"Venezuela will receive a loan of $5 billion from China in the coming months for crude oil projects, a director at state-owned Petroleos de Venezuela said on Tuesday." Source: Venezuela to Get $5 …
Saudi Arabia opens $585 bln stock market to foreign investors
"Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time on June 15, as the kingdom seeks an economic boost amid low global oil prices." Source: …
Continue Reading about Saudi Arabia opens $585 bln stock market to foreign investors
U.S., Europe ready new Ukraine sanctions to deter Putin
"The United States and the European Union are finalizing further sanctions against Russia that could be imposed if Moscow takes additional military action in Ukraine, senior U.S. administration …
Continue Reading about U.S., Europe ready new Ukraine sanctions to deter Putin
Indonesia seeks return to Opec
"Indonesia is seeking to rejoin Opec seven years after rising reliance on imports prompted the nation to withdraw from the group supplying about 40% of the world’s oil." Source: Indonesia seeks …
US spending $9M a day in ISIS fight
"The U.S. has spent more than $2.74 billion — or roughly $9.1 million per day — in the fight against the Islamic State in Iraq and Syria (ISIS), the Pentagon revealed Thursday. In releasing the new …
Russian Groups Crowdfund the War in Ukraine
"The Novorossiya Humanitarian Battalion boasts on its website that it provided funds to buy a pair of binoculars used by rebels in eastern Ukraine to spot and destroy an armored vehicle. Another …
Continue Reading about Russian Groups Crowdfund the War in Ukraine
S&P Downgrades Greece. Warns of Likely Default Within 12 Months
"S&P just downgraded Greece. 'We have lowered our long-term sovereign credit rating on Greece to 'CCC' from 'CCC+' to reflect our opinion that in the absence of an agreement between Greece and …
Continue Reading about S&P Downgrades Greece. Warns of Likely Default Within 12 Months
Africa creates TFTA – Cape to Cairo free-trade zone
"Africa's largest free-trade zone is to be created, covering 26 countries in an area from Cape Town in the south to Cairo in the north. The deal, signed in Egypt, is intended to ease the movement of …
Continue Reading about Africa creates TFTA – Cape to Cairo free-trade zone
Iran hopes to begin Russia oil-for-goods exports this week
"Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations …
Continue Reading about Iran hopes to begin Russia oil-for-goods exports this week
Tanzania awards $9bn railway construction to Chinese firms
"Tanzania has awarded contracts to build new railway lines worth about $9 billion to Chinese firms, its transport minister said, expanding Beijing's presence in East Africa's second-biggest …
Continue Reading about Tanzania awards $9bn railway construction to Chinese firms