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Latest Articles: Business/Finance
Russia's Skolkovo Foundation, ChinaÂ’s Cybernaut Set Up $200Mln Venture Fund
Post Date: 2015-04-21 04:22:12 by Tatarewicz
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Sputnik... Russia’s Skolkovo Foundation and Chinese Cybernaut Investment Group signed a deal setting up a joint venture fund worth $200 million, the companies stated in a joint press release. BEIJING (Sputnik) – The agreement aims to create a joint Russian-Chinese business incubator, center for robotics and venture fund. Under the agreement, at least 15 Skolkovo resident companies will have access to the business incubator, which would deal with research and development. The Russian-Chinese venture fund will focus on companies from IT field and robotics, as well as space technologies and telecommunications, the statement said. Optogard Nanotech blazes a trail for #Skolkovo in ...
China's leading internet firms scramble to establish colleges
Post Date: 2015-04-20 19:50:04 by Tatarewicz
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Want... Backed by their strong financial resources, a number of leading internet firms in China, including Alibaba and Jingdong Mall, have set up colleges to cultivate talent to support their development and foster startups. These could become their new business sources, reports the Guangzhou-based Southern Weekly. Alibaba has established Lakeside University on the site of a former club owned by founder Jack Ma in Hangzhou. With Ma as president, more than 30 people have enrolled for the university's first class. Ma doubles as a lecturer, teaching a course on the lessons of failure, mainly for startup founders. Liu Qiangdong, founder of Jingdong Mall, also serves as president of ...
Taiwan may join AIIB as an economy: Chinese official
Post Date: 2015-04-20 00:47:55 by Tatarewicz
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Want... Taiwan may become a new member of the China-led Asian Infrastructure Investment Bank (AIIB) as an economy despite being unable to become a founding member, a senior Chinese official was reported as saying Friday in the United States. As an economy, Taiwan cannot become a founding member of the AIIB, but "there is a possibility for Taiwan to join the bank as a new member," said Zhu Guangyao, China's vice finance minister. Zhu spoke during a question-and-answer session after giving a speech at the Atlantic Council, a think tank based in Washington DC, according to foreign media reports. He said the two sides of the Taiwan Strait are currently discussing the name to ...
Japan declined China's offer of a top AIIB position
Post Date: 2015-04-19 18:50:49 by Tatarewicz
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Want... Beijing had offered Japan a position as top-ranking vice-president at the China-backed Asia Infrastructure Investment Bank (AIIB) but Japan declined the offer and chose to align with the US instead, Japan's Nikkei reported on April 15. Sources also reveal that Germany has asked Japan to join the AIIB, but Japan's government spokesman has refuted the statement. Jin Liqun, China's former deputy finance minister and the interim head of AIIB, reportedly spoke with Takehiko Nakao, president of Asian Development Bank (ADB), at the Diaoyutai State Guest House in Beijing. Jin expressed China wish for Japan to join the AIIB and that he was willing to explain this in person to ...
Merkel says free trade zone with Russia possible
Post Date: 2015-04-19 01:17:57 by Tatarewicz
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rt...German Chancellor Angela Merkel believes that a free trade zone with Russia is possible in the future, despite the current political tensions with the West. “In the long view it is possible to create a large free trade zone, including with Russia,” Merkel said at Friday’s economic forum in Stralsund. “Step by step we do everything possible to create a common economic area – as Russian President Vladimir Putin once said – from Vladivostok to Lisbon.” The existing problems in relations between Russia and Germany should be solved with the help of diplomatic discussion, said Merkel, as quoted by Deutsche Welle. She added that the implementation of Minsk ...
AIIB may use US dollar as currency of settlement: think tank
Post Date: 2015-04-17 17:00:25 by Tatarewicz
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Want... The Chinese government will push for the yuan to become one of the denominations and settlement currencies for the China-led Asian Infrastructure Investment Bank (AIIB), reports Hong Kong's South China Morning Post. Beijing will also call for the AIIB and the Silk Road Fund to establish special currency funds and issue yuan-denominated loans, said the sources. If the AIIB founding members cannot agree on a basket of currencies, China will allow the AIIB and Silk Road Fund to use the US dollar as a currency of settlement. It will, however, encourage the use of the renminbi as the organizations mature, said sources. The US$40 billion Silk Road Fund aims to provide investment ...
