FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 29 March 2016

Early Headlines: Asia Stocks Lower, Oil Down, FBI Cracks IPhone, US Manmade Earthquakes, BofE To Clamp Down On Housing Bubble, Egyptian Plane Hijacked, China Credit Cards Used For Capital Flight And More

Written by Econintersect

Early Bird Headlines 29 March 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.




  • Oil prices fall as concerns rise over rally petering out (Reuters) Oil prices fell on Tuesday as concerns mount that a rally since January is fizzling out, while analysts forecast another rise to record levels for U.S. crude stockpiles. U.S. oil CLc1 was down 30 cents at $39.09 a barrel at 0553 GMT, after finishing down 7 cents at $39.39, the previous session. Brent LCOc1 fell 35 cents to $39.92. On Monday it settled down 17 cents at $40.27 a barrel.


The idea that import barriers will strengthen the economy is brainless populism -- and one might expect economists to say so. If only. Many experts say, or seem to say, that it's all very complicated, that the benefits of free trade have often been overstated, and even that itmight not matter too much if the U.S. retreated from the global economy.

Economists don't want to be thought simple-minded -- or, worse, market-fundamentalist. But the result is that some aggressively dumb economics is arousing only the most feeble pushback. The case for free trade, correctly understood, is as powerful as ever. It deserves much stronger support.

  • Justice Department cracks iPhone; withdraws legal action (Associated Press) Sorry Apple, your encryption is not so tough after all. The FBI has cracked the code and gained access to the San Bernadino shooter's iPhone.

  • Here's the U.S. Earthquake Forecast, Now Including the Quakes We Cause (Bloomberg) There were more than 1,000 quakes last year with a magnitude greater than 3 on the 10-point Richter scale, up from an annual average of 24 between 1973 and 2008. The states facing the highest risk from human-induced quakes are, in order, Oklahoma, Kansas, Texas, Colorado, New Mexico, and Arkansas. This increase is caused by human activities, namely fluid injection or extraction associated with petroleum production.



  • Egypt Air Domestic Flight Hijacked, Lands in Cyprus (Bloomberg) An Egypt Air flight from Alexandria's Burg Al-Arab airport to Cairo was hijacked to Cyprus on Tuesday. Egypt Air flight MS 181 was scheduled to land in the capital at 7:15 a.m. One hijacker told the pilot that he was wearing an explosive belt, Al Arabiya television reported. Apparently the hijacker, 55 passengers and 5 crew are still aboard the aircraft sitting on the tarmac. No demands have been reported, but police vehicles have moved away from the plane.


  • Defence policy to give a push to 'Make in India' (The Hindu) The Defence Ministry on Monday unveiled the new Defence Procurement Policy, intended primarily to improve indigenous procurement, but left out the most significant reform it had been promising. The DPP-2016, made public to coincide with the latest edition of DefExpo in Goa, was expected to herald a new era in the way India's private sector participates in defence procurement, but that is not to be. Speaking at the inauguration of DefExpo, an exhibition of land and naval systems, Defence Minister Manohar Parrikar said the new policy would give top priority to speedy procurement, focus on indigenous design and development and lay emphasis on Make in India.


  • The Credit Card Loophole That Gets Around China's Capital Curbs (Bloomberg) Mainland Chinese often use life insurance policies to evade capital controls the government has imposed to try to support the value of the yuan renminbi. Since February, Chinese regulators have moved to control the booming business of citizens buying insurance in Hong Kong, first by putting a $5,000 limit on each transaction and later by limiting electronic transfers for such purchases. How do wealthy Chinese react? How about 800 credit card swipes (separate transactions) to buy $4 million of life insurance? Yes that apparently has been done.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

You can also comment using Facebook directly using he comment block below.

Econintersect Contributors


Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Take a look at what is going on inside of
Main Home
Analysis Blog
From Money Controlling People to People Controlling Money
Rising Tide Does Not Lift All Ships
News Blog
How The Space Station Avoids Junk In Space
Infographic Of The Day: The Most Popular Jobs In A Decade
Early And Late Cycle Verdicts Are Baseless
The Surprising Divergence Of Employment And Capacity Utilization
The Slump In Undocumented Immigration To The United States
U.S. Productivity Growth Flowing Downstream
Your Light Bulbs Could Be Playing Havoc With Your Health - Here's Why
Mentions Of Trump And Clinton In Hip Hop Lyrics
Salary Is The Most Important Job Criterion
Can Switch Replicate Nintendos Past Success
The Numbers Behind The Zumwalt
Docking A Huge Cruise Ship Is More Complicated Than You Think
New Seasonal Outlook Updates from NOAA and JAMSTEC - Let's Compare Them.
Investing Blog
FinTech Is Taking A Bite Out Of Banks
Options Early Assignment - Should You Worry?
Opinion Blog
The Beer Goggles Stock Market
US 2016 Election: Will US-China Relations Change
Precious Metals Blog
Preparing For Post-Election Social Unrest
Live Markets
21Oct2016 Market Close: Major US Indexes Close Flat On Low Volume, Crude Prices Resume Climb, US Dollar Stabilizes In Mid 98 Handle, Yes, Most Investors Are Worried Which Way This Market Will Go
Amazon Books & More

.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

Crowdfunding ....



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved