Tuesday, August 29, 2017

A Revolution That Can't Come Fast Enough

The coming clean energy revolution

A technician inspects a solar power farm in the remote mountains of Dingyuan county, Anhui province, which has helped alleviate poverty in the region. [Song Weixiong/for China Daily] China is expected to invest $3 trillion in power generation over the next 25 years, according to a recent report released by Bloomberg New Energy Finance or BNEF.…

The Global Trend Is Catching On

'Why Nigeria May Phase Out Diesel, Petrol Vehicles'

As part of measures to battle global warming, Nigeria, a signatory to the Paris treaty, may ban petrol and diesel vehicles within the next decade. President Muhammadu Buhari signed the Paris agreement earlier in the year to reduce greenhouse gases emissions. Experts said petrol and diesel vehicles are leading causes of pollution across the world. Indeed,…

A Bump, But Not For Long

Hurricane Harvey harms energy sector too, say experts

The effects of Hurricane Harvey are being felt across the energy sector, with oil refineries along the Gulf Coast off-line and fuel output dropping dramatically, fueling fears that gas prices could soon spike as a result. Energy market analysts say the storm, which wreaked havoc and dumped historic amounts of rain over the weekend, is likely…

Trump Is Not A Master Of Trianglulation Like Clinton

Trump Being Warned by Advisers About Impeachment

Donald Trump's presidency already has been one of the most controversial in American history, and its ending could be just as action-packed and unpredictable as his first seven months in office. As the 45th president deals with his stalled agenda, his sinking approval ratings and the investigations into his presidential campaign's possible ties to Russia, White…

Monday, August 28, 2017

Not Sure This Is Good News For Everyone

China's industrial robot market to exceed $4b in 2017: Report

China's industrial robot market is expected to reach 4.22 billion U.S. dollars in 2017, according to a report released at the ongoing 2017 World Robot Conference in Beijing. China has been the world's largest market for industrial robots for five years, accounting for over 30 percent of the global market, the report said. It is estimated…

Great, But We're Still Swimming In Oil. This Celebration May Be Premature.

Outlook bright for China's oil giants

PetroChina's petrol station is pictured in Beijing, China, March 21, 2016. [Photo/Agencies] Analysts believe the outstanding performance of China's three major oil companies is expected to continue in the next six months, as oil prices surge and oil companies worldwide gradually recover from the sector's two-year crash. China National Petroleum Corp, or PetroChina, the nation's largest…

Sunday, August 27, 2017

Face-off For The Next Fight

Yellen: Financial System Safer, But Adjustments May Be Needed

The head of the U.S. central bank says the financial system is safer now than it was before the recession, and urges Washington to make some adjustments in financial regulations, rather than trash them. Federal Reserve Chair Janet Yellen says the recession of 2008 cost nine million American jobs and meant millions of people lost their…

Bearish Market Implications If He Can't

Trump Faces Difficult Task of Corralling Divided GOP on Tax Reform

The White House claims it is making progress on tax reform and could roll out part of its plan next week, but the president's increasingly contentious relationship with lawmakers on the Hill has put a pall over the effort's progress. President Donald Trump has been using Twitter to blast Senate Majority Leader Mitch McConnell and reportedly…

FinTech Blockchain Already In The Marketplace

Solidum Partners Completes First Catastrophe Bond On A Blockchain

Zurich-based Solidum Partners has completed a private catastrophe bond transaction, $14.8m of notes which it believes is first such securitisation to be settled using a private blockchain. The transaction was issued using Solidum Partners Guernsey-domiciled transformer vehicle Solidum Re ICC Limited, with one cell named Dom Re IC Limited hosting the underlying reinsurance contract and acting…

I'm Pretty Sure The Rest Of The World Enjoys It Too

Impeaching Trump Is America’s Favorite Solution: Poll

Most people in a new survey said the best response to Donald Trump’s actions while president would be to impeach him or otherwise remove him from office. Harvard University’s Center for American Political Studies and research marketing firm Harris Insights and Analytics this week published the results of their monthly national poll, in which respondents were…

Emerging Markets Should Be The Future (Of Your Retirement Plans)

A stunningly beautiful friend of mine from South Africa and I were talking and she sounded surprised when I said how bullish I was of emerging markets (including South Africa). Yes these countries are all struggling with corruption and political instability of one form or another, but developed countries did so as well over a hundred years ago which is why I think this is their century. We forget the powerful civilising influence good ethical business has on a country that's struggling and what it does for giving people the means to get themselves out of poverty.

