Category Market Changing

Balance of power in the Global Gold Industry moves East as Dubai plans $60 million refinery, spot contract .

In the desert on the outskirts of Dubai, one of the world’s biggest gold refineries is under construction. When completed next year, it will help to alter the balance of power in the global gold industry. Growth in demand for the precious metal is shifting east, to Asia’s fast-growing economies. But key industry activities such […]

Could Chinese money fatally weaken global lenders?

If you can’t beat them, outspend them. That seems to be the thinking behind a huge new infrastructure investment fund being promoted by China as an alternative to established international lending agencies. It’s a terrible rationale for starting a bank – and a good reason to reform the current international system, which remains dominated by […]

U.S. Stocks Advance as Employment Report Rise

U.S. stocks rose, with benchmark indexes trading near all-time highs, after data showing payrolls rose in April by the most in two years boosted confidence in the strength of the world’s largest economy. Agnico Eagle Mines Ltd. jumped 5.9 percent after reporting a record quarterly gold production. QLogic Corp., the supplier of chips and switches […]

China Gold Demand To Rise, Buyers Get Wealthier

Gold demand in China, which overtook India as the largest user last year, will rise about 25 percent in the next four years as an increasing population gets wealthier, according to the World Gold Council. Consumer demand will expand to at least 1,350 metric tons by 2017, the London-based council said in a report today. Growth […]

Nasdaq drops 3 percent, worst day since November 2011

The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences (GILD.O) and TripAdvisor (TRIP.O), increasing investor anxiety about a broader pullback. The Nasdaq biotechnology index .NBI shed 5.6 percent, its biggest one-day drop since August 2011, adding to recent losses since a large drop […]

Japan’s First Sales-Tax Increase Since ’97. What does this mean?

Japan saw its first national consumption tax hike since 1997, with the rate rising from 5 percent to 8 percent. For more than a decade, Japan’s relatively low consumer taxes have been seen as a likely target for raising rates to increase tax revenue and begin dealing with Japan’s high levels of national debt. But […]

World stocks slip from six-year high

World stocks slipped on Monday from last week’s six-year high as technology shares tumbled again, while speculation the European Central Bank will ease policy further pushed down European bond yields. The Nasdaq suffered its biggest decline since February on Friday as investors extended a recent sell-off in high-flying and high-growth shares, mostly in the tech […]

The Americas to become the “New Middle East” of the 21st century. Understanding the Geopolitics of Energy.

Explain Geopolitics: Geopolitics is the battle for space and power played out in a geographical setting. Just as there are military geopolitics, diplomatic geopolitics and economic geopolitics, there is also energy geopolitics. For natural resources and the trade routes that bring those resources to consumers is central to the study of geography. Every international order […]

5 World News You Should Know About. Weekend Wrap-Up.

1. Moscow will make Crimea a Special Economic Zone with Tax Breaks to Attract Investors.   In a further attempt to cement the annexation of Crimea; Moscow will try to bring in foreign capital into Crimea by declaring the area a special economic zone with large tax breaks for investors.  Speaking in Simferopol on Monday, the Prime Minister said […]

Why Turning Off your Wireless Connection Matters Most. Data-stealing Drone Unveiled.

Security firm SensePost has unveiled its Snoopy drone, which can steal data from unsuspecting smartphone users, at the Black Hat security conference in Singapore. The drone uses the company’s software, which is installed on a computer attached to a drone. That code can be used to hack smartphones and steal personal data – all without […]