The Australian government will push ahead for a Trans-Pacific Partnership trade deal without the United States and is open to Indonesia, China and others seeking to join the agreement. The trade agreement can go ahead only if at least six of its 12 original members have ratified the agreement. Source: Guardian
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As of March, the biggest explorers had hedged 28% of this year’s production, according to Warren Russell and Michael Cohen of Barclays Plc. There are no guarantees for 2018, however, when most of the hedges expire. “Now that it’s trading under $50, not many people are rushing to hedge.” Source: Bloomberg/WorldOil
Government debt and budget deficits are both set to spiral higher in the coming three decades if current patterns hold, according to new projections released by the Congressional Budget Office. Due largely to increases in Medicare and Social Security costs, the federal debt will reach 150 percent of GDP in 2047. Source: CNBC
NATO is offering jobs to Russian-speaking actors ready to play civilians in the alliance’s military drills, according to a job advertisement. The group says it’s seeking actors to represent Russian-speaking “Civilians on the Battlefield,” such as farmers or shopkeepers, in unspecified conflict regions. Source: RT