According to the latest figures from the Office of National Statistics, released on Tuesday, industrial production fell by 0.7% in November 2015, although it grew by 0.9% from the same period in 2014.
The United States and its allies are trying to muster worldwide support for a new round of sanctions against the North after it conducted its fourth nuclear test last week.
The Dec. 1 wheat stocks figure of 1.738 billion bushels was a five-year high that exceeded market expectations by 40 million bushels. Corn ending stocks are projected 17 million bushels higher at 1.8 billion bushels, stocks remain the highest since 2005-’06.
The fallout from the commodities price collapse is now spreading far beyond the oil patch, souring the mood of Canadian businesses and derailing their plans to hire and invest.
The slump in oil prices follows the tumble in the Chinese stock market, which went down seven percent on Tuesday due to a drop in manufacturing activity.
The Nasdaq composite slipped four points, or 0.1 percent, to 4,637. Currency markets saw some wild swings and the rand collapsed to record lows at one point before bouncing.
The internet has been in an uproar all week after several publications cited that Apple could be removing the headphone jack on their upcoming models. Last year, Apple also launched the new super slim MacBook which completely ditched the ubiquitous USB port and comes only with a...
Brent dropped to $35.54, its first 11-year low, in early trade, but it recovered a little and at 9:45 a.m. GMT (4:45 a.m. ET) was down about 2%, sitting at $35.68 a barrel, just $0.15 above its earlier bottom.