Latest Articles: Business/Finance
Yahoo, once Web pioneer, to turn into investment company
Post Date: 2016-07-26 06:39:16 by Tatarewicz
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SAN FRANCISCO, July 25 (Xinhua) -- Yahoo Inc., once a Silicon Valley legend and Web pioneer, will turn into an investment company with a different name at closing of its deal with Verizon Communications Inc. A blog posting by Marissa Mayer, chief executive officer of the U.S. tech company based in Sunnyvale, California, on Monday called it "a big day for Yahoo" as the news broke out that it had agreed to sell operating business to Verizon for 4.83 billion U.S. dollars in cash. "Today's announcement not only brings us an important step toward separating Yahoo's operating business from our Asian asset equity stakes, it also presents exciting opportunities to ...
India wants to create state oil company bigger than Chevron and Rosneft
Post Date: 2016-07-25 08:15:29 by Tatarewicz
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RT... The Indian government is planning to unite 13 state oil firms to create a giant corporation, the Economic Times reports. The revenue of the new company would exceed that of Chevron, and its market value will be bigger than Russia's Rosneft. According to the media, the new oil major will be the biggest company in India in terms of turnover, net profit, capital expenditure and market capitalization. The largest piece in the mega-merger is the country’s oil producer Oil and Natural Gas Corporation (ONGC). The other companies are the country’s biggest refiner and fuel retailer Indian Oil Corporation, as well as Bharat Petroleum Corporation, Hindustan Petroleum, GAIL, ...
Is “Crexit” the Next Crisis?
Post Date: 2016-07-24 20:48:04 by BTP Holdings
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Is “Crexit” the Next Crisis? Mike Larson | Friday, July 22, 2016 at 7:30 am Forget Brexit. Fear “Crexit”! That’s the stark warning from a S&P Global Ratings report that caught my eye this week. S&P’s debt analysis team just said that … • Corporate debt is exploding, on track to hit $75 trillion in the next four years from $51 trillion now. • The surge … stemming from $38 trillion in refinance volume and $24 trillion in fresh debt … is $5 trillion more than S&P’s last projection. • It’s coming even as the percentage of companies considered “highly leveraged” soars, and as previous borrowers are ...
Goldman: The Last Two Times P/E Multiples Expanded This Much, The Result Was A Historic Crash
Post Date: 2016-07-24 20:28:04 by BTP Holdings
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Goldman: The Last Two Times P/E Multiples Expanded This Much, The Result Was A Historic Crash Tyler Durden's picture by Tyler Durden Jul 23, 2016 4:18 PM It's not just former Fed economists who are getting worried. So is Goldman. As we wrote last weekend, "With "Stock Valuations At Extremes" Goldman's Clients Are Asking Just One Question", namely how much longer can the rally continue. This followed another Goldman warning from two weeks ago, where as we noted before, "Goldman Warns Of A Sharp Plunge In Stocks In "Next Few Months." Who knows: maybe Goldman will be right and the market will plunge - it certainly isn't trading at all ...
Big banks getting serious about Venmo-style online transactions
Post Date: 2016-07-24 07:15:52 by Tatarewicz
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Big banks getting serious about Venmo-style online transactions Big banks are behind the curve on person-to-person online transactions popularized by PayPal's Venmo app WASHINGTON, July 23 (UPI) -- Several of the nation's largest banks are reviving efforts to get into the person-to-person online payment industry after seeing the popularity of online apps such as PayPal and its subsidiary Venmo increase dramatically with younger consumers. Venmo, an app that allows users to make financial transactions in real time, has become a popular tool for young people to replace what used to be cash transactions like splitting a dinner check. Advertisement Big banks like Chase and Wells ...
NBC's The Blacklist: Why Reddington Is Better than the State
Post Date: 2016-07-23 08:59:10 by Ada
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“Never trust a criminal … until you have to,” is the official motto of The Blacklist, the American crime-thriller television series that premiered on NBC on September 23, 2013. But the real lesson of The Blacklist is “never trust the government … even if you have to.” Not many shows are both anti-state in their narrative and enjoyable at the same time. The Blacklist, however, deserves to be watched. If there is one show that takes the government for what it is, i.e., a “bandit gang” as Rothbard called it, it would be The Blacklist. The Blacklist is the story of an international criminal, Raymond Reddington, who decides, for mysterious reasons, to ...
