Goldman executives pocket $50m in share sales

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Chief executive Lloyd Blankfein and David Viniar, the departing chief finance officer exercised stock options and sold shares in recent weeks
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Euro pares gains on Moody’s downgrades

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Global stocks end a volatile month on steadier ground as uncertainty lingers over the US budget but with traders buoyed by easing eurozone tensions
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Germany approves new Greek bailout

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Bundestag backs deal, removing an important hurdle on the path to the eurozone releasing the next tranche of funding by the middle of December
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Two sides in deadlock over fiscal cliff

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US president will take a harsh tone against congressional Republicans, and will ask them to ‘stop holding the middle-class tax cuts hostage’
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(Bureau of Safety and Environmental Enforcement)

Drilling industry fears ‘ripple effect’ from BP suspension

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The Obama administration decision to block BP from new government contracts and offshore energy leases could ripple across the Gulf of Mexico, hurting drilling contractors throughout the region, industry groups charged Friday.

Moscow’s rich buy £1m entry into UK

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The number of wealthy migrants entering the UK on specialist visas designed to attract millionaire investors has jumped by 78%
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US banks warned on global reforms

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FSB prompts biggest groups on compliance
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Russian Oil Production to 2020

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Uncertainty whether Russia can maintain its high level of oil production continues – 10.7 million b/d in 2012 to date on average. A new more benign tax regime recently put into place and significant industry investments may plausibly enable the Russian…

Carney will need to harness political skills

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Part of the new BoE governor’s job will be to reassure the British people that a deeply unpopular economic strategy is heading in right direction
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(Photo: BFS Man)

Report: Higher costs, lower demand for power generators

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A new report from the Deloitte Center for Energy Solutions makes a couple of predictions: the cost of providing electricity will go up in the future, as will the price for buying that electricity.
Categories: Electricity