A showdown between Western leaders and Russian President Vladimir Putin is likely at the G20 summit in Australia starting on Saturday, following fresh reports of Russian troops pouring into eastern Ukraine. Ukraine has accused Russia of sending soldiers and weapons to help separatist rebels in eastern Ukraine launch a new offensive in a conflict that […]
LATEST NEWS : PRECIOUS-Gold up for third day on softer dollar, geopolitical tension
SINGAPORE, Aug 28 (Reuters) – Gold rose for the third straight day on Thursday as the euro regained strength against the U.S. dollar and tensions between Ukraine and Russia burnished the metal’s safe haven appeal. FUNDAMENTALS * Gold added $1.46 an ounce to $1,283.91 by 0026 GMT, moving away from a two-month low of $1,273.06 […]
LATEST NEWS : We Are So Not Prepared For Another Oil Shock
In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble. But the cost of energy can still play a role in the timing and shape of the next financial crisis. The housing/derivatives bubble […]
China's top paper says United States wants regime change in Syria
“The United States and its allies are gearing up for a probable military strike against Syria that could come within days and would be the most aggressive action by Western powers in the Middle Eastern nation’s two-and-a-half-year civil war. Western envoys have told the Syrian opposition to expect a military response soon against President Bashar […]
U.S. issues global travel alert, cites al Qaeda threat
“(Reuters) – The United States issued a worldwide travel alert on Friday warning Americans that al Qaeda may be planning attacks in August, particularly in the Middle East and North Africa. The State Department travel alert was based on the same intelligence that prompted it to close 21 U.S. embassies and consulates on Sunday, August […]