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Coal prices may rise for first time in two years

Bloomberg Potential supply cuts have the price of metallurgical coal — the kind used to make steel — poised to do something it hasn’t done since October 2013: Rise. The benchmark contract for the coal may gain by a few dollars in the second quarter amid speculation that China is curtailing supply amid high costs, Mark Levin, a coal analyst ...

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This oil rally looks a lot like last it was during last spring

Bloomberg What is the oil rally running on? “Gasoline!” cry bulls. “Fumes!” cry bears (and the odd headline writer). To find out who is right, it is worth comparing this rally with the one that happened almost exactly a year earlier. The similarity doesn’t end there. This chart shows what happened with oil prices at the start of this year ...

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Defying global slump, USA hiring surges in February

Washington / AFP US employers defied a global slowdown and pumped up hiring in February, fending off worries about financial market turmoil and the oil industry crash. The Labour Department reported that companies and government authorities added a much better-than-expected 242,000 jobs last month, and the figures for the previous two months were revised higher. Steady growth in consumer spending ...

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