Below is Emerging Markets ETF EEM. I was looking at the long term chart over twenty years and from a price of $10 its now $45 which would have been a fabulous investment if you also factor in dividends. What I also noticed is that it appears to be putting in a massive ascending triangle and currently is sitting at resistance from tops put in 2007 and 2011. In terms of the bigger picture does this represent a moment of breakthrough or will it pullback before smashing through?

The daily picture looks a little less optimistic. Near term we need to be exercising some caution because all the indicators are almost euphoric. Stochastics and RSI are all above 90. We've had an uninterrupted ascent since the beginning of the year all of which was above the EMA(144). Currently the EMA's are still bullishly configured but in the channel I have attempted to draw we can see it is at upper resistance. The final peak of resistance is at just below $46 from back in 2007 with three touches on the upper band. Now is it not the time to be dipping your toe in Emerging Markets, but it should be a big part of anyones retirement fund.

Saturday, August 26, 2017

The Power The Atomic Nucleus Harnessed For Stock Trades

Blockchain 'Atomic Ledger' Experiment Records 20 Million Timestamped Stock Trades

A group of researchers from the National Physical Laboratory, the Toronto Stock Exchange (TMX), and UK-based consultancy Z/Yen have brought atomic clock timestamp precision to stock market trading over a blockchain-style database. The "Atomic Ledger" project recorded over 20 million transactions, with Co-ordinated Universal Time (UTC) generated from atomic clocks, from three hours of trading to…

Friday, August 25, 2017

Money Reaching Those People Who Need It The Most

Cotton Tree Gets New Microfinance Institution

Former Central Bank of Liberia (CBL) Executive Governor Dr. Joseph Mills Jones last Wednesday opened the first Microfinance Institution for Community Empowerment (MIFICOME) in Cotton Tree, lower Margibi County. Entering Harbel, Dr. Jones and his entourage, including the national chairman of the Movement for Economic Empowerment (MOVEE) - Dee Maxwell Kemayah, were welcomed by a multitude…

On A Culture Of Sustainability, This Is Hardly Surprising

Most Chinese support green consumption, report finds

More than 70 percent of Chinese consumers understand the idea of sustainable consumption, according to a report released by the China Chain Store and Franchise Association. Sustainable consumption means buying products or services that have the least pollutants and do minimum harm to the environment. Sustainable consumption provides for the basic needs of consumers while improving…

Colonialism v2.0: India Throwing Their Hat Into The Ring

Indian Firms to Open Operations in Rwanda, Transfer Tech to Local Start-Ups

Databases of some 230 young Indian technologies engaged in more than 26 value chains are ready for acquisition by Rwandan entrepreneurs and business start-ups, officials have revealed. An Indian technology-led business delegation, India-Rwanda Innovation Growth Programme (IRIGP), has announced that up to 500 Indian firms will be interlinked with local start-ups as they set up shop…

Thursday, August 24, 2017

The Next Debt Time-bomb

The Millennial Debt Crisis You May Not Have Heard Of

America’s largest generation is frequently painted as the poster child for the student debt crisis, but college loans are not millennials’ sole credit problem. Nearly two in five have subprime credit and, according to a new study, the cards those individuals are most eligible for — and for which they’re often targeted through pre-approved offers —…

The Fed's Hangover

Where's the beef? Wall Street's Nothingburger Wednesday

WASHINGTON, August 23, 2017 – We should have known that after Tuesday's vivid display of irrational exuberance on Wall Street, we'd get a trading hangover on Wednesday. And that's exactly what we got: A broad-based but fairly shallow decline, a literal nothingburger of a day, with most of yesterday's winners getting at least moderately knicked before…

Silk Road Fundraising Begins

China's 'big four' banks to raise billions for Belt and Road deals

A Chinese clerk counts US dollar banknotes at a bank in Huaibei city, East China's Anhui province. [Photo/IC] HONG KONG-China's major State-owned commercial banks are raising tens of billions of dollars to fund the country's Belt and Road investment push, according to people familiar with the matter. The people said China Construction Bank Corp, the country's…

The Netscape Moment For Bitcoin

SegWit Ushers In The Future Of Bitcoin

It’s official: SegWit will be activated on the bitcoin network on Wednesday night. Bitcoin enthusiasts around the world are literally popping champagne and throwing parties to celebrate. This move ushers in a new era for cryptocurrency. “SegWit is actually something we’ve been waiting years for,” Elizabeth Stark, CEO and co-founder of Lightning Labs, told International Business…

