The shekel slid to a two-month low after Israel’s central bank pledged this week to buy foreign currency to arrest appreciation and as optimism the U.S. economy is improving fueled gains in the dollar.
“Energiewende” may not be a household word in the United States today, but U.S. citizens and policymakers are likely to hear more about it. It’s the name of Germany's ambitious energy transformation, which aims to move the country to at least 80 percent of electricity from renewable energy sources by 2050.Germany already gets nearly 25 percent of its electricity from renewable sources, up from just under 7 percent thirteen years ago. That is no small feat. Germany is a manufacturing powerhouse: It's the world's fifth largest economy and third largest exporter.
British Columbia Premier Christy Clark’s Liberal Party defeated the opposition New Democratic Party in a surprise election result that may bolster plans by Enbridge Inc. to ship more oil across the Canadian province.
Two weeks after Royal Dutch Shell Plc and Platts changed the way more than half of the world’s crude is valued, the companies along with BP Plc and Statoil ASA are being probed by European antitrust regulators about potential manipulation of oil prices.