China Plans First Immigration Agency to Lure Overseas Talent
Post Date: 2016-07-23 06:46:47 by Tatarewicz
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Bloomberg News First-of-its-kind agency could be set up before year’s end Leaders seeking to lure workers with more technical expertise China is setting up its first immigration office, according to people with knowledge of the plans, as President Xi Jinping seeks overseas talent to help drive the transition of an economy led by consumer spending and innovation. Public Security Minister Guo Shengkun, who doubles as a state councilor, disclosed the move earlier this year at an internal meeting about a wider overhaul of domestic security services, said the people, who asked not be identified because the plans are not public. The office would be created by merging and expanding the ...
BREAKING NEWS: IMF chief Christine Lagarde WILL stand trial for her role in the €400 million payout to a French businessman
Post Date: 2016-07-22 11:02:45 by noone222
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France's highest appeals court ruled today that IMF chief Christine Lagarde must stand trial for her role in a 400 million euros ($440 million) payout to a French businessman. The court rejected her appeal against a judge's order in December for her to stand trial at the Cour de Justice de la Repulique, a special court that tries ministers for crimes in office. When posted as French finance minister in 2008, a massive state payout was handed to French tycoon Bernard Tapie. Poster Comment:See the balance of the article at the above URL.
Shipping, banks and hyperinflation
Post Date: 2016-07-21 18:52:07 by BTP Holdings
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Shipping, banks and hyperinflation Posted on July 21, 2016 by GS Early Shipping container One of my geeky habits is to follow the Baltic Dry Index (BDI). Before I explain what this is, and why it matters, I want to say that this isn’t a piece about BDI as much as it is a look at a number of indicators telling us the same thing: beware. BDI is one of the major global economic barometers in the world of statistics. It basically represents all the cost of “dry” shipping in the world at any given point in time. Dry shipping means the index doesn’t include oil. It includes iron ore and other industrial metals as well as other raw materials. It’s been a reliable ...
US appeals court reverses forfeiture order of Iran assets
Post Date: 2016-07-21 08:58:17 by Tatarewicz
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PressTV... A US federal appeals court has reversed a lower court’s ruling that had ordered the forfeiture of Iranian assets in the US for the benefit of the families of some victims of the September 11, 2001, terrorist attack. The 2nd US Circuit Court of Appeals in New York City rejected a judge's rational on Wednesday in ordering the sale of an office building in Manhattan worth about $1 billion as well as other properties. In 2013, the judge said revenue from the skyscraper passed through Bank Melli, a state-owned Iranian bank, violating American sanctions. The federal appeals court disagreed that the properties were owned by the Iranian government. In November 2009, federal ...
Missing the Real Issue on Welfare
Post Date: 2016-07-20 07:42:43 by Ada
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Review of Phil Harvey and Lisa Conyers, The Human Cost of Welfare: How the System Hurts the People It’s Supposed to Help (Praeger, 2016), xv + 206 pgs. The Human Cost of Welfare is a welcome book, an important book, and a needed book—even if it does miss the real issue when it comes to welfare. It is also a good book—until you get to the authors’ proposals in the last chapter. Phil Harvey, the author of several other books, is chairman of the board of DKT International, “which provides family planning and HIV/AIDS prevention programs in 20 nations,” and the chief sponsor of the DKT Liberty Project, “an advocacy group that raises awareness about liberty ...
‘Helicopter Money’ — The Only Solution?
Post Date: 2016-07-16 11:53:42 by BTP Holdings
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‘Helicopter Money’ — The Only Solution? Boris Schlossberg | Wednesday, July 13, 2016 at 4:30 pm The global business day starts in the Land of the Rising Sun, and these days we may also see a glimpse of our own future there. For as long as I have been in the markets, Japan has always been the forefront of social trends in finance. It was the first advanced economy to quickly adopt new technologies. It was the first to have created a massive real estate/stock market bubble. It was the first to face the seemingly endless challenge of deflation. And it is now the first to grapple with the demographic time bomb as its population ages while the yields on its bonds turn negative ...
What I’m Telling Investors Like You Right Now
Post Date: 2016-07-16 10:00:38 by BTP Holdings
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What I’m Telling Investors Like You Right Now Mike Larson | Friday, July 15, 2016 at 7:30 am Image Not long after you receive this column, I’ll be sharing my thoughts about the markets and the economy with a select group of investors on the 2016 Money, Metals, & Mining Cruise. Then this weekend, I’ll be speaking before an audience in Vancouver about my outlook on gold and the influence of monetary policy on the metal. I understand if you weren’t able to join me. Not everyone can attend or travel to events like these. And while I certainly can’t cover everything here, as that just wouldn’t be fair to paying attendees, I can hit on a few major points ...
