Why Falling Chinese Oil Production Is Good for Global Prices

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Chinese oil production is expected to fall this year and state-owned companies are investing less, which means demand for oil from overseas should remain firm.

This Chinese City's Property Market Is Out of Control

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Shenzhen housing prices are up nearly 50% from a year ago. Speculation and unaffordability mean such gains are likely unsustainable.

Viacom CEO Defends His Leadership

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Viacom Chief Executive Philippe Dauman fiercely defended his leadership and the board’s recent decision to name him executive chairman as the company reported a profit decline in its most recent quarter.

Obama Budget Aims to Mold Debate

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President Barack Obama’s $4.1 trillion budget proposal is designed to find a few spots of bipartisan agreement while also laying out a broader liberal policy agenda for a potential future Democratic administration.

The High Consequences of Low Interest Rates

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At the start of 2016, Americans were bracing for interest rates to rise significantly for the first time since the financial crisis. Instead, rates have slumped anew, rattling financial markets and undoing the plans of investors, consumers and businesses alike.

Disney Stresses ESPN to Allay Cable Fears

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Disney aimed to counter the arguments that ESPN’s business is in decline, while “Star Wars” drove a strong quarter for the company’s movie and consumer products businesses.

Investors Flee Risky European Bank Debt

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Contingent convertible bonds, or CoCos, have declined about 12 cents on the dollar this year, as banks’ prospects dim and investors sour on the debt.

Los Angeles Rams' Stan Kroenke to Buy Vast Texas Ranch

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The 535,000-acre Waggoner ranch will be sold to billionaire Los Angeles Rams owner Stan Kroenke in a deal approved by a court Tuesday. The terms weren’t disclosed, but the property had been listed for $725 million.

Morgan Stanley Executive Provides Grim Picture for Wall Street

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Morgan Stanley’s top trading executive warned that the first quarter was shaping up to be another tough one for Wall Street, as volatile markets take a toll on investors’ desire to buy and sell with banks.

Argentina Hires New Lawyers in Debt Battle

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Argentina hired new lawyers to represent it in a debt battle that’s dragged on for 15 years.

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