10 things you need to know before European markets open
Good morning! Here's what you need to know in markets today. Greece's bailout could drag into 2016. A report from The Wall Street Journal on Monday afternoon said Greece's international creditors have...
View ArticleRussia is weathering the oil price plunge better than expected
“Significant downside risks to our projection remain, as the global oil market continues to search for its new equilibrium and the commitment to structural reforms needs to be supported by a concrete...
View ArticleScientists believe the secret to energy storage may be in a cigarette butt
See Also A scientific breakthrough in a laboratory in Seoul, South Korea could soon give Tesla, and other companies, a run for their money in the energy storage game. Scientists have developed a new...
View ArticleChina's hard landing may have already begun
The Chinese stock-market mania has created $6.5 trillion in “value” over the last 12 months. For perspective, that “value” amounts to 63% of China’s 2014 GDP of $10.4 trillion. No other stock market...
View ArticleChina could soon stun the oil market
Oil analysts and commodity traders watch the price of crude swing down and up, and are trying to figure out when and to what extent the OPEC “price war” will force supply reductions from US shale. Any...
View ArticleChinese search giant Baidu is building a self-driving car with BMW to...
BMW 'Highly Automated Driving' prototype See Also Google isn't the only tech giant in the autonomous car game any longer. Chinese search engine giant Baidu is hoping to start testing of a self-driving...
View ArticleThe drop in oil prices is crushing Asia's investment banks
Cheap oil can often be a double edged sword. On the one hand, it has been beneficial for the emerging global economies of India and China, who seized the opportunity to expand their strategic petroleum...
View ArticleOPEC MEETS THIS WEEK: Here's what to expect
OPEC’s strategy could still work, but will need more time. That points to a stay-the-course approach heading into the June meeting and beyond. Still, it is not clear how long OPEC members can hold out....
View ArticleMoney is flooding into China and India
It’s been a little over a year since Narendra Modi took office in India, and so far the results have been mostly positive for the South Asian country and the surrounding region. Among other...
View ArticleIt's do or die time for Mexico's neglected oil sector
The upcoming auction will be a seminal moment for Mexico, Peña Nieto surely believes, as it will lead to billions of dollars in investment from international oil companies and potentially a resurgence...
View ArticleShell has been driven out of Ukraine
Royal Dutch Shell has been considering ending its partnership with a Ukrainian energy company in a shale gas exploration venture in eastern Ukraine because of the fighting in the region and prospect of...
View ArticleWhy Saudi Arabia opened its stock market to the world
Saudi Arabia may be rich enough to weather the current trend of low oil prices, but it’s losing money nonetheless and has found a way that it believes could help make up for the loss: opening its stock...
View ArticleThe market for big, expensive luxury cars in China is over
A BMW built for China. See Also China has been, in a word, awesome for luxury automakers. As the country has minted millionaires and billionaires, its newly wealthy have gone shopping for high-end...
View Article2015 is shaping up to be an awful year for the coal industry
2015 is shaping up to be a fateful year for the coal industry. After coal prices tumbled from their highs in 2011, the industry hit a rough patch. Years of buildup in mining capacity hit the markets at...
View ArticleMost of us are looking at China all wrong
See Also The "China's going to collapse" thesis has been one of the more popular economic narratives recently pushed forward by academics and the media. However, Beijing's economic model is “probably...
View ArticleINSIGHTS into the WORLD / Japan, U.S. right to keep away from AIIB
By Yoshiyuki Kasai / Special to The Yomiuri ShimbunThe development of infrastructure, or large-scale public assets, requires long-term planning and the input of sufficient financial resources,...
View ArticleDeutsche Bahn to expand procurement from China
Deutsche Bahn AG, one of the world's largest railway operators, is setting up a procurement office in China later this year to expand its pool of global suppliers and hunt for possible partners in...
View ArticleBeating Uncle Sam at His Own Game
“Washington is not looking for peace or war. They’re looking for domination. If they can achieve domination peacefully – that’s fine. If they can’t, they’ll use war. It’s that simple.” William Blum,...
View ArticleThis nation is poised for a massive refining boom
Reuters quotes OPEC, as saying "This supply glut, primarily of light sweet crudes, needs to ease sizably before the oil market steadies. Low oil prices are expected to force some of the costly light...
View ArticleChina's economy is hitting a wall — and it's going to affect everyone
For years, Chinese growth rates have been a byword for extremely fast economic development, and the phrase is still used that way. Unfortunately for China, the country doesn't actually have "Chinese...
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