World News

IMF Releases Data on the Currency Composition of Foreign Exchange Reserves Including Holdings in Renminbi

March 31, 2017/IMF The International Monetary Fund (IMF) today released on its website the quarterly data on the currency composition of official foreign exchange reserves (COFER) for the quarter ending December 2016 with an expanded currency range, separately identifying holdings in renminbi (RMB) for the first time. COFER is a […]

LafargeHolcim establishes its new European Works Council

March 27, 2017/LafargeHolcim LafargeHolcim and employee representatives in Europe have renewed their commitment to social dialogue by establishing the new European Works Council (EWC). The EWC will bring together representatives from some 19 countries with senior leaders from LafargeHolcim and constitutes an important forum for consultation and dialogue at a […]

GOLDMAN SACHS: Another oil glut is coming in 2018

March 25, 2017 Nick Cunningham, OilPrice.com Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has taken more than 1 million barrels per day of oil off the market has […]