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At least one advocate hailed the changes as more evidence of a new consultative, environmentally friendly approach to resource development, but complained that Energy East would be allowed to proceed under the new, transitional process.

Since the Federal Reserve increased rates in December by 0.25 percent for the first time in a decade, stocks have slid. The Fed is not holding a news briefing after the meeting, nor is it releasing new economic or interest rate forecasts until March.

Downward pressure on the global oil market has increased further after the International Energy Agency (IEA) warned on Tuesday that the oil market could “drown in oversupply”.

In his opening remarks, Abdullatif Al-Othman, the governor and chairman of the Saudi Arabia General Investment Authority (Sagia), said this year’s forum came at a crucial juncture for Saudi Arabia, which has announced plans to accelerate economic reforms in order to...

Delorean, was arrested and charged with selling cocaine to save his company, though he was later acquitted.

Wednesday reported that net profit for the fourth quarter, on IFRS basis, slid to 251 million euros from last year’s 420 million euros.

This would be the worst growth rate for Saudi Arabia since 2009, when the economy contracted by 2.1 per cent because of the sharp fall in crude prices due to the global financial crisis.

This sharp contraction of trade of the Asian giant, to 24,590 billion yuan (3.740 billion dollars), contrasts sharply with the ambitious 6% increase that Beijing was aiming for, thus missing its target for the fourth consecutive year.

New home sales in December far surpassed expectations, soaring 10.8% between November and December to an annual rate of 544,000, the Commerce Department reported Wednesday. November’s sales pace was revised up to 491,000 units from the previously reported 490,000 units.

While the new economic normal for China is still enviable at 7 percent, there are some concerns about how big the slowdown actually is and how the country’s government will handle a slowing economy.

Instead, Nexstar will walk away with Media General.

Apple announced that it had sold 74.8 million iPhones in the first quarter ending 26 December, 2015. But Tuesday’s forecast implies Apple doesn’t expect to match the 61 million iPhones sold in last year’s January-March quarter. According to CNET, this would be...

Apple said earnings for another quarter will be between $50bn (GBP 34bn; Euro 46bn) and $53bn, below the $58bn it reported for the exact same period a year ago.

Mr. Saleh said that Gulf producers will continue investing in expanding their production capacity regardless of the price to avoid future price spikes, and Kuwait will base its fiscal budget on a price of oil around $25 a barrel.

Abu Dhabi. The Opec oil cartel has issued its strongest plea to date for a pact with Russian Federation and rival producers to cut crude output and halt the collapse in prices, warning that the deepening investment slump is storing up serious trouble for the future, The Telegraph...