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Natural resources and energy North America

Oil privatisation central to Mexico’s economic overhaul

In an act that was met with mixed views by its public, Mexico’s nationalised oil sector has been opened for private investment for the first time in 75 years. In

Natural resources and energy North America

Oil glut could pose risk for U.S. shale oil revolution

With oil production reaching a historic peak, the U.S. may have to reconsider its 40-year-old ban on oil exports. The year 2014 could pose a milestone for the U.S. oil

Economics North America

Expiration of jobless benefits poses growth risk to US economy

With benefits for the long-term unemployed ending at the beginning of 2014, forecasters are downgrading US growth projections. For 1.3 million long-term unemployed workers in the US, 2014 starts with

North America Politics

U.S. Congress has a budget deal, but more uncertainty lies ahead

Despite the successful Ryan-Murray budgetary agreement, another U.S. Debt Ceiling Debate Looms on the Horizon. A compromise brokered by Republican Representative Paul Ryan and Democratic Senator Patty Murray is poised

Finance North America

The Volcker Rule depends on regulator cooperation

Over three years in the making, a key piece of the Dodd Frank Wall Street Reform and Consumer Protection Act reaches completion and limits proprietary trading by US banks. Yet,

Economics North America

Fed mulls taper, possible changes in guidance

A strong December U.S. jobs report has fueled speculation on the possibility of a taper of asset purchases in December or January. However, job numbers are not clear-cut for a

Finance North America

Could Puerto Rico default?

Puerto Rico is about to follow in the footsteps of Detroit, with few options left but declaring bankruptcy. With U.S. retirement funds relying on Puerto Rican bonds in portfolios, the

North America Politics

TPP delayed as US auto makers push for currency clause

As the year’s end deadline for the Trans-Pacific Partnership (TPP) deal nears, US lawmakers press to include a provision on currency manipulation – in part to support US automakers. Including

North America Politics

Why US business cannot afford to ignore unbalanced politics

The US government shutdown revealed that big business may have responsibilities to a functioning political system. After a three-week debacle, the greatest loser is neither a political party nor the

Economics North America

Why you should cherish Yellen’s academic background

A look at new Fed chair Janet Yellen’s academic background offers interesting insights into Obama’s pick for America’s top financial position. Robin Harding summarized the situation that Janet Yellen, President Obama’s