JPM Quant is now saying the market is going to fall further and the Tech bubble has just popped. Russia will become the biggest exporter of wheat. Venezuela now selling the rest of its gold. Germany and France want an Eur zone finance ministry to take more control of the countries. Iran says it will not use the dollar for oil trade. The number of US citizens renouncing their citizenship surges. Obama asks congress for 1.8 billion to fight the Zika virus
Precious metals banked another solid week of gains as investors looked for alternatives to the stock market and U.S. dollar. Fear looks likely to persist and may accelerate; precious metals have been big beneficiaries as investors look for safe havens.
A senior Kremlin official rejected a statement by German Chancellor Angela Merkel Russia's campaign in Syria is causing the suffering of civilians. Kremlin spokesman Dmitry Peskov said there has been no credible evidence of civilian deaths as a result of the ongoing Russian airstrikes in Syria.
Russia’s restrictions imposed against Turkey in response for hostile actions may cause losses for the country’s economy exceeding $11 bln in 2016, Russia’s ambassador to Ankara Andrey Karlov told TASS, adding that tourism and agricultural sectors are likely to be hardest hit.
Turkish police fired tear gas at thousands of people protesting in the Kurdish-majority city of Diyarbakir in southeastern Turkey demonstrating against the continuation of a crackdown on Kurdish activists by Turkish police. As a sign of protest, shops and schools were closed in the city. A representative of the Democratic Societies Congress said that the demonstration would last for three days before residents decide to continue protests or bring them to a halt.
During a meeting with President of the European Council Donald Tusk and European Commission Chairman Jean-Claude Juncker, Turkish president Recep Tayyip Erdogan demanded from Brussels €30 billion to resolve the European migrant crisis a leaked document revealed, said Turkey would put refugees on buses to Europe.
Deutsche Bank. stock price down 36 percent since 2016 began, banks in Europe in trouble includes Commerzbank, Credit Suisse, HSBC and BNP Paribas. Greek bank stocks lost close to a quarter of their value Monday.
The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned. Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
Monsanto Co (MON.N) will pay $80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said on Tuesday. The Securities and Exchange Commission also said that three accounting and sales executives have also agreed to settle charges in connection with the case.
Russian state-owned Rosoboronexport. developed first tank drone, expected to sell it on the international market in the very near future. robotic combat vehicle will mostly be used to provide fire support for counter-terrorism units, reconnaissance units, mechanized infantry forces. ;Amed with 2A72 30mm automatic cannon, a 7.62mm machine gun, M120 Ataka anti-tank guided missiles; array of sensors: laser warning system, target detection, identification and tracking equipment.
Despite the economic slowdown, the sale of luxury goods in Russia is going well. The number of Chinese tourists in Russia increased one third in 2015, with many of them buying up Russia's luxury goods like never before. Over the past year the yuan exchange rate against the ruble has almost doubled. Very high tax on luxury goods in China, prices almost 70% higher than in Europe..
French Prime Minister Manuel Valls will meet his Russian counterpart Dmitry Medvedev on Saturday to discuss the prospects of lifting the ban on French food imports, says Agriculture Minister Stephane Le Foll. The former prime minister of France Francois Fillon described anti-Russian sanctions as a mistake, called for their removal as soon as possible. .2014, France accounted for 20 percent of EU’s crop output, 15.5 percent of livestock.
The Obama administration is pushing ahead with its plans to slash pension benefits for up to one million participants in “underfunded” multiemployer pension funds as part of its drive to make defined-benefit pensions a thing of the past for all US workers.
UN Secretary-General Ban Ki Moon is demanding a "fundamental change" in how the international community responds to conflict—one that prioritizes political solutions and a preservation of humanity above all else; call for "global leaders to place concern for the dignity, safety and well-being of our citizens—at the forefront of all policies, strategies, and decision-making."
Signs of distress in financial markets accumulated amid deepening concern over the health of the global economy, with U.S. stocks sliding to a 22-month low as the cost of protecting against default by junk-rated companies soared to the highest level since 2012. Mining and banking stocks drove the Standard & Poor’s 500 Index to its lowest close since April 2014, even as energy producers erased losses
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