28 Jun 2015

Greek debt crisis: Banks to stay shut, capital controls imposed

“Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras says. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Mr Tsipras said Greek deposits were safe.” Source: Greek debt crisis: Banks to stay shut, capital

0 Read More
26 Jun 2015

Chinese shares tumble more than 7% amid Asian losses

“Mainland Chinese shares plunged on Friday as investors began to show concern about another wave of new listings absorbing liquidity in the market. The Shanghai Composite closed down 7.4% at 4,192.87 points. However, shares of Guotai Junan Securities – China’s third-largest brokerage – jumped 44% on its debut after raising

0 Read More
26 Jun 2015

Putin’s Economic Solution: Military Spending

“Greek Prime Minister Alexis Tsipras, whose country is fighting to stave off financial collapse, was a guest of honor at Vladimir Putin’s annual investment showcase, on June 18-20, along with top officials from China and Myanmar. The event in Putin’s hometown of St. Petersburg drew top European oil executives, such

0 Read More
25 Jun 2015

France, Saudi Arabia Announce $12B in Deals

“France said it would look into building two nuclear reactors in Saudi Arabia, which is part of some $12 billion (€10.7 billion) in deals announced Wednesday with the conservative kingdom.” Source: France, Saudi Arabia Announce $12B in Deals

0 Read More
23 Jun 2015

No Sequestration ‘Pretty Certain,’ Work Says

“The number two man at the Pentagon believes a budget deal will be reached to avoid sequestration levels of funding, good news to those in the defense industry who are nervously tracking the budget debate in Washington.” Source: No Sequestration ‘Pretty Certain,’ Work Says

0 Read More
23 Jun 2015

Nigeria treasury ‘virtually empty’ says angry Buhari

“Nigeria’s President Muhammadu Buhari on Monday slammed the state of the country’s finances, claiming his predecessor had left Africa’s biggest economy deep in debt and the treasury ‘virtually empty’.” Source: Nigeria treasury ‘virtually empty’ says angry Buhari – Yahoo News

0 Read More
23 Jun 2015

Greek debt crisis: Eurozone leaders hopeful of deal

“Eurozone leaders have broadly welcomed new proposals for Greek reforms amid hopes a deal can be struck within days to stop Greece defaulting on its debt.” Source: Greek debt crisis: Eurozone leaders hopeful of deal – BBC News

0 Read More
21 Jun 2015

Greece debt crisis: Bank boss says ‘insane’ not to reach deal

“The head of Greece’s biggest bank has said it would be ‘insane’ not to reach an agreement at emergency talks on Monday on the country’s debt crisis. Greek Prime Minister Alexis Tsipras will meet the leaders of the 18 other eurozone nations at a Brussels summit.” Source: Greece debt crisis:

0 Read More
17 Jun 2015

Venezuela to Get $5 Billion in Funding From China in Next Few Months: PDVSA Official

“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 Billion in Funding From China in Next Few Months: PDVSA Official – The New York Times

0 Read More
15 Jun 2015

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: Saudi Arabia opens $585 bln stock market to foreign investors – FINANCE

0 Read More