Global capital spending by leading exploration and production companies will total $450bn in 2017, up 3% compared to 2016 and ending two years of steep declines. “The industry has moved out of survival mode, through a phase of adaptation to lower prices and now it is beginning to think about renewed growth.” Source:FT
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Sen. Bob Corker (R-Tenn.) said he excepts to see the text of the Senate bill to repeal and replace ObamaCare on Thursday as Senate Republicans eye a vote on the legislation next week. “I am going to vote for this bill or vote against this bill determined based on how it affects people in Tennessee and actually how it affects our nation. And my understanding is I’m going to see it on Thursday,” Corker told MSNBC. Source The Hill
The U.S. current account deficit widened slightly in the first quarter, as the country imported more crude oil, car parts and supplies for its factories. The current account deficit for the fourth quarter was revised up to $114.0 billion from the previously reported $112.4 billion. Source Reuters
German Chancellor Angela Merkel said Tuesday she was prepared to “consider” new French President Emmanuel Macron’s proposals for a shake-up of the eurozone.
Speaking to business leaders in Berlin, Merkel acknowledged that the “economic cohesion of the eurozone member states leaves something to be desired”. Source The Local