“Middle East funds are increasingly positive toward Saudi Arabia’s stock market as oil prices appear to be stabilising and the kingdom is preparing to open its bourse to direct foreign investment, a Reuters survey of regional asset managers shows” according to Arab News. So far this year, Saudi Arabia has outperformed all other major stock exchanges in … Continue reading
Vladimir Putin met with President of the Senate of France Gerard Larcher at his Novo-Ogaryovo residence outside Moscow. By The Kremlin PRESIDENT OF RUSSIA VLADIMIR PUTIN: Good afternoon, Mr Larcher, friends. We are very happy to see you here. It is a pleasure to see that relations between France and Russia, particularly thanks to our … Continue reading
The plunge in world oil prices—from $105 to about $50 per barrel since mid-2014—has been a boon for oil-importing countries, while presenting challenges for oil exporters. By Robert Rennhack and Fabián Valencia In general, oil importers will enjoy faster growth, lower inflation, and stronger external positions, and most will not encounter any significant fiscal pressures. … Continue reading
This year we expect the divergence in monetary policy among the world’s central banks to be a key theme and a likely driver of asset flows. By Templeton Emerging Markets Group For now, the scorecard seems to be tilted toward monetary easing since in the first month of 2015 alone, 14 central banks engaged in some … Continue reading
Uh oh – Iran just got caught with both hands in the cookie jar. It turns out that even while Iran has been negotiating a “historic peace deal” with the western world, it has been secretly operating a huge underground nuclear enrichment site that it didn’t tell anyone about. By Michael Snyder But this is … Continue reading
“Egypt’s central bank is expected to leave interest rates unchanged at a monetary policy meeting on Thursday in order to focus on taming inflation, four out of six economists surveyed by Reuters said,” Egypt Independent reported today. “We think the central bank will hold off on cuts until the third quarter, when the effect of … Continue reading
“One of the most impressive emerging market growth stories over the past several years has been Colombia; a country of 46 million people that has aggressively pursued pro-market reforms by reducing regulation, eliminating trade barriers and promoting foreign investment. Colombia has become a critical exporter of natural resources including oil, gold, coal, and coffee, all … Continue reading
The OPEC member states are discussing the possibility of an emergency meeting should oil prices continue to fall, said Nigerian Oil Minister, and OPEC President Diezani Alison-Madueke. Prices have dropped by than half since their peak last summer. If the price “slips any further it is highly likely that I will have to call an … Continue reading
If there were not a coup d’etat underway, someone would have to invent one to rally the masses. By Chris Gilbert That may be the case for the Venezuelan government today, which is beset with so many problems, and it is one of the reasons that some people are incredulous about the latest claim of … Continue reading
When the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks. By Michael Snyder At this point, more than 60 percent of all Americans are living paycheck to paycheck, and a whopping 24 percent of the country has more credit card debt than emergency savings. One … Continue reading