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…
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 →
Mining Blast, Organ Harvesting Practice from Prisoners in China is likely to be abolished soon, under constant allegations that young prisoners are killed for their organs.
Upcoming Hong Kong Chief Executive Election update, China wants full democracy in Hong Kong (though we are not sure how long the one country two systems in Hong Kong will continue). Only 1200 people will be voting from 12 million people in Hong Kong.
President of Indonesia visits China to strengthen bilateal ties.
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 […]
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 […]
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 →
CBC.caFrance urges Turkey not to overreact to genocide lawReuters| PARIS (Reuters) – France urged Turkey not to overreact on Tuesday after the French parliament adopted a bill making it illegal to deny the mass killing of Armenians by Ottoman Turks nearly a century ago was genocide. Speaking on Canal+ television …Turkey Slams France Over Armenian ‘Gen […]
USA TODAYLargest Solar Radiation Storm in Six Years Headed Toward EarthBloombergThe Earth will be bombarded today by the strongest solar radiation storm in six years, with a limited potential to affect satellites and power grids, officials say. The coronal mass ejection, a violent release of plasma and magnetic fields from the sun …Biggest Solar Storm Sinc […]
Los Angeles TimesMitt Romney paid $3 million in federal taxes in 2010Los Angeles TimesThe Republican presidential candidate agreed to make his tax returns public after pressure from rivals. Mitt Romney talks to the press after holding a round table on housing issues in Tampa, Fla., Jan. 23, 2012. (Emmanuel Dunand / AFP/Getty Images) …Tax returns show Romne […]
Malaysia StarChina’s Xi to Visit White HouseWall Street JournalBy JEREMY PAGE BEIJING—Xi Jinping, the man widely expected to become China’s top leader this year, will take his biggest step into the international spotlight Feb 14 when he meets President Barack Obama on his first official visit to the US as vice …China heir apparent to visit White […] Continue reading →
