Search Results for: Bank of Russia
China’s Gold purchases this year will exceed the entire holdings of all but about 20 countries worldwide
January 28th, 2016
China’s gold buying to top 200 tons this year, Barclays says Country seeks to diversify its reserves. China will press on with gold purchases this year and the central bank will probably scoop up more than 200 metric tons ...
Oil Prices Rise on Hint of Willingness to Cut Supplies
January 27th, 2016
Iraq’s oil minister cites signs that Saudis, Russia may be more ‘flexible’; other OPEC leaders defend pumping strategy Oil prices rose above $30 a barrel Tuesday as traders speculated that large producers might be more willing to cut production, ...
Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls
January 26th, 2016
Saudi Aramco hasn’t cut investment in oil projects: chairman China’s diesel consumption in December dropped for 4th month Oil dropped after Saudi Arabia, the world’s biggest crude exporter, said low prices won’t reduce its spending on energy projects and China’s ...
Barclays to Close Several Businesses in Asia, Cut Around 1,000 Jobs
January 21st, 2016
The U.K. bank will shut regional cash equities operations, fully exit from Brazil, Russia, Taiwan and South Korea Barclays PLC Thursday said it would refocus its investment bank in the U.K. and the U.S., cutting around 1,000 jobs, mainly across ...
Oil plumbs new lows below $27 as oversupply woes persist
January 21st, 2016
U.S. oil prices crashed below $27 dollars a barrel on Wednesday for the first time since 2003, caught in a broad slump across world financial markets with traders also worried that the crude supply glut could last longer. Oil ...
Iran Nuclear Deal Stokes Anxiety Among Its Rivals
January 18th, 2016
Foes worry about how Tehran will use billions of dollars of unfrozen oil receipts Iran celebrated the removal of economic sanctions on Sunday, even as regional rivals warned that it was still out to destabilize the Middle East and ...
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week
January 18th, 2016
It looks like it is going to be another chaotic week for global financial markets. On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East. Stocks in Kuwait were ...
Oil price plunge: Risks and rewards
January 15th, 2016
Just over four years ago, the United States and Europe sanctioned the sale of Iranian oil in an effort to curb Tehran’s nuclear program. Oil was trading at $110 per barrel, and Obama administration officials fretted about how to ...
World Economic Forum in Davos: What is the theme of this year’s annual meeting
January 14th, 2016
Davos Set to Provide an Alpine View on the World’s Hot Spots China, Saudi Arabia, U.S. sending high-level emissaries `Geopolitical risks are becoming much more relevant’ The organizers of the World Economic Forum in Davos, Switzerland want attendees ...
Multipolarity: The Next Step After Globalization?
January 14th, 2016
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of world exports to world GDP, as well as the pattern ...