Chinese solar companies explore internet opportunities
Post Date: 2015-04-16 18:22:36 by Tatarewicz
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Want... Chinese solar power companies are exploring ways to tap into the power of the internet in operating solar power stations and raising funds for infrastructure construction, reports the Guangzhou-based 21st Century Business Herald. Ou Wenkai, a board director of Shandong-based Hangyu Solar Technology, says the internet has overhauled several industries and the explosive growth handset maker Xiaomi built on online marketing has caught the attention of the solar sector. China has installed solar power capacity totaling 28.05 gigawatts and plans to expand another 17.8 GW this year. If the target is achieved, China will surpass Germany in installed capacity, according to the report. ...
Yuan can quickly displace US dollar to become world's No. 1 reserve currency.
Post Date: 2015-04-14 00:48:56 by Tatarewicz
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Pravda.Ru China has long been advocating the inclusion of its national currency, the yuan, in the list of reserve currencies of the International Monetary Fund. Yet, the United States remains opposed to this claiming that the yuan is still not strong enough for the honor. However, many economists, including in the United States, think otherwise. Pravda.Ru tries to find out the real reasons, for which Washington does not want to see the yuan on the list of IMF reserve currencies. The dollar muzzle for Europe According to US Treasury Secretary Jack Lew, the Chinese yuan is not yet ready to be included in the basket of reserve currencies of the IMF. According to the US official, China should ...
Taiwan can't be an AIIB founding member, says China
Post Date: 2015-04-13 17:58:06 by Tatarewicz
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Want... Taiwan is unable to become one of the prospective founding members of the China-proposed Asian Infrastructure Investment Bank (AIIB), a Chinese official said Monday without giving any reasons. Ma Xiaoguang, a spokesperson for China's Taiwan Affairs Office, quoted the AIIB's Multilateral Interim Secretariat as confirming a press report that also said Taiwan could still become a member of the bank in the future. The Taiwan Affairs Office reiterated China's position that Taiwan would be welcomed to join the multilateral development institution "under an appropriate name." China believes that a way can be found for Taiwan to participate in the AIIB through ...
First foreign investors in Iran’s equity market
Post Date: 2015-04-13 03:43:24 by Tatarewicz
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PressTV... Despite sanctions, high inflation, and colorful politics, Iran’s equity market has quietly returned a compounded annual return of 18% in USD over the past decade. Moreover, to the surprise of outsiders, Iran during this time has been on a privatization bonanza; where the state once represented over 80% of GDP, it now represents less than 40% (excluding ownership of related organizations). These advancements happened in isolation, undoubtedly a better connected Iran could leave much to the imagination. Analyzing the complexity of the role of government in the economy is no easy task. Fortunately, this has been evolving though for the better, as the new administration has ...
Exceptional wealth newsletter
Post Date: 2015-04-13 00:08:11 by Tatarewicz
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Anyone come across the thousands per month scheme of partnering with oil pipeline and storage companies without buying stock or working for a company? Apparently allowed under Reagan legislation which conditionally allowed these companies to be free or corporate tax. Scheme outlined in a five dollar newsletter start-up promotion. Details at link. Funny thing is that promoter doesn't allow any form of reproduction of his copy.
Beijing wants to dig high-speed railway through Mt Everest: Times of India
Post Date: 2015-04-12 00:17:00 by Tatarewicz
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Want... China is planning to dig a tunnel under Mount Everest to build a high-speed railway line linking Tibet and Nepal, according to the Times of India. Previously Beijing proposed extending the Qinghai-Lhasa railway to Nepalese border without a tunnel. The railway has now been extended to Shigatze, the second largest city of Tibet which is close to China's border with Nepal. The tunnel will be very long since the high-speed rail line has to pass through Everest, said railway expert Wang Mengshu cited by the paper, which added that the line to the China-Nepal border will boost trade and tourism. The extension may be Beijing's attempt to make a short cut into the Indian market ...
Snowflake Alert
Post Date: 2015-04-11 12:43:26 by BTP Holdings
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It’s getting too warm to talk about snowflakes. And yet there’s a new snowflake to alert you to… If you’re new and haven’t a clue what we’re talking about, our colleague Jim Rickards has been cautioning us since last October not to “look for snowflakes” but to “watch out for the avalanche.” As you probably recall, Mr. Rickards anticipates a financial crisis worse than 2008. The possible catalysts are many, but the outcome is certain. The analogy he makes in his book The Death of Money is to an avalanche: “The climbers and skiers at risk can never know when an avalanche will start or which snowflake will cause it.” Still, ...
