Latest Articles: Business/Finance
Jamaica turns to China to upgrade road network
Post Date: 2016-06-18 07:44:51 by Tatarewicz
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KINGSTON, June 16 (Xinhua) -- The Jamaican government has decided to use Chinese concessional loans to upgrade the road network on the island, Jamaican Prime Minister Andrew Holness said Thursday. The arrangement has been finalized with the Export-Import Bank of China (China EximBank), which will provide most of the funds, to construct a road network in the southeastern and southwestern parts of the country, the prime minister told a press conference in Jamaica House. Holness said that the projects will cost 384 million U.S. dollars. The Jamaican government will raise 57 million dollars while the rest will be provided by the China Eximbank as a loan. Works in the southeastern end of the ...
Putin at St. Petersburg International Economic Forum
Post Date: 2016-06-17 12:20:32 by Stephen Lendman
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Putin at St. Petersburg International Economic Forum by Stephen Lendman Called Russia’s Davos, this year’s SPIEF (its 20th annual forum) is one of its “most extensive,” according to Tass, featuring three days of over 100 events - from June 16 - 18. Attending are representatives of 600 Russian and 500 foreign companies from 60 countries, including America and EU ones - to the displeasure of Washington, wanting Russia increasingly isolated, marginalized, weakened, and transformed into a US vassal state. Addressing SPIEF’s plenary session, Putin’s remarks were wide-ranging, discussing “systemic problems…besetting the global economy and practically ...
Janet Whiffs Again——Take Cover Now!
Post Date: 2016-06-17 08:13:13 by Ada
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If Donald Trump has even a partial clue about the nation’s monumental economic mess one of his first acts will be to demand Janet Yellen’s resignation. And for sheer incompetence among countless other failings. She was out there again today talking in completely incoherent circles. On the one hand, Yellen robotically insisted that the U.S. economy is moving steadily toward the Keynesian nirvana of full employment. At the same time, she struck a profile in cowardice that was downright pathetic. Yep, after 90 months of ZIRP the Fed has decided to wait for further confirmation from the “incoming data” before concluding that even one more baby step toward interest rate ...
Uber takes to Brazilian skies with helicopter service
Post Date: 2016-06-16 01:48:09 by Tatarewicz
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RT... Sao Paulo in Brazil is the first city in the world to have an Uber taxi service with helicopters. The new Ubercopter service will test for a month. Read more © Robert Galbraith Uber receives $3.5bn cash boost from Saudi Arabia Ubercopter is a partnership with the European plane maker Airbus, says Fabio Sabba, Uber's communications director in Brazil. The company uses three helicopter operators in Sao Paulo. Each aircraft can carry up to four passengers with prices ranging from $17 to $80 per seat. READ MORE: Apple bets $1bn on Chinese Uber rival After calling for a helicopter, users will be redirected to an app where they can use their Uber credentials. Clients then get ...
Foreign selling of U.S. Treasuries in April was most since 1978
Post Date: 2016-06-15 21:04:38 by Horse
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UPDATE 1-Foreign selling of U.S. Treasuries in April was most since 1978 -data (New throughout, adds details about foreign U.S. Treasury holdings, background about economy in April) Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of April, according to U.S. Treasury Department data on Wednesday, as investors priced in a few more rate increases by the Federal Reserve this year. Foreigners sold $74.6 billion in U.S. Treasury debt in the month, after purchases of $23.6 billion in March. April's outflow was the largest since the U.S. Treasury Department started recording Treasury debt transactions in January 1978. Private offshore investors sold ...
“G-DAY” The Day Stocks, Bonds And Bank Accounts Could Head Towards ZERO
Post Date: 2016-06-15 19:25:27 by BTP Holdings
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“G-DAY” The Day Stocks, Bonds And Bank Accounts Could Head Towards ZERO Potentially Sending Gold Prices Haywire… To as much as $14,454 per Ounce (Or More) **Warning: The following presentation contains controversial content** Dear Reader, Jim Rickards here… And I call it “G-Day.” Others will call it the most paralyzing financial event in America’s financial history. No matter what you call it, know this... This event could be barreling towards us… And it could arrive as soon as June 15, 2016. That’s my best estimate of how quickly this could happen. When it happens, you won’t hear any bells go off. And you won’t hear about ...
