March 24, 2017 / 7:16 PM / in 7 months

Business Watch: All drill, no frack for U.S. shale producers

All drill, no frack

An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo

U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country.

Russia has the EU in a bind

The bloc is divided between eastern European and Baltic Sea countries that see a new pipeline carrying Russian gas across the Baltic as making the EU a hostage to Moscow – as well as those in northern Europe, for whom the economic benefits take priority.

Cha-ching!

Credit Suisse CEO Tidjane Thiam’s pay swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland’s second-biggest bank.

Wall Street likes the glass half full

Investors backed off fears that a failure to repeal Obamacare would endanger President Trump’s entire agenda in favor of optimism that he would simply get on with tax cuts and infrastructure reforms.

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