Search Results for: Oil
UAE, China set up $10 bln joint strategic investment fund
December 15th, 2015
The United Arab Emirates and China have established a joint strategic investment fund worth $10 billion, the UAE’s state news agency reported, as China pursues its ambition to rebuild Silk Road trade routes. The agreement was clinched during a ...
China’s ICBC to open clearing bank in Russia to boost yuan-ruble trade
December 15th, 2015
The world’s largest bank by assets and market cap, China’s ICBC, is planning to open a clearing bank in Russia for trade settlements in yuan and rubles. “ICBC, as the biggest bank dealing with CNY business in ...
Junk Bond Crisis Starts To Metastasize
December 15th, 2015
With junk bonds finally reverting to their intrinsic value, the question on everyone’s mind is “what blows up next?” Here’s the first in what might be a long, painful list: “CLOs Hammered as Energy Rout Plays Havoc ...
Dubai economy picks up with tourist activity on the rise
December 14th, 2015
Dubai’s economy picked up in November as tourist activity increased against the previous month, an economic survey of the emirate shows. The Dubai economy tracker, a survey of business conditions in the emirate, rose to 53.4 in November, up ...
Turkey still best bet for Israeli gas exports
December 14th, 2015
Former US diplomat Matthew Bryza believes Israel should make every effort to overcome hurdles to exporting gas to Turkey. “The prime minister’s announcement that Israel was interested in exporting gas to Turkey was a signal of strong and very ...
Russia to launch own crude benchmark in 2016
December 14th, 2015
Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange (SPIMEX). “Our goal is to take a place among the ...
December 14th To 18th: A Week Of Reckoning For Global Stocks If The Fed Hikes Interest Rates?
December 14th, 2015
Are we about to witness widespread panic in the global financial marketplace? This week is shaping up to be an absolutely critical week for global stocks. Coming into December, more than half of the 93 largest stock market indexes ...
Asian stocks trade lower, China bucks trend
December 14th, 2015
Asian equities traded mostly lower on Monday, as investors remain focused on the mid-week decision from the U.S. Federal Reserve. The Chinese market bucked trends and traded up, boosted by upticks in shares of brokerages and banks. Kathy Matsui, managing ...
Nikkei closes up, ASX hits one-month low
December 11th, 2015
Asian markets closed mixed on Friday, despite Wall Street’s positive finish overnight, as record low oil prices weighed resources plays and China shares traded in negative territory as another top executive was reported missing by local media. “Most investors ...
RBNZ: Official Cash Rate reduced to 2.5 percent
December 10th, 2015
Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent. Globally, economic growth is below average and inflation is low, despite highly stimulatory monetary conditions. ...
