Tag Archives: Russia

China – Top Performing Market of 2014

Japan was the top performing market of 2013, and China is the top performing market of 2014. The plunge in crude oil prices is likely to wreak economic havoc on vulnerable oil exporters such as Russia and Venezuela (both countries face recession in 2015), oil prices have hit 5 year lows this week, falling nearly 50 percent since mid-June 2014 as weak global demand for crude oil, combined with strong supply growth from new production wells going live in 2014. South and Southeast Asian markets also featured in the top-five performing markets after registering double-digit gains. Philippines and Indonesia equities followed close behind, both rising over 22 percent. Chinese market (Shanghai Composite) has bounced back after last couple of years of weak performance, and gained 52% in 2014, on the back of policy action by Chinese govt to boost the local economy, to become the best performing Asian market, and top performer worldwide for 2014 while beating Indian markets which gained 31% in 2014. Read More…

OPEC cuts Oil Price target

Crude Oil prices are down 25% since their recent higher levels, and are currently at nearly 4 year low. Experienced energy analysts feel crude oil prices may remain low in the near term due to increasing US shale oil supply, but crude oil prices are likely to move up back to $100 per barrel.
One day after Saudi Arabia lowered prices in an attempt to hold market share in the USA, to compete with the cheaper shale oil in the United States market, the White House spokesman Josh Earnest said that the USA is monitoring the global oil demand-supply situation but has no comment on whether it might look at replenishing the Strategic Petroleum Reserve.
Meanwhile, Goldman Sachs analysts believe the crude oil surplus supply situation will remain till Q2, 2015. However, industry veterans believe crude will bounce back by Jan 2015, its just a matter of few weeks for the commodity to stabilize, and then the big short squeeze will play out, and we may see crude oil back at $100 per barrel by Jan-Feb 2015. Continue reading


  • Romney wins Nevada GOP caucuses, Fox News projects – Fox News
    Globe and MailRomney wins Nevada GOP caucuses, Fox News projectsFox NewsThe pressure is on the rest of the Republican presidential field to knock Mitt Romney down a peg after the former Massachusetts governor sailed to victory in the Nevada caucuses following his big Florida win earlier in the week.Gingrich explains his way forwardCNNAnalysis: Romney Win Lea […]
  • Iran raid likely to drag in US, hurt global economy

    CBC.ca — Iran raid likely to drag in US, hurt global economy– Reuters AfricaBy William Maclean MUNICH (Reuters) – An Israeli raid on Iran’s nuclear facilities would deliver a painful shock to the global economy, revive flagging Islamist militancy and possibly drag the United States into a regional war whether it backed its …Israeli defense minister says he […]
  • Syria: UN veto gives Assad ‘licence to kill’ – opposition

    BBC News Syria: UN veto gives Assad ‘licence to kill’ – opposition. Russia and China have handed Syria’s government a “licence to kill”, say opposition activists, after the two countries vetoed a UN resolution. The Syrian National Council, an opposition umbrella group, urged Moscow and Beijing to change their minds.Why China, Ru […] Continue reading


  • Ethiopia gunmen kill five foreign tourists in Afar – BBC News
    BBC NewsEthiopia gunmen kill five foreign tourists in AfarBBC NewsFive foreign tourists have been killed in Ethiopia in an attack by unknown gunmen in the northern Afar region, the government says. German, Belgian, Italian and Hungarian nationals were among them, government official Bereket Simon said. …Five nationalities victims in Ethiopia attacksTelegra […]
  • Police say dog walkers found human head in plastic bag on trail below LA’s … – Washington Post
    Telegraph.co.ukPolice say dog walkers found human head in plastic bag on trail below LA’s …Washington PostLOS ANGELES — Detectives are expected to resume searching an area of Los Angeles where two dogs found a human head in a plastic bag. Police say two dog walkers with about nine dogs came across the bag on a popular trail below the Hollywood sign in […]
  • Search suspended after stricken Italian cruise ship moves – CNN
    Telegraph.co.ukSearch suspended after stricken Italian cruise ship movesCNNBy the CNN Wire Staff The Italian Coast Guard has released photos of the rescue effort at the cruise ship Costa Concordia near Giglio Island, Italy. Giglio, Italy (CNN) — With bitterly cold temperatures and frigid waters, the chances of finding more …Cruise ship shifts, search halt […]
  • Russia Says Foreign Troops Will Not Deploy in Syria – Voice of America
    The Daily StarRussia Says Foreign Troops Will Not Deploy in SyriaVoice of AmericaJanuary 18, 2012 Russia Says Foreign Troops Will Not Deploy in Syria VOA News Syrian ally Russia says it will not allow the deployment of foreign troops in Syria, as the UN Security Council debates how to stop the bloodshed of the 10-month uprising …Russia: Western sanctions a […] Continue reading