LATEST NEWS : Ukraine and Russia take center stage as leaders gather for G20

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 […]

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LATEST NEWS : White House shifts into crisis mode on Ebola response

Rising public anxiety about the Ebola virus has forced the White House to shift into crisis mode and cancel two days of planned political events as President Barack Obama strives to show he has control over stopping the spread of the deadly disease. continue reading at reuters.com

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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 […]

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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 […]

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Iran Agrees to Deal With Powers to Curb Nuclear Work

Iran’s accord with world powers to limit its nuclear program in exchange for as much as $7 billion in relief from sanctions left Presidents Barack Obama and Hassan Rouhani the task of selling the deal to critics. By agreeing to curtail its nuclear activities, Iran won an easing of certain sanctions on oil, auto parts, gold and precious metals […]

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Putin topples Obama as world’s most powerful man

Russian President Vladimir Putin has been named the most powerful person in the world by Forbes magazine. The Russian leader moves from third in 2012 to first in this year’s rankings, while US President Barack Obama drops to second place, according to the US business magazine published on Wednesday.   continue reading at thebricspost.com

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Investors yank record $20 billion from ETFs

“Investors yanked more than $20 billion out of exchange-traded funds in August, according to Morningstar. That’s the largest monthly outflow since the first ETF launched 20 years ago. Although stocks have been surging for most of the year, August was the worst month of 2013. Stocks fell as traders worried about the potential impact of […]

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No Progress from G-20 Leaders

“In the end, even a meeting between Barack Obama and Vladimir Putin failed to deliver results. Participants at the G-20 summit in St. Petersburg couldn’t manage to find a common position on Syria. The American president demanded that punitive action be taken against Syria, but his Russian counterpart stood between Obama and his allies. Now […]

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Obama-Putin Rift Over Syria Widens as G-20 Summit Starts

“The diplomatic dialogue between Barack Obama and Vladimir Putin has featured the U.S. president comparing Putin to a bored schoolboy and the Russian leader forcing an irritated Obama to wait a half-hour for a meeting. And that was before warships from the two nations drew near in the Eastern Mediterranean amid a widening rift over […]

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China backs Russia over Syria at G20 summit

“The rift over Syria could overshadow a summit of the Group of 20 (G20) developed and developing economies in St. Petersburg at which global leaders want to forge a united front on growth, trade, banking transparency and fighting tax evasion. The club that accounts for two thirds of the world’s population and 90 percent of […]

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