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Americas largest underground coal miner is headed for bankruptcy

  
  Analysis
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Murray Energy didn’t make interest payments due yesterday

Murray Energy didn't make interest payments due yesterday
Coal isn’t back.
Murray Energy was granted extensions to renegotiate debt deals but they appear to have come up empty. Bloomberg reports that the company failed to make an interest payment due yesterday.
The failure of this company highlights the limited power of even the President of the United States in battling against economic forces. Many coal companies have already filed for bankruptcy, although none as big as Murray. The company employs nearly 7000 people and the largest underground coal miner in the United States.

November core sector output at five-month high of 6.7%.Another Useless Data For Traders

  
Analysis, Education
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The annual infrastructure output growth accelerated to a five-month high of 6.7%in November, driven by higher production of cement and refinery products, government data showed on Wednesday.

The output expanded 6.3% year-on-year in October. It was 3.2% in the same month last year.

On annual basis, the coal production increased by 14.5% during the month.
The cement output accelerated to 11.3% as against -1% in October.
The April-November core industries’ growth increased to 4.6% from 4.1% a year earlier.

The infrastructure sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India’s industrial output.

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