The Bravery, The Risk, The Out-Dated Thinking

Lebanese beauty queen stripped of title over Israel visit

After 2016 trip to Jewish state, Amanda Hanna wrote on Facebook, ‘it turned out that I was wrong’ about enemy country By Times of Israel staff Illustrative: contestants pose at the 2016 Miss Lebanon Emigrant pageant. (Screen capture/YouTube) A Swedish-Lebanese beauty queen was stripped of her crown after pageant organizers discovered she visited Israel last year,…

Tuesday, August 22, 2017

And This Is Why I Continue To Like Natural Gas

China natural gas consumption expected to rise 10 pct in 2017

BEIJING -- China's natural gas consumption is expected to maintain double-digit growth in 2017 after signs of slowing over the past two years, a report said on Saturday. China's apparent consumption of natural gas may rise 10 percent year on year to 230 billion cubic meters this year, according to the report released at a forum…

Monday, August 21, 2017

This Has To Be The Clearest Indication That There Is An Over-Bough Real Estate Market

China to limit overseas investments in real estate, sports clubs

BEIJING — China will limit overseas investments by domestic companies in fields including real estate and sports clubs, while encouraging them to invest in infrastructure and new technology. Overseas investments in areas including real estate, hotels, cinemas, the entertainment industry, and sports clubs will be limited, while investments in some sectors such as gambling will be…

Colonialism v2.0: Financial Services Continue To Infiltrate Africa

South African, Chinese banks sign deal to fund SMEs in Africa

JOHANNESBURG — South Africa's Absa bank and China Development Bank (CDB) on Friday announced the conclusion of a $100 million Special Facility Agreement to fund small and medium-sized enterprises (SMEs) in Africa. Absa is a subsidiary of the Barclays Africa Group. The money will benefit Barclays bank's existing and prospective SME clients across the continent. The…

Nigeria Can't Fall Into The Same Trap As Other Oil Rich Countries

How Nigeria Can Cure Its Oil Addiction

Nigeria is addicted to oil. The oil industry contributes around 70 percent of Nigeria’s government revenue and over 90 percent of export earnings. Successive Nigerian governments have sought to diversify the economy, with limited success. But the global embrace of electric cars and the expansion of renewable energy is a signal of the waning power of…

Agricultural Technology Continues To Advance In Africa

Government to Scale Up Use of Greenhouses for High Value Crops

The Government is seeking to promote the use of green houses to harvest more from high value crops, in the forthcoming fourth Strategic Plan for Agriculture Transformation (PSTA4). Dr. Octave Semwaga, Director General for Strategic Planning and Programmes Coordination at the Ministry of Agriculture and Animal Resources (MINAGRI), made the revelation last week at the sidelines…

Sunday, August 20, 2017

Robots Continue To Encroach

Self-Driving, AI And Robotics Set To Transform The Auto Industry

The auto industry seems to be ready for disruption. It is an industry that has functioned largely without changes for the past hundred years, but with the emergence of technologies such as artificial intelligence, self-driving and robotics, the basic paradigm of the industry is expected to change. Robotics, for example, has been used for a long…

Dipping Our Toes In The Risk Pool?

I have made two previously disastrous calls on VIX in the past. Yes, there was a tepid rise from my previous signals but it wasn't the all-consuming breakout I had been hoping for and expecting. Numerous things could have stoked my interest at the time not least of which is the phenomenal payoff that will come when I or someone else finally gets it right. This is now the third time that I am putting a tentative "buy" signal on VXX. A lot of interesting things have happened in the last few weeks and as it turns out it has been geopolitical tensions and the black hole of American domestic politics that that I think have made people look at VXX as an appropriate hedge. The divergence in the Fed balance sheet and the rise of S&P continues to be my guiding light for where the market is headed, and granted we may get a bounce here, but the Russell looks to be putting in a rounding top pattern. VXX itself is still in bearish territory below the EMA(144) which means it merits extreme caution, but the volume bars do not lie. We've had some phenomenal rises with the EMA(8) crossing the EMA(13) meaning we put it on our buy watchlist. Curiously, a possible inverse head-and-shoulders pattern could be going in with a gap that needs to be filled around $16.00. My prediction is that gap will be filled on this rise.

