Search Results for: Bank of Russia
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse
November 24th, 2015
The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America. But it isn’t just South America that is experiencing a very serious economic downturn. ...
Why OPEC Can’t Win The Oil Price War
November 19th, 2015
As the oil price war unfolds it becomes easier to understand the outcome. There is ongoing speculation about the motives of the main players. Is it a battle between OPEC and US shale? Or a battle by the U SA and ...
Saudi Arabia Preparing To Fuel Its $100 Billion Oil War With Debt
November 16th, 2015
Saudi Arabia has probably spent around $100 billion of its foreign reserves by now to prosecute its war against American shale and other low-cost oil producers. The oil kingdom’s decision one year ago not to cut production to support ...
Terrorism, Climate Rift, Putin-Obama and Merkel: The G-20 So Far
November 16th, 2015
World leaders’ meeting in Turkey overshadowed by Paris attacks Official agenda turns to economic growth, finance and jobs Group of 20 leaders gather on Monday for a second day of talks in Turkey, yet the world’s eyes remain on Paris. ...
10 countries hoarding enormous mountains of gold
November 16th, 2015
Say what you want about gold. But central banks just can’t get enough of the yellow metal. For the third quarter of 2015, central banks continued to bulk up their gold reserves, adding 175 tonnes to official reserves, according to the ...
JPMorgan’s 2014 Hack Tied to Largest Cyber Breach Ever
November 11th, 2015
Online gambling, bitcoin scam, money laundering among charges Hackers took data on 100 million customers, U.S. alleges The U.S. described a vast, multi-year criminal enterprise centering on hacks of at least nine big financial and publishing firms and the ...
Oil prices drop on rising stockpiles, Japan recession fears
November 11th, 2015
Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, while fears that Japan’s economy may have fallen into recession added to demand woes. Benchmark U.S. crude futures slipped to a two-week low at ...
Goldman’s BRIC Era Ends as Fund Folds After Years of Losses
November 9th, 2015
BRIC fund loses 21% in five years, leading to investor exodus Acronym-based investment strategy comes under greater scrutiny The BRIC era is coming to an end at Goldman Sachs Group Inc. The bank’s asset-management unit folded its money-losing BRIC ...
U.S. money laundering probe into Deutsche Moscow unit widens: FT
October 26th, 2015
U.S. regulators are expanding their probe into Deutsche Bank AG (DBKGn.DE)(DB.N) as a money laundering investigation of a Moscow unit has widened into possible sanctions violations, the Financial Times reported, citing sources. Read more on Money Laundering: 1) Introduction to ...
5 reasons oil could be nearing a new tipping point
October 22nd, 2015
Oil’s bounce back from the summer’s lows has the look of a bottoming in crude prices, but some strategists say the shakeout is not over. “I’m pretty sure we’re going to see a new low. The probabilities are that ...
