Search Results for: World Bank
Brent Oil Drops Below $100 after Chinese Data
September 9th, 2014
Oil tumbled by $1 on Monday, with Brent sliding below $100 a barrel for the first time in more than a year and West Texas Intermediate tumbling to near its lowest of 2014, as Chinese and U.S. data pointed ...
Rosneft struggles to grow as sanctions hit Russia’s oil champion
September 9th, 2014
The Kremlin’s prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world’s fastest growing oil firm in recent years. ...
Australia 200 – Looks for Any Support at 5550
September 9th, 2014
Australia 200 for Tuesday, September 9, 2014 Over the last few days the Australia 200 Index has declined from its multi-year high after running into resistance around 5650. For the last couple of weeks the Australian 200 Index has ...
China August exports beat forecasts, imports in surprise fall
September 8th, 2014
China’s import growth unexpectedly fell for the second consecutive month in August, posting its worst performance in over a year and stoking speculation about whether authorities should loosen policy further to revive domestic demand. Imports by the world’s second-biggest ...
Asian shares tentative, sterling plunges
September 8th, 2014
Sterling declined on Monday and British shares look set to underperform their peers in Europe after a poll found rising support for Scottish independence. European shares are expected to enjoy a firm tone on the whole, following gains on ...
As Brazil Vote Nears, Testimony Ties Top Political Figures to Corruption Scandal
September 8th, 2014
As Brazilians prepare to vote in a national election next month, a scandal involving the state-controlled oil giant Petrobras flared up again this weekend over testimony that implicated dozens of top figures in President Dilma Rousseff’s governing coalition in ...
Gold Drops Sharply Below $1260 as U.S. Dollar Rallies
September 5th, 2014
Gold prices settled lower on Thursday as brighter prospects for the U.S. economy and the dollar dimmed the metal’s appeal. Bullion got little impetus from the European Central Bank’s dramatic decision to cut three separate interest rates, as well ...
China’s State Media Join Brokerages Saying Buy Equities
September 4th, 2014
China’s state-run media are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world’s biggest population to buy more stocks. The official Xinhua News Agency published at least ...
Goldman Sachs wins role stabilizing early trade in Alibaba IPO
September 4th, 2014
Goldman Sachs Group Inc (GS.N) will be the bank in charge of overseeing early share trading in China’s Alibaba Group Holding Ltd’s (IPO-BABA.N) initial public offering, according to a source. Other banks working on the e-commerce company’s IPO were ...
The Exaggerated Death of Inflation
September 3rd, 2014
Is the era of high inflation gone forever? In a world of slow growth, high debt, and tremendous distributional pressures, whether inflation is dead or merely dormant is an important question. Yes, massive institutional improvements concerning central banks have ...
