Search Results for: Middle East
Cyber threat grows for bitcoin exchanges
August 29th, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft — the second largest by an exchange since hackers took ...
The Giant of Tokyo’s Stock Market Reveals Its Investment Secrets
August 25th, 2016
Japan pension fund is top owner of MUFG, Honda, many more First unveiling of equity holdings spurs debate on strategy Companies across Japan have a new name in their top 10 shareholder lists: the world’s largest pension fund. The ...
Investment demand for gold jumps to all-time high
August 11th, 2016
In late trade in New York on Wednesday gold edged higher to exchange hands at $1,352 an ounce. Last week gold closed at a two-year high and year to date the metal is up 27% or nearly $300 an ounce. A new study ...
Saving the system
August 10th, 2016
Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s ...
Goldman Sachs’s Fight to Avoid Paying Employees’ Legal Fees
August 9th, 2016
We know that paying for a lawyer can be an expensive proposition. The New York Times reported recently that a Turkish gold trader, Reza Zarrab, has hired a veritable who’s who of white-collar defense firms to defend him against charges of ...
Jack Ma Is Opening His Wallet to Europe But Not to Europeans
August 8th, 2016
Payments powerhouse Alipay ramps up search for retail partners Targets Chinese tourists, expats; no offer for local consumers Jack Ma will set a bag aside for you at your favorite Paris store or hail you a ride in Rome ...
Russia is set to replace Saudi Arabia as leading oil supplier to the Chinese market
August 8th, 2016
Russia is set to replace Saudi Arabia as leading oil supplier to the Chinese market; over the past year monthly exports to China from Russia’s Far East have regularly exceeded those from the Middle Eastern country. At the beginning ...
The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy
August 2nd, 2016
This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, ...
Oil futures up slightly, face weekly decline as glut fears persist
July 22nd, 2016
Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The global oversupply of oil has been ...
Led by Turkish Lira, Emerging-Market Currencies Shake Off Coup Jitters
July 18th, 2016
The Turkish lira rose against the U.S. dollar Monday, partially recovering from its largest one-day drop in nearly eight years as Turkey’s government reasserted control of the country after a failed coup. The lira gained 2.1% to 2.9573 per U.S. dollar. ...
