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venezouela

Venezuela running out of cash

04/03/2017(0)
The Central Bank of Venezuela says the country is down to just $10.5 billion in foreign reserves. At the same time, Caracas has to meet debt obligations of $7.2 ... Read More
A billboard displays the logo of Snapchat above Times Square in New York

Snapchat founders, investors cash out nearly $1 billion in Snap IPO

03/03/2017(0)
Snap Inc.’s initial public offering raised nearly $2.5 billion for Snapchat’s parent company, but it is also raising nearly $1 billion for the founders and early investors. Snap SNAP, ... Read More
global-forex-fx-trading-market-singapore-china-uk-swaps

Why All Exchange Rates Are Bad

02/03/2017(0)
The economics of exchange rates can be tough sledding. Every now and then, I post on the bulletin board beside my office a quotation from Kenneth Kasa back in ... Read More
fake smartphones

How fake smartphones affect the sales of smartphones; Billions lost

02/03/2017(0)
A new report from the European Union Intellectual Property Office (EUIPO), in collaboration with the International Telecommunication Union (ITU), estimates that 184 million fewer smartphones were sold by the ... Read More
High-gas-prices

Oil prices under pressure after historical high for U.S. crude stocks

02/03/2017(0)
Oil prices fell further Thursday, depressed by the latest pick up in U.S. crude stockpiles and production. On the New York Mercantile Exchange, light, sweet crude futures for delivery ... Read More
A billboard displays the logo of Snapchat above Times Square in New York

Snapchat IPO considered overvalued by analysts

01/03/2017(0)
Snapchat owner Snap Inc. hopes to fetch between $14 and $16 per share in its initial public offering this week but analysts think it may be overvalued. The popular ... Read More
eurozone

Eurozone Private Sector Expands Most Since 2011

01/03/2017(0)
Eurozone manufacturing activity gathered further momentum in February but the pace of growth was slightly slower than the initial estimate, final data from IHS Markit showed Wednesday. The manufacturing ... Read More
Saudi Arabia wants to boost crude oil prices and get rid of a supply glut

Saudi Arabia wants oil prices to rise to $60 in 2017

01/03/2017(0)
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level ... Read More
corn farm

World corn output to fall in 2017-18, allowing drawdown in stocks

28/02/2017(0)
World corn output will fall next season, undermined by weaker Chinese and US sowings, the International Grains Council said – flagging the prospect of some decline in inventories of ... Read More
Moscow International Business Center

Russian economy to grow 2% this year – economic development minister

28/02/2017(0)
Russia’s Gross Domestic Product (GDP) is due to return to sustainable growth in 2017, according to Economic Development Minister Maksim Oreshkin. “The recent data about freight turnover, electricity consumption ... Read More
Broker Cyprus TopFX