Poverty Can Be Beaten Many Ways

World Bank chief hails China's fight against poverty

Argentine President Mauricio Macri (R) shakes hands with World Bank President Jim Yong Kim, after a joint press conference at the Presidential Country House, in Olivos city, 15km from Buenos Aires, Argentina, on Aug 17, 2017. [Photo/Xinhua] BUENOS AIRES - World Bank President Jim Yong Kim on Thursday praised China's anti-poverty measures which have successfully lifted…

Saturday, August 19, 2017

Africa Set To Invest In Developed Countries (gasp)

Dangote Sets Sights On U.S., Europe With $20 Billion Investment

Africa's richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the United States and Europe by 2025, in industries including renewable energy and petrochemicals. The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020 after completing almost $5 billion of agricultural projects and an $11…

Friday, August 18, 2017

Wearable Electronics, Vulnerable Patients, And An Insurance/Electronics Alliance In Heaven

Report: Aetna in talks with Apple to provide Apple watches to millions of customers

A partnership between Apple and Aetna could bring Apple watches to the insurance company’s more than 20 million customers, according to a report. Read more: 4 apps that could save your life in an emergency The two companies held private meetings Thursday and Friday in southern California to discuss options for such a move, CNBC reported,…

Middle East Turning Into Geopolitical Blocks And Alliances With All The Hallmarks Of Pre-War Europe

Saudi, Iraqi leaders draw closer after Sadr meeting

The motivation for Moqtada al-Sadr, an Iraqi Shia Muslim cleric, to meet the Saudi c rown prince last month was an attempt to roll back Iranian influence in Iraq, seek a leadership role and tone down sectarianism between the two countries, analysts say. Sadr, who is openly hostile to the US, was hosted on July 30…

Tuesday, August 15, 2017

High Yield (HYG) Has Broken Down, But Is There Now A Target at $86.50

High Yield ETF HYG did have a breakdown recently along with the rest of the market but the overall large upward channel is still holding. I'm not doubting that a near-term sell signal has gone in, but what I am predicting is that the support line around $86.50 might produce a bounce and buying opportunity. Currently all the moving averages are pointing to a "sell," but we are well above the EMA(34) so still definitely in bullish territory. Does High Yield foreshadow further market weakness, but more to the point, does it predict another bounce and rally?

Monday, August 14, 2017

Excellent, Around The Time Everyone Else's Is Declining

Africa's Working-Age Population to Grow By 450 Million in 20 Years

The working-age population in Africa is projected to grow by about 70 per cent or 450 million over a period of 20 years, spanning 2015 to 2035, said the Africa Competitiveness Report 2017. To date, Africa, which has Nigeria as one of the most populated, is inhabited by 1.246 billion people. The population had grown by…

D'uh, China Hasn't Needed The U.S. For Years

US Trade Act won't impede China's progress

US President Donald Trump will sign an executive memorandum on Monday authorizing the US trade representative to determine whether to investigate China's intellectual property and trade practices, which could pave the way for Trump to use Section 301 of the Trade Act of 1974 to impose tariffs on Chinese goods and eventually trigger a trade war.…

Other Car Major's Jump Into The Fray

Renault-Nissan to open smart car incubator in Israel

World’s largest auto manufacturer joins General Motors, BMW, and others in local development of advanced autonomous vehicle tech By Times of Israel staff An electric Renault vehicle charges in Ramat Hasharon, Israel. February, 7 2010. (Roni Schutzer/Flash90/Maariv Out) Renault-Nissan is jumping onto the Israeli smart car bandwagon. The company announced last week that it was opening…

Excellent Long-Term Forestry Management From An Unlikely Place

One Billion Trees Planted in Pakistan’s NW Province

Pakistan’s northwestern province, Khyber Pakhtunkhaw (KPK), has planted an unprecedented 1 billion trees in just more than two years and surpassed an international commitment of restoring 350,000 hectares of forests and degraded land. The massive effort aims to turn the tide on land degradation and loss in the mountainous, formerly forested KPK, which lies in the…

Friday, August 11, 2017

We Might Make It After-all

Cleaner Air And The Path To Continued Progress

America’s air is getting cleaner and cleaner, even as the economy continues growing. So says EPA’s latest annual report on air quality, which tracks improvements since 1970. Cleaner air during economic growth, including the ongoing U.S. energy renaissance: That’s news we never get tired of hearing. Two charts from EPA’s report capture where things stand. First,…

