Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
June 21 (Reuters) - Chifeng Jilong Gold Mining Co Ltd : * SAYS IT SIGNS AGREEMENT WITH ALBUM INVESTMENT PRIVATE LTD TO BUY MMG LAOS HOLDINGS LTD IN ORDER TO OWN MAJORITY STAKE IN LANE XANG MINERALS LTD ...Read full newsRead More
(Kitco News) - Despite stronger economic growth in 2018, Capital Economics is warning investors of a looming slowdown, estimating a 1.3% GDP growth in 2020 and a reversal of Federal Reserve’s tightening cycle.“Fueled by the fiscal stimulus, we expect GDP growth to be 2.9% this year but, as the stimulus fades and higher interest rates become a bigger drag on the economy, growth should s...Read More
Ece Toksabay, Tuvan GumrukcuANKARA (Reuters) - Tayyip Erdogan and his ruling AK Party claimed victory in Turkey’s presidential and parliamentary polls on Sunday, overcoming the biggest electoral challenge to their rule in a decade and a half.The main opposition party did not immediately concede defeat. But after initially saying Erdogan would fall well short of a first-round victory, it said...Read More
Orhan Coskun, Nevzat DevranogluANKARA (Reuters) - Tayyip Erdogan and his AK Party were heading for victory in Turkey’s presidential and parliamentary elections on Sunday, according to preliminary results, as the president sought to extend his 15-year rule.Although the margin of their lead narrowed steadily as votes were tallied across the nation of 81 million people, an AK Party official sai...Read More
Kevin Yao, Shu ZhangBEIJING (Reuters) - China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.The reserve reduction, the third by the central bank this year, had been widely anticipated by investor...Read More
Mathieu RosemainPARIS (Reuters) - The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all imports of EU-assembled cars, a month after his administration launched an investigation into whe...Read More
Ahmad Ghaddar, Alex Lawler, Vladimir SoldatkinVIENNA (Reuters) - OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers.The Organization of the Petroleum Exporting Countries had announced an OPEC-only production agreement on Friday, also without clear output targ...Read More
Recent official reports reveal Russia has sold off 50% of their US Treasury holdings?EUR<, which normally should push interest rates higher. But the world's attention is now shifting to the escalating tariff and trade war between Trump & China: Will the Chinese retaliate with massive dumping of US Treasuries? The sheer scale and volume of China's potential glut of US Treasuries could makes Russia'...Read More
"I don't know when...but the system is going to go down."Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potenti...Read More
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the laun...Read More
Lock and load ... I am taking you to a "Stag Party" (AKA Bachelor Party) ... yes, a party where the only thing being served is a heavy dose of STAGFLATION !!!! I dig DEEP into the most recent deluge of US inflation data, and offer HARD EVIDENCE enough to make "official" my recent 'call' that STAGFLATION is what lies in wait, not only for the US, but also for the EU !!! - AND, as a BONUS, I did int...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
"There is no positive example for how the ancillary copyright might help anyone but copyright lawyers," Continue...Read More
The Wall Street Journal just published a review of the Global Warming Forecasts for the past 30 years. They have not even come close to the scenarios Continue...Read More
Ghanaian media are reporting that people that work for Newmont Ghana's subcontractor at the Ahafo gold mine have downed their tools while protesting in demand for additional compensation and benefits.According to the local press, a police constable from the Brong-Ahafo Regional Police Operational Unit was injured in the eye while responding to one of the workers' rallies earlier this week."Our tho...Read More
Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
As bubbles expand and hot money starts burning holes in corporate pockets, merger and acquisition deal terms begin to leave reality behind. Often one deal of Continue...Read More
More and more, I hear that folks are feeling frustrated and betrayed, combined with a sense of loss and despair. I feel this way, too.Continue...Read More
The markets don't seem to be moving in any specific direction. It's been this way since late January.If the bubble was to burst, it would've done so by now, sharply falling down. But it hasn't.Continue...Read More