Petrodollars quit world markets for first time in 18 years

Energy-exporting countries are set to pull their “petrodollars” out of world markets this year for the first time in almost two decades, according to a study by BNP Paribas.

Driven by this year’s drop in oil prices, the shift is … Read the rest

The euro will remain the world’s favourite tradeable currency

With the rise of Bitcoin and general hostility towards so-called fiat currencies, notwithstanding the euroskeptic animosity towards the euro, many people are speculating about the ultimate demise of the euro. However, as French politician Marine Le Pen recently intimated to … Read the rest

BNP Paribas fine: are $10 billion too much?

bnp-paribas2Forget the 70th anniversary of the Normandy landings and the elaborate preparations to celebrate later this week the liberation of France by its allies. Forget “Lafayette, nous sommes ici”, which General John Pershing is supposed to have said when the … Read the rest