ST. PETERSBURG, Russia— Hundreds of the Russian truck drivers who have been protesting around the country were driving their rigs toward Moscow on Sunday to demand that the government cancel a new road tax, one protest leader said. They have little faith that the money will go toward maintaining Russia's notoriously bad roads. Alexander Rastorguyev, one of the...» Read More
With so much confusion out there, it is extremely difficult to pick a winner in the short term but one fund manager believes big cap stocks will do well as their staff struggle.
I am feeling a bit gloomy. I started this sovereign debt crisis looking on the bright side but now I have been got at. So many of our guests at CNBC are downbeat right now, that the downdraft has been hard to dodge.
Despite a stunning surge of nearly 50 percent that otherwise might indicate a looming pullback, investors remain mostly bullish on emerging markets.
The U.S. dollar has no concerns right now, said Ron Shah of Jina Ventures. The main concern for the U.S. needs to be bilateral trade agreements between the BRIC (Brazil, Russia, India, China) countries.
The leaders of the BRIC nations (Brazil, Russia, India and China) are meeting today in Russia to discuss everything from the financial crisis to the U.S. dollar. Wendy Trevisani, co-portfolio manager of Thornburg Investment Management, discuss the importance of the BRICs and the best places to invest.
Russia proposed a new world reserve currency that would be issued by international financial institutions to reduce reliance on the U.S. dollar. However, Liam Halligan, chief economist at Prosperity Capital Management said the west does not need to be scared, but should learn to “cohabitate” and share the prosperity around the globe.
The members of the G20 are likely to call for at least a doubling of the International Monetary Fund's budget, if not more, UK Chancellor of the Exchequer Alistair Darling told CNBC Thursday.
Brazil's president blamed "white people with blue eyes" for the world economic crisis and said developing countries shouldn't pay for it.