Carlo Gallo, founder of Enquirisk, says there are "machinations" behind the arrest of Sistema boss Vladimir Yevtushenkov.» Read More
MOSCOW-- Facebook head Mark Zuckerberg was in Moscow on Monday, where top officials were pressing him to expand the company's operations in Russia. A Facebook spokeswoman, who refused to be named because she wasn't authorized to discuss the matter with the media, said the company has no immediate expansion plans for Russia.
In the Platts window, Statoil bought a Urals cargo from Gunvor loading Oct 14-18 from Primorsk at dated Brent minus $1.90 per barrel, some 45 cents weaker than prices last week. Azeri Light also weakened by 50 cents after Socar offered the grade from Supsa or Ceyhan for Oct 19-23 delivery at dated Brent plus $2.50.
Exxon Mobil and Rosneft are planning to drill in the Kara Sea that holds enough oil to supply the world for five years. But environmentalists fear nuclear radiation.
More than a quarter of the work force in Spain or Greece is without jobs, but there is a city on the Danube north of Munich that has the opposite problem: not enough workers, the New York Times reports.
When a Chinese investor bought a farm outside this village a few years back, he was pleased enough to name it Golden Land. The soil was rich, the sunshine and rain bountiful. The NYT Reports.
It may be the age of austerity for many in Britain. For a former doctor, Geoffrey Lipman, it is anything but. Dr. Geoffrey Lipman, who is retired, gets about $78,000 a year in his government pension.
Brazil, Russia, India and China – together termed BRICs have been an investment disaster and were a marketing-led concept , according to John-Paul Smith, emerging markets equity strategist at Deutsche Bank.
John-Paul Smith, global emerging markets equity strategist at Deutsche Bank gives his view on emerging markets, "The BRICS have been a disaster, they are almost un-investible."
Spain's economic crisis has prompted a movement within Spain dubbed it “rurbanismo,” a term invented to describe the reverse migration from city to country that has stemmed a generations-old trend that has long been the usual pattern in most advanced industrial economies, the New York Times reports.
In September 1992, the Federal Reserve culminated a long-running effort to stimulate the sluggish economy by cutting its benchmark interest rate to 3 percent, the lowest level it had reached in almost three decades.
With the S&P up 30% since last October, billionaire investor Jim Rogers reveals what he sees driving the market.
When fear gripped the European markets in April, the money manager Robert Tipp decided to buy more Portuguese government bonds. He figured that European officials wouldn’t let the country turn into another Greece.
The bottom line is that the same natural gas revolution in the US, which was enabled by hydraulic fracturing (fracking), is now threatening to loosen Gazprom’s noose on the EU, and Gazprom simply won’t have it.
Anastasia Kastaniotou, a struggling mother of three, stood near the Greek Parliament building on Wednesday and threw up her hands as she contemplated an €11.5 billion austerity package that her country’s government was trying to tie up this week to keep Greece in the euro, the New York Times reports.
“The risk-return reward of investing in emerging markets works very much in your favor as opposed to investing in some of the U.S. stocks that have gone up spectacularly well this year,” one pro says.
A top German official at the European Central Bank on Monday defended the bank’s plans to intervene in bond markets to push down borrowing costs for businesses and encourage economic growth. The position puts him at odds with the president of Germany's central bank and highlights a growing split in the country’s policy-making elite.
Investing abroad always poses risk but if you’re careful, though, you can profit nicely in overseas markets, some with double-digit year-over-year growth.
Sound corporate earnings, cheap valuations and Russia’s entry into the World Trade Organization make the country's equity market stand out among its emerging-market peers, fund mangers say. Russian stocks, for example, are the cheapest among the equity markets of the BRIC countries – Brazil, Russia, India and China.
The U.S. may have committed a strategic error in not recognizing Turkey as a geographic bridge and trade center earlier.
Turkey’s roaring economy has earned it the nickname “New Tiger” among foreign investors -— who are pouring money into the country.