It starts out un-alarmingly. The optimism of German consumers weakens somewhat, according to the forward-looking Gfk survey, conducted on a monthly basis for the European Commission. So the overall index fell to 8.6 for September, from 8.9 in August. It … Read the rest
Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions and the dollar based western monetary system yesterday.
Currency wars are set to escalate as the petro dollar’s decline continues.
Russian Energy Minister Alexander Novak … Read the rest
Glencore, the largest mining company listed on the JSE and headed by South African Ivan Glasenberg, has been accused in a new 245-page report of mining and exporting “blood coal” from Colombia.
The report, “The Dark Side of Coal”, published … Read the rest
BP Plc (BP/), Siemens AG (SIE) and Renault SA (RNO) are among European companies preparing for a downward turn in their Russian business following the European Union’s decision to impose its widest-ranging sanctions yet over President Vladimir Putin’s involvement in … Read the rest
Malaysia Airlines is on the verge of bankruptcy, losing up to $2 million every day, after its flight MH370 disappeared in March and MH17 crashed four months later, Agence France-Presse wrote Sunday citing analysts from a Malaysia-based aviation consultancy Endau … Read the rest
Talks under the auspices of the global Financial Stability Board (FSB) over the summer are approaching a key stage as officials aim to clinch an agreement on bail-ins and the bailing in of creditors including depositors of banks.
Finance officials … Read the rest
The Swiss National Bank and the People’s Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss … Read the rest
The department of energy will be devoting almost R1-billion to cementing South Africa’s nuclear energy expansion ambitions.
In her budget vote speech on Monday, Energy Minister Tina Joemat-Pettersson said that R850-million had been allocated to the department and its relevant … Read the rest
It appears that having pushed France forcefully into the Russia-China Eurasian, and anti-US camp, the US will now do the same with Germany. Because after infuriating the German population by first refusing to return their gold at the New York … Read the rest
In its continued push to make the yuan a global currency, China’s central bank said Sunday it plans to designate clearing banks for its currency in Paris and Luxembourg, as the two financial centers battle with London to become the … Read the rest
Analysts and investors have never disagreed more about what price to pay for shares in ClickSoftware Technologies Ltd. (CKSW), the Israeli developer whose largest stockholder is billionaire George Soros.
ClickSoftware, which makes computer programs to manage workforces, reached a five-month … Read the rest
Executive director of the Free Market Foundation, Leon Louw says the return of nuclear power run by the current government will be a ‘catastrophe’.
“This government has shown conclusively that it is unable to manage electricity … Nuclear will make the … Read the rest