Alexei Kudrin, former finance minister of Russia, says the country's central bank "will not participate" in currency interventions.» Read More
The collapse of BP’s share swap deal with Rosneft is not only good for the company, but “a victory for the rule of law”, Mattias Westman, the founder of Prosperity Capital Management and one of TNK-BP’s largest shareholders told CNBC.
Following huge losses for the Russian market in 2008, investors have eyed stocks in Moscow skeptically and refused to give them the same rating as those in other BRIC members, Brazil, India and China according to Roland Nash, the chief investment strategist at Verno Capital.
The managing director of the IMF, Dominique Strauss-Kahn, was taken off an Air France plane in New York on Saturday and arrested in the sexual attack of a maid at a Midtown Manhattan hotel, the authorities told the NY Times.
Restructuring Greece’s debt is both desirable and inevitable, despite insistence from European Union officials over the weekend that the idea is off the table, reports the New York Times.
Cash is seen by many in the asset management community as a cop-out, as those in search of return believe other assets will always outperform over time. But one strategist believes investors should think again.
Glencore’s appetite for risk in commodities trading is bigger than that of leading Wall Street banks, according to information released by the banks underwriting the trading house’s multibillion-dollar flotation, the FT reports.
The Dow Jones has tended to stay rather flat on the seven previous occasions when there have been royal weddings, Chris Zwermann’s, global strategist at Zwermann Financial, told CNBC Friday.
The most sought-after pundits have been signed to long-term contracts worth over $100,000; some even have deals with several outlets. "As long as you have an English accent," one expert joked, "you'll work." The New York Times reports.
Glencore made a speculative bet on rising wheat and corn prices in the early stages of last summer’s Russian drought, when senior traders at the Swiss-based company publicly urged Russia to impose a grain export ban. The FT reports.
The market hasn't realized the significance for the dollar of last week's meeting of Brazil, Russia, India, China and South Africa, this analyst says.
Backed by its resource-rich landscape of world class deposits, Mongolia has been coined the “Saudi Arabia of Coal” with strong parallels to previous natural resource booms around the world.
BP will launch a final attempt this week to salvage a proposed alliance with Rosneft, the Russian state oil group, and intends to seek Russian government approval to buy out its billionaire partners in TNK-BP or do so in tandem with Rosneft.
With momentum in the S&P waning just days before earnings season begins, should you get defensive? Or should you remain aggressive?
With stocks struggling at a key technical level, will bulls have enough mojo to push the market higher? We may have spotted a stealth sign!
At least two sons of Col. Muammar el-Gaddafi are proposing a resolution to the Libyan conflict that would entail pushing their father aside to make way for a transition to a constitutional democracy under the direction of his son Seif al-Islam el-Qaddafi, a diplomat and a Libyan official briefed on the plan said Sunday, the New York Times reported.
Investors should be bullish on U.S. stocks through 2011 and trim holdings in international markets, according to Wayne Copelin, founder and president of Copelin Financial Advisors.
It's looking like an especially dynamic year for the currency market, so you might want to check out a new generation of low-cost, online foreign exchange trading platforms.
Portugal's central bank on Tuesday releases its projections for the country's economic outlook and investors are likely to watch closely for changes in the growth forecast, as the country has been plunged in a political crisis because of its austerity measures.
As Europe struggles to come to grips with its debt crisis, which has deepened with the collapse of Portugal’s government after it pushed for yet another round of budget cuts, three numbers stand out: 12.4, 9.8 and 7.8, reports the New York Times.
It was truly a trial by fire — one that has now become part of Russia’s nuclear marketing message. How Chernobyl made Russia the most safety-conscious nuclear proponent. The NYT reports.