Education Is Still The Greatest Weapon We Have Against Poverty And Injustice

Firm Launches Programme to Boost Teaching, Learning in Africa

eThink African Learning Network (ALN), the first certified Moodle partner in Nigeria, has launched a first-of-its-kind programme that would allow schools across Africa to collaborate and share resources online through its learning management system. The co-founder and Chief Executive Officer of eThink Education, a rapidly growing, privately owned corporation, Mr. Brian Carlson, said it is the…

Never Waste A Good Crisis: Biotechnology (XBI)

So I got fed up with the market and took a bit of a break from it all. I still market valuations are too high and a bit of disconnect is arising between the upward trajectory of the market with the Fed's balance sheet. All of this foreshadows a market correction, or as I like to call it, a healthy retracement. Small opportunities have appeared since this most recent move downwards and it has provided us with a little insight as to where this might be headed. The first opportunity I will direct your attention towards is Biotechnology ETF XBI. We remain in a very strong upward channel however after the recent turn a possible declining wedge has appeared. Please watch this as the pattern fits nicely with the lower channel support line. It may be that this "correction" goes no further and continues it's march upwards, but 30% it doesn't follow the wedge and breaks down. Easy stops and starts can be identified to guard against possible further deterioration but in the near term weakness should continue.

The Outback Is The New Global FinTech Hub

Bitcoin Could Be Australia's New National Currency

Imagine a sunny beach full of fintech entrepreneurs and bitcoin enthusiasts. Visiting colleagues from Singapore, India and China sit sprawled across the soft sand, commenting on how this coastal city became one of the world’s leading startup hubs. No, this scene isn’t happening in California. It’s actually Sydney, Australia. According to the KPMG report Scaling the…

I Think They're Doing More Than Just Strengthening Ties

Xiamen summit to help build stronger BRICS ties: NDB president

SHANGHAI -- The upcoming BRICS summit in Xiamen will help the five member countries build a stronger economic partnership and a brighter future, said BRICS New Development Bank (NDB) President K.V. Kamath. It has been over a decade since Brazil, Russia, India, China and South Africa came together to form BRICS. The NDB itself is an…

Funny, Elsewhere Major Power Conglomerates Are Already Dominating The Renewable Energy Market

Thinking beyond Trump: Why power companies should be investing now in carbon-free electricity

By Jennifer Morris, Research Scientist, Joint Program on the Science and Policy of Global Change, Massachusetts Institute of Technology. The first U.S. offshore wind farm, near Block Island, Rhode Island, started delivering commercial electricity in December 2016. AP Photo/Michael Dwyer When utility executives make decisions about building new power plants, a lot rides on their choices.…

Thursday, August 10, 2017

Great, And We All Know Historically How Trump Has Handled Debt

Clock Ticking to Avoid US Debt Default

U.S. lawmakers will have three weeks to raise America’s $20 trillion borrowing limit and avert a potential debt default when Congress gets back to work next month — the first such deadline to occur during the Trump administration. If recent history is a guide, raising the debt ceiling will be anything but drama-free, with lawmakers demanding…

Monday, August 07, 2017

Further Strides Towards Sustainable Corporate Governance

PepsiCo Reports Continued Progress Towards Goal of 100 Percent Sustainable Palm Oil

PepsiCo today reported continued progress in the company's efforts to strengthen its palm oil supply chain, including new steps taken to promote human rights, responsible land use and supplier transparency. These moves support PepsiCo's previously announced goal for 100 percent of the palm oil it uses to be sustainably sourced by 2020. In its annual Palm…

Cryptocurrency Market Is Getting A Little Crowded

Filecoin Raises $52 Million Before ICO

The cryptocurrency market is booming, attracting new investors at breakneck speed. Celebrities are collaborating with blockchain startups and boasting about their alternative coins on Instagram. Meanwhile, two Dutch rappers just released a track all about getting rich by trading cryptocurrency, an anthem called "Crypto Fever.” Tokenized fundraising is now one of the market’s biggest mainstream trends.…

The Fifth Asian Tiger Emerges

New Asian Tiger: Hear Mongolia Roar

Stood, square-jawed, beside the gold-hued Zaisan Monument in Mongolia's capital, the proprietor of a Hong Kong real estate portfolio beholds the flurry of activity below him in Ulaanbaatar. Like the Saker falcon, revered for its keen eyesight — and still beloved by the nomads who inhabit Mongolia’s steppe — the investor (named James) is also hunting,…

