Oil Prices Fall Off Banking Fears, And Delays In Refilling SPR
Oil fell again on Friday as traders worried about an oversupplied market, and word came from US Energy Secretary Jennifer Granholm that the US may take several years to replenish…
US Cautions Russia And China Over Replacing Dollar
On Thursday, United States Treasury Secretary Janet Yellen warned Russia and China they will face substantial difficulties as they seek to replace the United States dollar in international trade. As…
Russia-China Gas Mega-Deal Near Completion
On Thursday, the Tass news agency reported that a senior Russian official said talks between Moscow and Beijing on the construction of the Power of Siberia 2 natural gas pipeline…
European Banking Stocks Plunge As Credit Default Swaps Surge
On Friday, shares of European banking titans plunged, as Deutsche Bank fell 13%, and UBS Group dropped 6%, following investors noting a sharp increase in credit default swaps being recorded…
Russian Billionaire Says US Foreign Wars Cost $33 Trillion
Photo of Oleg Deripaska courtesy of Wikipedia On Friday, Russian businessman Oleg Deripaska noted on his Telegram channel that the US economy is presently in a very precarious position.…
Bill Ackman Says US Banks At Precipice As Fed Raises Rates And Treasury Refuses To Guarantee Deposits
Billionaire investor Bill Ackman is warning that the US economy is at the precipice of disaster after the Federal Reserve chose to increase interest rates yet again, while the Treasury…
ECB Chief Says Eurozone Will Never Recover Wealth Lost To Energy Costs
CC-BY-4.0: © European Union 2020 – Source: EP”. (creativecommons.org/licenses/by/4.0/) During a conference at Frankfurt’s Goethe University on Wednesday, European Central Bank (ECB) President Christine Lagarde observed that the Eurozone…
Protests In France Over Pension Reform Become Coordinated
On Thursday, protests in France continued over the government increasing the retirement age from 62 to 64, using special parliamentary procedures which negated the need for an official vote to…
German Inflation Forecast To Remain Elevated
Inflation in Germany may remain elevated for longer than is presently forecast, or even accelerate suddenly, if the monetary policy measures presently being employed are overtaken by current risks in…
Russia Warns, Lack of Production Investment Will Lead To Global Oil Shortage
On Thursday, Russian Deputy Energy Minister Pavel Sorokin warned that within the next few years, the global oil market will face supply shortages due to the present lack of investment…
