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The Goldman Sachs executive who coined the term “BRIC” for the emerging economies of Brazil, Russia, India and China says that a post-revolution Middle East and North Africa could rival that economic group one day.
Forget Twitter and Facebook. Forget outspoken Google spacer Exec Wael Ghonim. If you want to know who should get credit for the sudden surge towards democracy in the Middle East, send a ‘Thank You’ note to Ben Bernanke.
If Saudi raised oil production to 9 million barrels per day, then they've chosen a good time to do it.
Good King Abdullah of Saudi Arabia figures that $36 billion will buy off any potential unrest in his realm of Saudi Arabia. That's an expensive piece of cake he's dishing up.
World leaders condemned Muammar Gaddafi's bloody crackdown on a revolt that has split Libya, but took little action to halt the bloodshed from the latest upheaval reshaping the Arab world.
The mass protests in Bahrain will make the country stronger and not lead to the fall of the ruling royal family, the boss of Bahrain's sovereign wealth fund has told CNBC.
As the retail sales numbers go tomorrow, so will go the dollar.
Hurting in the Middle Eastern sense means being shot. Watch the armies. If, as in Egypt, they refuse to fire on the people, the leader is toast.
The administration is searching for an acceptable blend of government support and a pro business environment because voters demand better jobs without compromising the nation’s balance sheet. The answer may be in Tripoli.
The global financial markets are beginning to show signs of distress and volatility after an exceptional strong rally in US equities and global risk.
Fears that Libya is heading toward deepening chaos hit stocks Monday and pushed oil prices sharply higher.
Clashes in oil producer Libya sent benchmark Brent crude to 2-1/2-year highs on Monday above $105 a barrel on fears that supplies to Western countries could be disrupted, while U.S. prices rallied by more than $4.
Jittery Chinese authorities wary of any domestic dissent staged a show of force Sunday to squelch a mysterious online call for a "Jasmine Revolution," with only a handful of people joining protests apparently modeled on the pro-democracy demonstrations sweeping the Middle East.
With the recent turmoil across North Africa and the Gulf, investors are now becoming increasingly concerned that the ‘political contagion,’ as the wave of upheaval has come to be known, may flow over into Saudi Arabia as well.
The S&P is now up 6.8 percent for the year, and analysts and traders keep watching for the pullback that just doesn't seem to come. Turmoil in the Middle East, recurring sovereign debt concerns in Europe and now the idea of inflation all hang over markets.
Discussing the unrest in Bahrain and some momentum plays in oil, with John Kilduff, Again Capital; Daniel Dicker, independent oil trader/TheStreet.com and CNBC's Yousef Gamal El Din.
If Saudi Arabia begins to appears vulnerable, in the least, to publicly expressed internal discontent, $100 oil will look cheap in a hurry!
Epitaphs for the Mubarak government all note that the mobilizing power of the Internet was one of the Egyptian opposition’s most potent weapons. But quickly lost in the swirl of revolution was the government’s ferocious counterattack, a dark achievement that many had thought impossible in the age of global connectedness. The New York Times reports.
Wael Ghonim has officially “taken a leave” from his position at Google according to Google spokesperson, Jennifer Bloch.
With the resignation of Hosni Mubarak in Egypt, we now enter the dangerous “Thermidor” phase of the historic socio-political revolution begun in North Africa and Egypt, a revolt that is energizing citizens – especially young citizens – in other autocratic nations as well.