Good, Just Before Audi Forfeits Their Profits

Chinese market boosts Audi sales in July to hit new record

BERLIN - A double-digit growth in the Chinese market boosts the sales of German automaker Audi AG in July to hit a new record, the Ingolstadt-based company reported on Friday. "In China, the positive recent trend for Audi was clearly confirmed in July," Audi noted in a statement. A total of 51,235 units have been delivered…

Colonialism v2.0: China Moves On e-Payment Systems In Africa

China UnionPay partners with Kenyan bank to boost digital payments

NAIROBI - East Africa's largest financial institution, Kenya Commercial Bank (KCB) Group and the Chinese financial service giant UnionPay International, on Friday entered into a partnership to boost digital payments in Eastern Africa. KCB Kenya Head of Channels Dennis Njau said that the collaboration will see the issuance of UnionPay Prepaid Travel Mate cards in the…

Sunday, August 06, 2017

One Is Still The Loneliest Number: Consumerism Continues To Destroy Society

4 Ways To Prevent Loneliness From Killing Us All

America is lonelier than ever, with the 2013 U.S. census suggesting that the number of Americans living alone is growing, while marriage and childbirth rates continue to fall. Loneliness can have adverse affects on both physical and mental health, and even increase risk of early death. A new study has highlighted 4 key ways to prevent…

Saturday, August 05, 2017

China's Renewable Energy Push Continues Unabated In United Kingdom

Nuclear builder energized by Welsh wind farm project

China General Nuclear's renewable energy unit announced on Wednesday it has started building the Brenig onshore wind farm in Wales. It is carrying out the work in partnership with Britain's Jones Bros Civil Engineering. The 16-turbine project is due to be completed in 2018. It will have the capacity to generate up to 37.6 megawatts of…

Friday, August 04, 2017

Hong Kong As New East Sports Hub

PwC sees big growth potential from e-sports in Asia

HONG KONG - There is a big growth potential from global e-sports in Asia, as over half of the world's frequent e-sports viewers and enthusiasts are from Asia, PricewaterhouseCoopers (PwC), a multinational professional network said on…

Knock On Effect Of U.S. Move Inwards, Is China Going To Fill Void?

Vietnam Rebounds After Sting from Demise of US-Led Trade Pact

Stronger ties with European and other Asian countries and an increase in foreign investment have helped Vietnam’s export-reliant economy rebound from a freeze of the massive Trans- Pacific Partnership trade deal earlier this year, analysts said. The Southeast Asian country, one of 12 in the partnership better known as TPP, was jolted briefly when U.S. President…

I Told You, We're Still Swimming In Oil

Fourth Approach

By  - August 

Even though crude oil has its (annoying) surge from June 21 through July 31, the topping pattern for oil and gas explorers and producers was never violated. The head and shoulders pattern is firmly in place, and the neckline was tested twice successfully. This downturn could start to kick in very soon.

Muscling In On A Place That Doesn't Like Competition

Tesla May Set Up A Gigafactory In China

Tesla Motors Inc. held its second quarter financial results 2017 earnings call for investors Wednesday. The company's CEO Elon Musk delineated plans for Tesla Motors, Tesla Solar Roof, and even space, but in the earnings call, he revealed a future strategy for the company — setting up a Gigafactory in China and Europe. “We're thinking hard…

World Of Warcraft As New Crypto Currency In, You Guessed It, Venezuela

It's More Valuable To Have 'World Of Warcraft' Currency Than Venezuelan Money

Venezuela has been dealing with a series of major political and financial problems lately, but in recent months, major inflation has been an additional and growing concern for residents. On Twitter, Venezuelan user @KalebPrime pointed out how bad inflation has gotten for the bolivar, the country’s currency: It happened again, WoW gold is worth more than…

Next Stop, Parity Of The British Pound

Bank of England set to stay on hold as Brexit risks loom

LONDON - The Bank of England looks set to keep interest rates at a record low once again on Thursday with investors looking for signs that, faced with Brexit, it is getting nearer to raising rates for the first…

Thursday, August 03, 2017

More Volatility, Higher Price In Oil. This Seems To Benefit Everyone, No?

US: Iranian Launch a Provocative Step

The United States, Britain, France and Germany have called Iran’s recent rocket test “inconsistent” with a U.N. Security Council resolution and asked the U.N. chief to investigate it. “This launch therefore represents a threatening and provocative step by Iran,” says the letter sent Wednesday to U.N. Secretary-General António Gutteres and the president of the Security Council…