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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Nov 11, 2015
Page
14
The IEA projects in its World Energy Outlook 2015 central scenario that oil will remain under $80 a barrel for the next several years, hitting $80 in 2020 with price increases thereafter as global petroleum demand rises by about 900,000 barrels per day by 2020. Brent rises to 47.44 and WTI to 44.21 amid modest gains.
Lufthansa halted 930 flights planned for Wednesday at three German hubs after talks failed to end the flight attendants strike. About 100,000 travelers are affected at Frankfurt Munich and Dusseldorf airports. Dow Jones Industrial Aug.
San Francisco Fed President John Williams says there is a very strong case to begin raising rates at the December 15-16 meeting if economic data stay in line with expectations. He notes unemployment near 5 percent, ongoing growth, and argues gradual hikes to curb inflation risks while data improve.
Neel Kashkari 42 will lead the Federal Reserve Bank of Minneapolis starting January 1. He helped on the James Webb Space Telescope as an aerospace engineer and is noted for his role in the 2008 TARP bailout. He has worked at PIMCO and Goldman Sachs, replacing Narayana Kocherlakota.
Six S&P 500 members including Pinnacle West, Amazon.com and Royal Caribbean are forecast to lift Q4 adjusted earnings well above year-ago levels. If forecasts hold, Q4 would mark a second straight earnings decline for the index, despite some highflying names and a mixed market backdrop.
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