Latest Business News: U.S. Energy Department Pledges Action in Handling Gas Export Applications

Wochit 0:57 mins

Energy Secretary Ernest Moniz said he expected to have a "fair amount of action" during 2013 in evaluating applications by companies to export natural gas from the United States. The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels not seen since the last financial crisis. David Drumm, An Irish banker taped saying he would demand cash from authorities to keep operating and making light of a 2008 bailout, prompting criticism around Europe, apologized for his comments in an interview. saying there was "no excuse for the terrible language or the frivolous tone".

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