Search Results for: oil
The Current Global Financial Crisis
September 3rd, 2015
During the last month global markets has been roiled by the financial crisis that emanated from China, but propagated to other parts of the world. To put things into perspective, during the month of August more than $5 trillion ...
Eleven Crazy Days — Many More Coming
September 3rd, 2015
Twelve months ago the world was happily sailing along in the Great Moderation, with financial markets that moved gracefully higher most of the time but even in their rare negative moments didn’t cause too much angst. The eleven trading ...
Asian Shares Rise, China Markets Closed for Holiday
September 3rd, 2015
U.S. markets regained some footing overnight Asian markets were mostly higher on Thursday, led by a strong performance in Japanese stocks after U.S. markets restored some stability to a region rocked by volatility. Japan’s Nikkei was 1.5% higher at around midday, ...
China stocks reverse losses after brokerages pledge support; Hong Kong flat
September 2nd, 2015
China stocks clawed back sharp early losses on Wednesday amid speculation that the government is putting fresh pressure on brokerages to support the market. Nine Chinese brokerages have pledged additional funds worth over 30 billion yuan ($4.71 billion) to ...
Extreme volatility rocks China stocks
September 2nd, 2015
China stocks swung wildly on Wednesday as investors grappled with the market’s latest episode of extreme volatility. The benchmark Shanghai Composite shed 4.2% at the opening bell, only to recover and lurch into positive territory by mid-day. The smaller ...
European stocks suffer as China outlook continues to worsen
September 1st, 2015
More than £30bn was wiped off FTSE 100-listed stocks this morning, after new economic data from China reduced hopes of a recovery from last week’s market turmoil. The FTSE dipped below 6,100 points in mid-morning trading, 2.4 per cent ...
Russian GDP Down 3.6 Percent in First Seven Months
September 1st, 2015
Russian gross domestic product dropped by 3.6 percent in the first seven months of the year, compared to the same period last year, Russia’s Economic Development Ministry said in a report issued Friday. Drops in construction and investment remain the major negative factors affecting the Russian economy, the report ...
Asian stocks decline as China twin PMIs sap risk appetite
September 1st, 2015
Asian stocks declined on Tuesday, as losses on Wall Street overnight and new manufacturing data out of the world’s second-largest economy curbed risk appetite. China’s official manufacturing purchasing managers’ index (PMI) edged down to 49.7 in August from 50 in July, just ...
Is the EU losing the Western Balkans? What local experts think
August 31st, 2015
No business as usual in the Western Balkans The Western Balkans remain Europe’s unfinished business, not only for the continuing stalemate in Bosnia or tensions in Macedonia and Northern Kosovo, but also because broader geopolitical developments shaping the EU’s ...
Italy’s Eni discovers huge gas field off Egyptian coast
August 31st, 2015
Italian energy group Eni says it has found one of the world’s largest natural gas fields off Egypt’s coast. The company said the area was 1,450m (4,757 feet) beneath the surface and covered 100 sq km (39 sq miles). ...
