Russian Deputy Energy Minister Kirill Molodtsov said that Russian oil sector is expected to attract investments worth 1.4 trillion rubles ($20.6 billion) in 2016. Russian oil sector is expected to attract investments worth 1.4 trillion rubles ($20.6 billion) in 2016, Russian Deputy Energy Minister Kirill Molodtsov said Tuesday. “We expect that the total volume of investments will be … Continue reading
By Michael Snyder When panic and fear dominate financial markets, gold and silver both tend to rapidly rise in price. We witnessed this during the last financial crisis, and it is starting to happen again. Because I am the publisher of a website called The Economic Collapse Blog, I am often asked about gold and … Continue reading
Ahead of U.S. President Barack Obama’s historic trip to Cuba — which will be the first visit by a sitting U.S. president in 88 years — there are several major companies that are scrambling to negotiate deals to operate in the small island economy. Such names as AT&T, Starwood Hotels, and Marriot have already expressed interest in doing business in Cuba. Other companies that have expressed interested include Delta, … Continue reading
Sovereign wealth funds (SWFs) — mostly oil-rich nations such as Norway, Russia, and the Gulf states — have been aggressively selling stocks and other securities amid a plunge in the price of oil, and they are poised to sell significantly more this year if oil doesn’t recover. SWFs could pull $404.3 billion from global stock markets in 2016 should oil prices stay between $30 to $40 per … Continue reading
By Anzetse Were It is widely known that China has been making significant inroads into Africa over the past two decades and a great deal of energy has gone into analyzing Sino-African economic interaction. However, another country has been making big moves yet barely any attention has gone into analyzing India’s growing footprint on the … Continue reading
After the economic slow-down, inflation and recession – and perhaps, some most pessimistic might say, the eminent down-fall of BRICS, all eyes turn to Africa as the new best thing regarding investments. Brazil and China have already been investing heavily in Africa, but how and where these two countries are investing in the African continent … Continue reading
By Rabah Arezki, Adnan Mazarei, and Ananthakrishnan Prasad As a result of the oil price plunge, the major oil-exporting countries are facing budget deficits for the first time in years. The growth in the assets of their sovereign wealth funds, which were rising at a rapid rate until recently, is now slowing; some have started … Continue reading
By Geethanjali Nataraj India has pulled ahead of China and United States as the most favoured destination for foreign direct investment (FDI). According to the Financial Times (FT), India received US$31 billion in FDI in 2015, which is US$3 and US$4 billion more than China and the United States respectively. Moving from fifth place in … Continue reading
By Alexander Scherpf, Global Risk Insights Indonesian President Joko Widodo has rolled out the first of three policy packages aimed at deregulating the economy. The policies have been met with skepticism, however, as Widodo’s administration has thus far proven unable to deliver on promised changes. In a short address to the public, Indonesian president Joko Widodo … Continue reading
By Steve Hedden Sustained power cuts, caused by under-investment and a shortage of generating capacity, have damaged the South African economy. The response has been a belated thrust towards more power supply, from a combination of coal-fired power plants, oil and gas, wind and solar, and potentially a fleet of new nuclear power stations. Fixing … Continue reading