Azerbaijan maintains friendly and partner relations with Turkey, Georgia, Russia and Iran. It has problems only with Armenia, which occupied 20% of Azerbaijani lands and holds them under occupation for over 20 years. In 1988, the Armenians of Karabakh voted to secede and join Armenia. This, along with mutual massacres in Azerbaijan and Armenia resulted … Continue reading
By Tomas Hult Back in 2001, former Goldman Sachs chief economist Jim O’Neill coined the acronym BRIC to highlight the immense economic potential of the emerging markets of Brazil, Russia, India and China in the decades to come. They would be the economic engines of tomorrow, he wrote. The BRICs, which cover a quarter of the world’s … Continue reading
There are a couple things happening in China right now that Africa should be looking at very keenly. We won’t talk about Black Monday here because what happens on the Chinese stock exchange does not necessarily directly speak to the impact China’s economy has on Africa. Let’s talk about what really matters for Kenya and … Continue reading
By Pavel K. Baev China will host a huge military parade in Beijing on September 3, and President Vladimir Putin will be in attendance—returning President Xi Jinping’s earlier gesture of Sino-Russian partnership, which the Chinese head of state expressed as the top guest of honor at the parade in Moscow on May 9. Yet, this past … Continue reading
By Zachary Fillingham Supply-side downward price pressure has been the story of global energy prices over the past year: newfound supply from the Shale Revolution, OPEC’s gambit of market-share grabbing inundation, and new supply coming online from Iraq and soon Iran. The result was a plunge in oil prices from $115 in mid-June 2014 to below … Continue reading
By Mark Mobius, Templeton Emerging Markets Group Pakistan is an example of a country many investors have shunned due to negative news and perceptions, but our take is that often things aren’t always as sensational as may be reported. We do know that we have found some well-run companies in which to invest. We also believe that … Continue reading
By Michael Snyder On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more than 500 points on two consecutive days. But the amazing thing is that the Dow … Continue reading
“American benchmark WTI crude briefly slipped below $40 per barrel for the first time since 2009, showing an eighth straight weekly decline , the longest streak in almost 30 years,” RT reports. According to the news agency: During the intraday trading in New York, the benchmark WTI crude price dropped as low as $39.86 per … Continue reading
We witnessed something truly historic happen on Friday. By Michael Snyder The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is … Continue reading
Yields on the riskiest junk bonds are absolutely soaring and the price of copper just hit a fresh six year low. To most people, those pieces of financial news are meaningless. But if you understand history, and you are aware of the patterns that immediately preceded previous stock market crashes, then you know how how huge … Continue reading