Apple Just Dropped a Bomb on Your Credit Card Company
Post Date: 2016-06-15 08:04:50 by Tatarewicz
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The Motley Fool $18 million a day. That’s how much money American Express, Capital One, Chase, Discover and all the other credit card companies stand to lose thanks to an unprecedented shift in the way Americans are using their credit cards. You've probably heard a lot about this monumental development already...yet I can almost guarantee you haven’t heard the full story. It started last year when Apple CEO Tim Cook unveiled Apple Pay – the highly anticipated system that lets you use your iPhone in place of a credit card. Already, more than 750 banks are allowing their customers to use Apple’s revolutionary payment system. Apple They’re happily giving ...
Global crude production drops for first time since 2013
Post Date: 2016-06-15 06:33:35 by Tatarewicz
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PressTV... The International Energy Agency (IEA) has released a report saying the world’s crude oil production has decreased for the first time since 2013. The report said reductions by OPEC and non-OPEC countries led to cuts in global oil supply by nearly 800,000 barrels per day (bpd) in May. It said the current output stood at over 95 million bpd. It added however that non-OPEC supply growth is expected to return in 2017 at 200,000 bpd. The IEA said the drop comes despite Iran’s fast return to the OPEC oil market with an anticipated gain of 700,000 bpd. The report sees the same growth for the global oil market next year, saying the 2016 growth of 1.3 million bpd will likely ...
Stock Gumshoe discloses virus-based, anti-cancer drug being touted as big money maker
Post Date: 2016-06-14 22:52:13 by Tatarewicz
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There are some folks who are trying to make projections about what will be the leading cancer drugs in five years — they’re almost certainly going to be wrong, but their guesses provide a framework for thinking about scale. They think Revlimid will lead the pack with $10 billion in sales, and that others like Opdivo and Avastin will be in the $5-10 billion neighborhood. Revlimid is expected to hit $6.5 billion in sales this year (close to $6 billion last year), but it was first tested in the clinic in 2001 and approved by the FDA in 2005 after a very fast fast-track approval process… even with “fast track,” it takes time to build those big cancer drug franchises. ...
iBillionaire Capital Reviews
Post Date: 2016-06-13 08:13:50 by Tatarewicz
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highya... The iBillionaire app gives you access to the investment habits of some of the Have you ever heard the name Warren Buffet? If you know anything about investing, your answer is definitely going to be yes. Buffet is a famed investor who has built astronomical wealth through his own sometimes unorthodox methods of investing. Wouldn’t it be great if you could look over his shoulder when he bought stock or sold it? The app from iBillionaire Capital claims to let you do just that. Through the app, you supposedly can “track the investment strategies of the world’s top billionaires” so you too can put your money in successful equities (things you ...
Central Bankers Now Face a Two Front War
Post Date: 2016-06-11 20:47:53 by BTP Holdings
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Central Bankers Now Face a Two Front War By Adam English Saturday, June 11, 2016 Few people are more reviled by everyday people than bankers, and rightfully so. They hide usury in fine print and send your neighbors to evict you in their stead. They distort and manipulate markets for their own gains, from LIBOR, to the gold fix, to silver prices, to exchange rates, and on and on. Then, with the corruption of a wink and a nod, they use regulatory capture to remove all risk and collect cushy bailouts while our jobs disappear, wages effectively shrink, and neighborhoods fall into squalor. But what if something came along that was so destructive that both common people and financial ...
Larry Kudlow: 'Overthrow the Establishment' to Fix the Economy
Post Date: 2016-06-11 12:27:37 by BTP Holdings
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Larry Kudlow: 'Overthrow the Establishment' to Fix the Economy Image: Larry Kudlow: 'Overthrow the Establishment' to Fix the Economy (Flickr) By Frank McGuire | Friday, 10 Jun 2016 05:56 PM Newsmax Finance Insider Larry Kudlow is fed up with the way global central banks have been trying to revive the economy. Nothing they have done has worked. So there’s really only one option left, he told CNBC. “Overthrow the establishment. Now's the time,” said the CNBC senior contributor who also hosts a syndicated radio-talk show. "Overthrow the establishment," urged Kudlow, who was a former economic adviser to President Ronald Reagan. “We need a ...
DAIMLER TO PRODUCE MERCEDES NEAR MOSCOW, SIEMENS TO TAKE PART IN HIGH SPEED RAIL
Post Date: 2016-06-11 01:56:14 by Tatarewicz
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PravdaMainForum... The Russian Trade Ministry has agreed German automaker Daimler AG can begin the assembly of Mercedes-Benz vehicles in the Moscow region, according to Deputy Director of Transportation Vsevolod Babushkin. Read more 575012efc46188d7408b4594.jpgBavaria to invest €600mn in Russia despite sanctions “The plan has been approved by the ministry and is currently awaiting the green light from the regional authorities,” said Babushkin to the Rambler News Service, stressing that the Moscow region is interested in the project. He says negotiations are still underway, and there is no start date set. Daimler plans to localize production of Mercedes-Benz vehicles in ...
