On Saturday, North Korea test fired a submarine based ballistic missile off the east coast of the Korean Peninsula. Though the missile only traveled 19 miles, which has led South Korean officials to deem the test a failure, the test is the most successful to date. The US military tracked a previous submarine launch on … Continue reading
By Michael Snyder If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere? Most Americans may not realize this, but this is something that the Federal Reserve has actually been tracking for several years now. … Continue reading
By Marc Chandler, Marc to Market Blog China’s central bank may be leaning less dovish Turkey has a new central bank governor Argentina issued external debt for the first time since it defaulted 15 years ago Brazil’s lower house voted to impeach President Rousseff by a 367-137 vote In the EM equity space, Russia (+2.7%), Indonesia (+1.9%), … Continue reading
Rising oil prices ahead of the production freeze talks in Doha added $3.7 billion to the value of Russian output, according to Bloomberg based on data from the International Energy Agency. Saudi Arabia got a $3.3 billion boost. Even the countries not involved in the talks have benefited from the freeze fuss. The US got … Continue reading
By Derrick Broze The Bureau of Alcohol, Tobacco and Firearms and Explosives has claimed ownership of a mysterious box that was removed from a utility pole in Phoenix, Arizona. Phoenix resident Brian Clegg was concerned about a box he witnessed being installed on a power pole. Clegg said the box was facing his house and … Continue reading
By Ron Corben A financial scandal involving Malaysia’s prime minister continues to cast a shadow over the country’s financial markets and politics a year after allegations of misuse of funds were raised. The spotlight fell dramatically on Malaysia’s state investment company, 1Malaysia Development Berhad (1MDB), after media reports last year raised allegations that millions of dollars … Continue reading
By Jeff Desjardins, Visual Capitalist Is it possible to time the market cycle to capture big gains? Like many controversial topics in investing, there is no real professional consensus on market timing. Academics claim that it’s not possible, while traders and chartists swear by the idea. That said, one thing that everyone can probably agree on is … Continue reading
The failure of the world’s leading oil producers to reach an agreement on capping production has been aggravated by the threat of more sparring between Saudi Arabia and Iran over market share. The talks failed after Saudi Arabia, Qatar and the United Arab Emirates said they wouldn’t agree to a deal unless Iran joined in. … Continue reading
By Mark Mobius, Templeton Emerging Markets Group The Templeton Emerging Markets Group has a wide investment universe to cover—tens of thousands of companies in markets on nearly every continent! While we are bottom-up investors, it helps to have some big-picture context. Here, I outline what’s happened in the emerging markets universe in the first three months of … Continue reading
Despite an insignificant rise this year, investment in Canada’s oil industry is expected to decline 62 percent from its 2014 peak due to falling crude prices, warns the Canadian Association of Petroleum Producers (CAPP). Oil and gas spending was expected to drop to $31 billion in 2016 from a record of $81 billion in 2014, … Continue reading