Category Archives: Business and finance

bricsmap

BRICS to set up own IMF

Very soon, the IMF will cease to be the world’s only organization capable of rendering international financial assistance. The BRICS countries are setting up alternative institutions, including a currency reserve…

reservecurrency

Goodbye US dollar, nothing lasts forever

Nothing lasts forever – especially reserve currencies – no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too…

wall

The US stockmarket is rigged says acclaimed author

The US stock market is rigged in favour of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to the acclaimed author Michael Lewis. In…

chevron

Ukraine signs $10 billion fracking deal with Chevron

  Ukraine signed a $10 billion shale gas production-sharing agreement with U.S. Chevron on Tuesday, another step in a drive for more energy independence from Russia. The deal to develop…

naspersdown

Naspers e-commerce sites collapse

Emerging markets media and internet giant Naspers looks set to shut down a number of e-commerce sites run by its online investment arm MIH. At least three of the sites…

platinum ingots

Chinese want to buy SA platinum assets on the cheap after strikes

Bloomberg reports that China’s Long March Capital Ltd., which partners with Citic Group Corp., is considering buying South African platinum assets after their value was depressed by strikes, the company’s…

oxywashington

Major banks admitting the dollar is in trouble

On Feb. 16, a Bank of America analyst announced that the global economy is giving out clear warning signs that the dollar is entering into serious trouble, which adds more…

bar-of-gold

Silence is Golden: BuBa backing away from gold repatriation

I am typically hesitant to highlight foreign articles that have been translated by others from languages I can’t comprehend. That said, Koos Jansen of In Gold We Trust, is someone…

africa3

World Bank to map Africa’s natural resources

The World Bank plans to launch in July a $1 billion plan to map Africa‘s natural resources with the aim of delineating more clearly the continent’s uncovered mineral wealth. The…

auroracoin

Everyone in Iceland to own cryptocurrency

The cryptocurrency craze that started with Bitcoin is not over. The latest altcoin to enter the market, Auroracoin, wants to take the futurist trend back to its cryptoanarchist roots. The…