“Supersize Your Retirement!”
Post Date: 2015-04-11 12:14:08 by BTP Holdings
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Retirement Expert discovers how to “Supersize Your Retirement!” And it’s helping to make some investors very rich ... •984% real-time market return since May 2013 •A remarkable 85% win-rate •And an additional $17,760 a year in extra income Whether you’re already retired, planning to retire soon, or still decades away from retiring, you could “Supersize” any portfolio today into a million-dollar nest egg! Brad Hoppman Hi, Brad Hoppmann here, Publisher of Uncommon Wisdom Daily. Unfortunately, when it comes to retirement the majority of Americans are left wondering how they’re ever going to afford it. In fact, some estimates now show ...
Winning the Currency Wars -- Make the Fed Pay
Post Date: 2015-04-10 17:47:57 by BTP Holdings
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Winning the Currency Wars -- Make the Fed Pay Dear 5 Min. Forecast Reader, Jim Rickards told you about the currency wars... He’s warned you that the Federal Reserve is taking "the greatest gamble in the history of finance” in waging this war... But Jim Rickards has NOT told you about this... A bold, audacious plan. Designed by Jim Rickards to help regular Americans to turn the tables. Letting you take back control of your money from the Fed... I bet you’ve never heard of anything like this before. But as the back-tested data show, it has potential to profit as much as an extraordinary 1,246% (or more) from currency wars... It’s time to make the Fed pay... ...
Japan hints at interest in AIIB, earmarking US$1.5bn
Post Date: 2015-04-08 19:38:08 by Tatarewicz
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Want... Japan has indicated that it remains interested in joining the China-proposed Asian Infrastructure Investment Bank (AIIB) with local media reporting Wednesday that the government had earmarked US$1.5 billion as its contribution. The government here has prepared a draft document on the possibility of its joining the AIIB, which is scheduled to be launched by the end of the year, with the document suggesting that Japan still has some issues pertaining to the bank's governance. But Prime Minister Shinzo Abe, according to sources close to the premier on Wednesday, is strongly considering green-lighting Japan joining the China-led initiative and is currently and further evaluating ...
Bashing Greek Prime Minister Alexis Tsipras' Moscow Visit
Post Date: 2015-04-08 09:58:30 by Stephen Lendman
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Bashing Greek Prime Minister Alexis Tsipras' Moscow Visit by Stephen Lendman Media scoundrels are relentless. So are Western officials. Tsipras arrived in Moscow Tuesday night ahead of his Wednesday meeting with "Kremlin strongman" Vladimir Putin, some reports headlined. The Wall Street Journal said he didn't come for money. He's feigning an independent streak. He's playing to the home crowd. He's faking defiance of EU/IMF creditors. So far he's saying one thing and doing another. He's business as usual masquerading as a populist leader. "Analysts say Mr. Tsipras’s trip is unlikely to yield any tangible benefits but risks augmenting the ...
Jin Liqun favorite to be named AIIB's first chief
Post Date: 2015-04-07 19:59:45 by Tatarewicz
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Want... Jin Liqun, the man Beijing hand-picked to set up the ambitious Asian Infrastructure Investment Bank (AIIB), is the hot favorite to become the bank's inaugural chief. As at the March 31 deadline, 46 nations and regions in and out of Asia have applied to be founding members of the China-led AIIB, which intends to provide finance to infrastructure projects in the Asia region. China's Ministry of Finance has already declared that the bank's headquarters will be situated in Beijing's financial district, and it is widely expected that Jin, currently the secretary-general of the AIIB's Multilateral Interim Secretariat, will be at the helm when the bank begins ...
Yawning While Yemen Burns
Post Date: 2015-04-07 18:11:36 by BTP Holdings
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“The Crisis in Yemen Intensifies as Houthi Fighters Push Deeper Into Aden,” reports Time this morning. *Yawn*... *stretch*... *sip coffee*... “Too often we get caught up in the headlines” explained Jim Rickards in this morning’s live Strategic Intelligence briefing. Your editor double-times as managing editor for Mr. Rickards in addition to our Reckoning duties. Given the media’s hoopla about happenings in the Middle East, we thought an apt topic for this month’s SI webinar with Jim was Yemen Burns: An Oil Contagion Update. The stage has been set in these pages. We’ve camped out on the sidelines, covering our eyes but peeking now and then at the ...