Why Iran Plays a Key Role in China's New Silk Road Project
Post Date: 2016-07-15 08:09:17 by Tatarewicz
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Sputnik... Iran's geostrategic location has made it the key link in China's New Silk Road to Europe, while the Middle East has become one of Beijing's geopolitical pivots. Following the inking of the Iranian nuclear deal, Beijing has bolstered its economic and political ties with Tehran and with good reason: Iran is not only a prospective supplier of oil and natural gas but also the key geostrategic region for the China-led New Silk Road project. "Iran is the key link of the "Silk Road" land route to Europe, as it is connected to China by a railway through Turkmenistan and Kazakhstan," Sarkis Tsaturyan, a Russian-Armenian historian and international policy ...
Caution: Gold, Silver and Miners …
Post Date: 2016-07-14 06:57:03 by BTP Holdings
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Caution: Gold, Silver and Miners … Larry Edelson | Wednesday, July 13, 2016 at 7:30 am Everyone seems to think that gold, silver, platinum, palladium and related miners are all on a moonshot now and will triple, quadruple and more — all without ever looking back. The hate mail I’m receiving for not telling my subscribers to jump on board and chase them all to the moon is beyond belief. But all that does is convince me why 90% of investors almost always lose money in the markets. They act like herds, chasing the latest trend. They buy the highs and bail out at the lows, in herds. Even my own subscribers show that tendency, as I can tell from their incoming emails. Fact: ...
Companies getting good at life at $50 per barrel
Post Date: 2016-07-13 07:49:44 by Tatarewicz
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HOUSTON, July 13 (UPI) -- Energy companies are growing accustomed to low oil prices, though some projects still may be left on the shelf if markets stay put, Wood Mackenzie finds. Citing "capital constraints," LNG Canada, a joint venture between Shell and Asian energy partners, said this week it was delaying a final investment decision for a liquefied natural gas terminal in British Columbia. The Organization of Petroleum Exporting Countries said in its monthly market report, meanwhile, U.S. oil production was on the decline in part because of weaker market conditions. Advertisement Despite major recovery in relative terms, crude oil prices are still about 50 percent less than ...
Here's How Much Cash You Should Hold Right Now
Post Date: 2016-07-13 07:29:36 by BTP Holdings
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Here's How Much Cash You Should Hold Right Now Free Download: "Super Crash Report:" Michael's reports are "required reading" among high net worth investors, who depended on his forecasts and advice through the 2001 and 2007 market crashes. Now he's just released his most critical update yet, and it's available to you for free. The Super Crash Report outlines in clear, express detail exactly what Michael is expecting in the next 12 months. Click here to download his report and get all of his research through Sure Money. By Michael E. Lewitt, Global Credit Strategist, Money Morning • July 13, 2016 Cash isn't the most exciting or dramatic asset ...
Venezuela seizes facilities of US firm: Minister
Post Date: 2016-07-12 07:23:42 by Tatarewicz
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PressTV... The Venezuelan government says it has taken control of the Venezuela-based facilities belonging to a US firm that had stopped operations amid the critical economic situation in the Latin American country. “We are going to sign, at the workers’ request… to authorize the immediate occupation of the workplace known as Kimberly-Clark de Venezuela… by its workers,” Labor Minister Oswaldo Vera said at one of the company’s plants in the city of Maracay on Monday. “As of today, Kimberly-Clark’s doors are open and its production on line,” he said, to loud cheers from the workers present at the site. Venezuelan President Nicolas Maduro had ...
Saudi cash may settle in Crimea
Post Date: 2016-07-12 05:57:50 by Tatarewicz
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RT... Businessmen from Saudi Arabia have expressed an interest in investing in Russia's Crimea, according to the region’s ministry of construction and architecture. Crimea signs first investment deals since reunification with Russia worth $30mn "Representatives of the foreign [Saudi - Ed.] delegation expressed an interest in starting projects and setting up businesses in the republic," the ministry said, following a meeting with the Saudi businessmen. The meeting focused on the priority areas for cooperation between Crimea and Saudi Arabia such as tourism, agriculture and production of building materials, according to the ministry. READ MORE: Crimea to be special ...