U.S. company terminates high-speed rail deal with China group, breaches agreement
Post Date: 2016-06-10 01:19:12 by Tatarewicz
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LOS ANGELES, June 8 (Xinhua) -- The U.S. company XpressWest announced unilaterally Wednesday to terminate its cooperation with China Railway International (CRI) in building a high-speed rail between Las Vegas and Los Angeles, in violation of the terms reached by the two sides. The CRI later responded that it is waiting for an explanation from XpressWest about its decision, which would mark the abrupt suspension of the project. In a press release issued Wednesday afternoon, XpressWest said it "has terminated its joint venture activities with CRI regarding high-speed passenger rail." A CRI manager responsible for the joint venture told Xinhua that XpressWest is precipitate and ...
How Petrodollar Came to Be: The Untold Story Behind Saudi Arabia’s 41-Year US Debt Secret
Post Date: 2016-06-09 09:14:54 by Tatarewicz
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RI... It was July 1974. A steady predawn drizzle had given way to overcast skies when William Simon, newly appointed U.S. Treasury secretary, and his deputy, Gerry Parsky, stepped onto an 8 a.m. flight from Andrews Air Force Base. On board, the mood was tense. That year, the oil crisis had hit home. An embargo by OPEC’s Arab nations—payback for U.S. military aid to the Israelis during the Yom Kippur War—quadrupled oil prices. Inflation soared, the stock market crashed, and the U.S. economy was in a tailspin. Officially, Simon’s two-week trip was billed as a tour of economic diplomacy across Europe and the Middle East, full of the customary meet-and-greets and evening ...
The Silver Lining in the Doomsday Narrative
Post Date: 2016-06-08 19:26:24 by BTP Holdings
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The Silver Lining in the Doomsday Narrative Boris Schlossberg | Wednesday, June 8, 2016 at 4:30 pm Last week’s nonfarm payroll report wasn’t even an hour old, but the financial pundits were already declaring a U.S. recession. The numbers were weak, but they didn’t reflect a disaster. The economy managed to eke out its 100th-straight month of positive job gains, albeit the 38,000 print was far worse than the 175,000 gain expected by market participants. Still there were many extenuating circumstances surrounding the May data. First and foremost was the Verizon strike, which shaved nearly 40,000 workers off the payroll. And seasonality also played a part. Last, but perhaps ...
More on gold …
Post Date: 2016-06-08 08:16:38 by BTP Holdings
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More on gold … Larry Edelson | Wednesday, June 8, 2016 at 7:30 am Gold’s bounced a bit, and now, everyone wants my head. They figure — again — that gold is ready to blast off to $1,300 … then $1,350 … then $1,500 and even higher, without ever looking back. They say the background environment for gold — and other precious metals and mining shares — has never been more bullish. I say, baloney! Yes, gold has bottomed, last December. Yes, gold, the precious metals and miners are in new bull markets that will see much higher prices and could last for years. But no way are the metals or miners going straight up from here. No way are they on a rocket ...
Saudis adjust oil price
Post Date: 2016-06-07 05:38:15 by Tatarewicz
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UPI.com Even as Saudi Arabia vies for market share with a post-sanctions Iran, the Kingdom has raised oil pricing for Asian and U.S. customers, but dropped prices for Europe exports. Saudi Aramco's July pricing for Asian customers will be 35 to 60 cents per barrel higher than the regional benchmark Asia sales, Bloomberg reported. This is the second straight month Saudi Arabia has raised prices to Asia. For U.S. customers, July Arab Light crude will go up by 20 to 55 cents per barrel more than the regional benchmark, though prices on Extra Light crude will remain unchanged. Apparently confident in rising Asian demand to maintain its market share in that region, for Europe, to the ...
Hillary’s Short-Sighted Short-Term Capital Gains Plan
Post Date: 2016-06-04 20:27:00 by BTP Holdings
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Hillary’s Short-Sighted Short-Term Capital Gains Plan To hear Hillary Clinton speak, you’d think she is a crusader for American’s middle class. She has made promise after promise to close Wall Street loopholes that allow the rich to get richer. She’s promised to add a surcharge on high-income taxpayers and implement the Buffet Rule, which would establish a minimum 30 percent tax on some taxpayers. Clinton also wants to radically alter the capital gains tax. Her proposal, designed to encourage longer-term investments to reduce what she calls “quarterly capitalism,” is flawed in both diagnosis and prescription. Her plan is premised on the belief that activist ...