OPEC … Your Days are Numbered
Post Date: 2015-04-07 17:40:38 by BTP Holdings
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OPEC … Your Days are Numbered Brad Hoppmann | April 7, 2015 at 4:30 pm Crude oil jumped this week to its highest price since mid-February. Is the energy sector’s worst pain over? “Don’t count on it,” says Goldman Sachs (GS). They say oil prices can’t rise much until oil production shrinks — which will take months, maybe years. OPEC’s monopoly isn’t so valuable anymore. In fact, it isn’t even a monopoly. The sun is setting on OPEC. *** Say what you will about Goldman Sachs; they’ve been mostly right about oil prices lately. Their analysts forecasted $75 oil last October, weeks before the big drop. Goldman’s only mistake ...
8 Basic Money Lessons Everyone Should Know
Post Date: 2015-04-07 17:32:46 by BTP Holdings
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8 Basic Money Lessons Everyone Should Know By Natasha Burton March 24, 2015 1 of 9 Get Schooled Where should we learn how to handle money? School. But we don’t. Instead, what you know — or don’t know — about finances stems from a number of factors: how you were raised and what you learned from friends, financial advisors, a spouse, random Internet searches, and so on. Which leads to money habits that aren’t ideal. So we talked to the pros to find out what you should have learned in school. Here’s what they said. https://www.dailyworth.com/posts/3422-how-to-save-and-track-your-money/1#slide_carousel Poster Comment:Multiple pages to ...
Greek Prime Minister Alexis Tsipras in Moscow
Post Date: 2015-04-07 15:04:22 by Stephen Lendman
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Greek Prime Minister Alexis Tsipras in Moscow by Stephen Lendman On April 8, Tsipras and Putin will discuss boosting cooperative economic and political relations between both countries - in areas of trade, energy and possible Russian financial support helping Greece deal with its debt crisis. Putin spokesman Dmitry Peskov confirmed these and related issues will be discussed. An anonymous Kremlin source told the daily Kommersant newspaper: "We are ready to discuss the issue of providing Greece with a discount on gas: under the contract, its price is tied to the price of oil, which has dropped significantly in recent months." "We are also ready to discuss the possibility ...
Dollar Volatility Surging as Weak Jobs Data, Fed Talk Do Damage! Are YOU Ready for the Consequences?
Post Date: 2015-04-06 17:22:47 by BTP Holdings
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Dollar Volatility Surging as Weak Jobs Data, Fed Talk Do Damage! Are YOU Ready for the Consequences? Mike Larson | Monday, April 6, 2015 at 4:30 pm 3 MARKET ROUNDUP Dow +117.61 to 17,880.85 S&P 500 +13.66 to 2,080.62 Nasdaq +30.38 to 4,917.32 10-YR Yield Flat at 1.904% Gold +$14.70 to $1,215.60 Crude Oil +$2.80 to $51.94 I told you it was coming here in Money and Markets several weeks ago! Now, the Wall Street Journal is putting it right there on its digital front page: A headline that says “Dollar Sputters After Surge” and a lead paragraph that reads: “The dollar’s record rally, which rattled everything from the oil market to U.S. ...
America is REALLY being 'blessed' for supporting Israel
Post Date: 2015-04-06 12:53:56 by Neo TryingtoWarnYou
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Total US debt soars to nearly $60 trn, foreshadows new recession
America - its government, businesses, and people - are nearly $60 trillion in debt, according to the latest economic data from thethe St. Louis Federal Reserve. And private debt - not government borrowing - is the biggest reason for the huge deficit.
Total US debt at the end of the first quarter of 2014, on March 31 totaled almost $59.4 trillion - up nearly $500 billion from the end of the fourth quarter of 2013, according to the data. Total debt (the combination of government, business, mortgage, and consumer debt) was $2.2 trillion 40 years ago.
“In 50 short years, debt has gone from being a luxury for a few to a ...
Australia To Start Taxing Bank Deposits
Post Date: 2015-04-05 00:03:24 by Tatarewicz
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ZeroHedge... Up until now, the world's descent into the NIRPy twilight of fiat currency was a function of failing monetary policy around the globe as central bank after desperate central bank implemented negative and even more negative (in the case of Denmark some four times rapid succession) rates, hoping to make saving so prohibitive consumers would have no choice but to spend the fruits of their labor, or better yet, take out massive loans which they would never be able to repay. However, nobody said it was only central banks who could be the executioners of the world's saver class: governments are perfectly capable too. Such as Australia's. According to Australia's ABC ...
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