EMerging Equity
Oil
Goldman Sachs: Oil Prices Could Fall To $30 A Barrel
Goldman Sachs President Gary Cohn told CNBC on Wednesday he is very concerned about the short-term window for oil. He thinks crude prices could fall to $30 a barrel. One of the major reasons is the industry runs out of storage space. With the winter heating oil season ending, refineries are turning to producing more gasoline … Continue reading
Guess What Happened The Last Two Times The S&P 500 Was Up More Than 200% In Six Years? – OpEd
By Michael Snyder Just a few days ago, the bull market for the S&P 500 turned six years old. This six year period of time has been great for investors, but what comes next? On March 9th, 2009 the S&P 500 hit a low of 676.53. Since that day, it has risen more than 200 … Continue reading
China’s Tacit Approval Of Moscow’s Ukraine Policy
By Roger McDermott Since Moscow initiated military operations in Ukraine in February 2014, China has seemingly adopted an ambiguous stance as Russia’s annexation of Crimea and destabilization of southeastern Ukraine evoked international condemnation. During the past year, Beijing and Moscow strengthened their strategic partnership by deepening economic ties and enhancing bilateral military cooperation. China’s comparative silence … Continue reading
Mark Mobius: A Contrarian Case For Brazil
Many investors in Brazil, including us, have been a little frustrated over the past couple of years with its lack of growth and progress. Gross domestic product (GDP) in Brazil grew a mere 0.2% in 2014 (estimated), a far cry from the 7.5% it saw in 2010.1 However, we believe Brazil has all the elements … Continue reading
Qatar Reforms Budget Policy, Pushes Back Fiscal Year End
Qatar’s emir, Sheikh Tamim bin Hamad Al -Thani, issued a law Tuesday on the financial system of the State that will push back the end of fiscal year 2014/2015 for the General State budget to December 31 from March 31, the official Qatar News Agency reports. The new financial system law will also give additional power to the … Continue reading
Goldman Sachs Eyes $40 Oil As Weather, Violence Enter Modeling
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
As An Economic Crisis Deepens In Venezuela, Maduro’s Iron Fist Tightens
By Marco Aponte-Moreno and Lance Lattig Since the death of Hugo Chávez, Venezuela’s political leadership has moved from charisma to authoritarianism. Support for Chávez’s Bolivarian Revolution has fallen from 65% when the populist leader died to 22% today. The revolution’s erstwhile steward is Nicolás Maduro, Venezuela’s current president and Chávez’s hand-picked successor. Maduro lacks his mentor’s extraordinary … Continue reading
China And Russia To Boost Bilateral Economic Cooperation In Energy, Transport, Far East Development
Russia and China will boost bilateral economic cooperation in the fields of energy, transportation, and development of the Far East, China’s Foreign Minister Wang Yi said on Sunday, TASS news agency reports. The two nations are aiming to increase bilateral trade to $100 billion in 2015, in addition to signing agreements on the Silk Road … Continue reading
BP Says Plans To Invest $12 Billion In Egypt Gas Fields
British energy giant BP said on Friday that it had reached an agreement with its partners to invest around $12 billion on gas fields in Egypt, Reuters reported. The investment will be on the West Nile Delta (WND) in a project aimed at developing 5 trillion cubic feet of gas resources and 55 million barrels of condensates, according to the … Continue reading
De-Dollarization: China Is Now Advertising The Renminbi As The ‘New World Currency’
By Michael Snyder The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what … Continue reading