All Pension Funds Are Doomed, Doomed, Doomed
Post Date: 2016-06-04 12:17:46 by BTP Holdings
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All Pension Funds Are Doomed, Doomed, Doomed By Charles Hugh Smith There are limits on what the Fed can do when this bubble bursts, as it inevitably will, as surely as night follows day. It's no secret that virtually every pension fund is dead man walking, doomed by central banks' imposition of low yields on safe investments, i.e. Zero Interest Rate Policy (ZIRP). Given that both The Economist and The Wall Street Journal have covered the impossibility of pension funds achieving their expected returns, this reality cannot be a surprise to anyone in a leadership role. Few managers count on returns of 8%-plus a year anymore, and governments have to scramble to make up funding. ...
Russian Stock Dividend Yields Second-Best Rating Among G20
Post Date: 2016-06-04 06:38:47 by Tatarewicz
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© Sputnik/ Russian stock dividends ranked second-best amid the G20 economies as shares are cheap and rife disinvestment has forced companies to seek capital by offering better payoffs. Kristian Rouz – Russia’s stock markets have provided lucrative investment opportunities since at least 3Q15 as dividend yields climbed due to higher international risks, policy concerns, national currency devaluation and, given all factors mentioned, the relative sustainability of the broader economy, which has proven shock-resilient enough to withstand the dramatic decline in oil prices. Russia was the second-best performer in terms of average dividend yields on shares among the G20 markets, ...
How To Survive In These United States of Scamerica
Post Date: 2016-06-03 07:00:06 by Ada
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Ok, boys and girls, today Jack will explain the whole shebang to you. The reason I am in a position to explain it is because I haven’t got a dog in this fight. I don’t have a dog. I don’t even like them. After much deep looking, I think the obvious is so obvious people have to be willingly deluding themselves not to see it. Indeed, a self-induced hallucination of alleged grandeur that manifested as the “Great Nation On Earth.” A mirage more fictitious than anything the Wizard of Oz could have conjured up to mesmerize the various Tin Men, Scarecrows, Cowardly Lions, Dorothys, and Totos that inhabit this peculiar realm we call the United States of America. We ...
Boeing says Iran can buy planes in euros
Post Date: 2016-06-03 02:58:59 by Tatarewicz
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PressTV... Global aviation giant Boeing says Iran’s airlines could purchase its passenger jets in euros rather than in dollar if the United States’ financial system does not open up to Iran. The announcement was made by Marty Bentrott, Boeing’s vice-president for Middle East sales, on the sidelines of the International Air Transport Association (IATA) annual meeting in Dublin. “There is plenty of opportunity still for Boeing,” he said, who himself has visited Tehran since the plane maker was granted permission to engage in commercial discussions. “There is some very positive interest,” Gulf News has quoted the official as saying. The media in late ...
Russian Billionaire Potanin First in Iranian Investment Race
Post Date: 2016-05-31 06:49:22 by Tatarewicz
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sputnik... Billionaire Vladimir Potanin has become the first major Russian investor to buy assets in Iran after the lifting of sanctions, the Kommersant newspaper reported Wednesday. Potanin's investment fund, New Winter Capital Partners (WCP), invested an undisclosed sum into Swedish firm Pomegranate, a shareholder in a number of Iranian Internet companies including the country's largest online retailer Digikala, Kommersant reported. This was confirmed by the managing director of Winter Capital Advisors, a firm which consults for WCP. According to Kommersant's unidentified source, the deal was completed in March. The United Nations and the European Union lifted sanctions ...
Money of XXI Century: All You Need to Know About Cryptocurrencies
Post Date: 2016-05-30 07:22:37 by Tatarewicz
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Sputnik... Even though digital currency is not going to appear in Russia any time soon, electronic money keeps spreading across the world with ever new versions cropping up every day. Australian entrepreneur Craig Wright on May 2, 2016 identified himself as the creator of Bitcoin, following years of speculation about who invented the pioneering digital currency Russia is not the only country where digital money has no currency. China has banned financial companies from Bitcoin transactions, just like Bolivia and Ecuador. Most of the EU countries, the US, Canada and Southeast Asia remain undecided, while people in Germany, The Netherlands, Singapore, Australia and New Zealand are free to ...
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