China remains top buyer of U.S. real estate
Post Date: 2016-07-11 08:04:52 by Tatarewicz
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Beijing, July 11 (Xinhuanet) -- A total of 27.3 billion U.S. dollars, 29,195 houses – What these numbers are saying is China has been the largest buyer of U.S. homes for the second year in a row. Increasing activity has brought both the dollar volume and number of units sold to levels far exceeding that of any other foreign demographic. In terms of dollar volume, the Chinese bought 26.7 percent of the total amount of residential property sold,notes Lawrence Yun, chief economist at U.S. National Association of Realtors as quoted by news media on Saturday. In Profile of International activity in U.S. Residential Real Estate, market researchers at NAR outlined some major trends in ...
Gold's Long Game: Some Down, Lots of Up
Post Date: 2016-07-10 21:32:02 by BTP Holdings
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Gold's Long Game: Some Down, Lots of Up Written by Gerardo Del Real Posted July 7, 2016 There’s a debate going on right now amongst new and veteran speculators in the gold and junior resource space. On one side is the camp that argues that nothing goes straight up and that gold, and the junior mining equities, are in for one last reminder of that rule that could see gold, and the juniors, pull back briefly but violently. 7.7.16 gold chart For those new to the gold or junior resource space, at the start of 1975 gold traded in the $198-per-ounce range, by August of 1976 gold traded at a 31-month low of $105.50 an ounce. Over the next four years, gold hit a high of $850 an ...
Charting The Epic Collapse Of The World's Most Systemically Dangerous Bank
Post Date: 2016-07-10 20:04:58 by EoghanG
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It’s been almost 10 years in the making, but the fate of one of Europe’s most important financial institutions appears to be sealed. After a hard-hitting sequence of scandals, poor decisions, and unfortunate events,Visual Capitalist's Jeff Desjardins notes that Frankfurt-based Deutsche Bank shares are now down -48% on the year to $12.60, which is a record-setting low. Even more stunning is the long-term view of the German institution’s downward spiral. With a modest $15.8 billion in market capitalization, shares of the 147-year-old company now trade for a paltry 8% of its peak price in May 2007. THE BEGINNING OF THE END If the deaths of Lehman Brothers and Bear ...
Kudlow: Hillary Has No Growth Plan for 'Lousy Economy'
Post Date: 2016-07-08 22:15:53 by BTP Holdings
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Kudlow: Hillary Has No Growth Plan for 'Lousy Economy' Image: Kudlow: Hillary Has No Growth Plan for 'Lousy Economy' (AP Photo/Andrew Harnik) By Frank McGuire | Thursday, 07 Jul 2016 02:39 PM Newsmax Finance Insider Larry Kudlow said Hillary Clinton’s biggest flaw is that she’s campaigning for president in a “lousy economy” and yet hasn’t offered a viable economic growth plan. “We are in a lousy economy, we're in a a business recession right now, not yet consumers (recession). She has no growth plan. What is her growth plan? She wants economic justice, social justice, environmental justice. What does that mean?” he asked in a CNBC ...
I received my first bitcoin payment today
Post Date: 2016-07-08 03:30:25 by Pinguinite
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And it's pretty cool. The software works quite similarly to an Email. I set up my wallet program on my PC, then inside it, it gave me an address that I can send to others that want to pay me. The address looks a along random sequence of numbers and upper and lower case letters, though it will also translate it into a QR code, which is the squarish 2D bar code with the 3 distinct smaller squares on 3 corners. I send that to the payer, and he opens his wallet program, puts in the address and the amount to send, and it then appears in my wallet, and the transaction is complete. I now have $42 worth of bitcoin (at the current exchange rate).
Chinese banks putting down roots in Poland to enhance "Belt and Road" opportunities
Post Date: 2016-07-06 03:44:06 by Tatarewicz
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WARSAW, July 5 (Xinhua) -- Recently, under a loan provided by the Bank of China's Polish branch, China Everbright International Limited acquired Poland's biggest solid waste disposal company, Novago, for 123 million euros (137 million U.S. dollars). The acquisition marks the largest sum of a single project in Poland by a Chinese enterprise. The purchase was one of many made by Chinese banks in Poland to promote the "Belt and Road" initiative. Poland, a crucial node in the "Belt and Road" initiative, due to its strategic location and good investment environment, has become a center of attention for many Chinese institutions and businesses. Numerous Chinese ...
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