Most nations in South America are either already experiencing an economic recession or are right on the verge of one. In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price collapse and a skyrocketing U.S. dollar. By Michael … Continue reading
To understand the African diamond trade, you have to know how and why diamonds are exploited in parts of Africa, as well as where this has been and continues to be a problem. Experts claim that the illegal sale of blood diamonds has produced billions of dollars to fund civil wars and other conflicts in … Continue reading
Originally posted on Financial Post:
Global hedge funds reached the halfway mark in 2015 with some of their best returns in years, but performance cooled off in June from growing losses in Asia Pacific and Europe, according to the latest statistics from Preqin, a research firm focused on the alternative assets industry. “The industry has…
Originally posted on Peace and Freedom:
AFP Iron ore is transported at a port in Rizhao, east China’s Shandong province on March 4, 2015. AFP Photo Sydney (AFP) – Leading global producer Australia on Tuesday lowered its forecast for iron ore prices as Chinese steel production eases, but said export volumes were expected to grow…
Venezuelan President Nicolas Maduro says his country has reached an agreement with Russia which will bring $14 billion in investment to its oil and gas sector over the next few years. The agreement was reached between the Venezuela’s state oil firm, PDVSA (Petroleos de Venezuela) and the Russia’s oil giant Rosneft, following talks in Caracas, between Maduro, the president of … Continue reading
As Goldman Sachs looks towards a future $40 per barrel price of oil, private equity funds are building dry powder for further investments. With oil in a state of backwardation – the future price is higher than the current spot price, sometimes considered a positive sign for those wanting higher prices – Goldman Sachs Group … Continue reading
This year may well see a rare occurrence for world commodity markets – a decline in all nine key commodity price indices, says the World Bank’s latest Commodity Markets Outlook, released today. While oil prices have seen the most dramatic decline, the third largest since World War II, other commodities have also been gradually weakening … Continue reading
A survey compiled by UCAB (Andrés Bello University), UCV (Central University of Venezuela), and USB (Simón Bolívar University) shows that the Venezuelan economic crisis, dominated by galloping inflation, was harsher on the most vulnerable sectors of the country last year. A survey found that 1.7 million households live in extreme poverty conditions. By EL UNIVERSAL … Continue reading
While the world’s most popular energy sources – oil and gas – have seen prices sliding in 2014, another commodity – coffee – has leapt in price. Bad news for coffee fans and drinkers, but music to investors’ ears – droughts in “coffee” countries have sent the price of now precious beans soaring. The coffee … Continue reading
Erin Ade sits down with Steve Hanke, professor of economics at Johns Hopkins University and director of the Troubled Currencies Project at the Cato Institute. Dr. Hanke tells us what impact the strong US dollar is going to have on emerging markets and gives us his take on if the Federal Reserve should take emerging … Continue reading