China sends oil prices tumbling and leaves the world with an oil glut. Gupta from Singapore said that the interest rate cut and speculation about more economic stimuli from the European Central Bank “did not help alleviate the market’s short-term concerns about the continuing oversupply in oil.”

Executive director of the International Energy Agency, Fatih Birol said at an energy conference last week that the market will stay “comfortably supplied” until the middle of 2016.

Thailand Competing for US Business Income

During the eight months between October 2014 and June 20115 Thailand hosted 38,584 Americans who were there to attend business meetings and conventions. That influx of business-related tourism added $108 million to Thailand’s economy. Now the Thailand Convention and Exhibition Bureau (TCEB) wants to add to this flow of revenue through a new marketing campaign… Continue Reading

Study Shows Extended Stay Accommodations Rising in Popularity

A new study by the GBTA Foundation found that almost half of all US international business travelers utilized extended stay accommodations during the past year. The GBTA Foundation is the education and research division of the Global Business Travel Association. The GBTA Foundation worked together with WWStay to publish “Extended Stay Accommodations: Awareness, Supply and… Continue Reading

Aviation Industry Stable Declares Trade Industry Head

President Ed Bolen of the National Business Aviation Association declared that the industry he represents is as stable as it’s been since the Great Recession of 2007-2009. Bolen was speaking at the Bombardier’s Safety Standdown at the Hyatt Regency in Wichita. The three day annual event is for aviation safety training for pilots and organized… Continue Reading