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Latest Articles: Business/Finance
Microsoft teams up with Baidu and Xiaomi in China
Post Date: 2015-09-26 23:02:32 by Tatarewicz
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Want... US tech giant Microsoft announced on Sept. 24 a partnership with Chinese search engine Baidu which will see Baidu set as the default search engine and home page for internet users in China who are using Microsoft's Edge browser, our Chinese-language sister paper China Times reports. The deal came after Chinese president Xi Jinping's meeting with US tech business leaders in Seattle on Sept. 23. Under the deal, Baidu will help boost the number of Windows users upgrading to the latest version of the operating system by providing a "Windows 10 Express" install option for its 600 million active users. Although Microsoft has stated that it won't give up its own ...
Forget the New World Order, Here’s Who Really Runs the World
Post Date: 2015-09-26 06:54:21 by Ada
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(ANTIMEDIA) For decades, extreme ideologies on both the left and the right have clashed over the conspiratorial concept of a shadowy secret government pulling the strings on the world’s heads of state and captains of industry. The phrase New World Order is largely derided as a sophomoric conspiracy theory entertained by minds that lack the sophistication necessary to understand the nuances of geopolitics. But it turns out the core idea — one of deep and overarching collusion between Wall Street and government with a globalist agenda — is operational in what a number of insiders call the “Deep State.” In the past couple of years, the term has gained traction across ...
Norway lowers key rate on oil price drag
Post Date: 2015-09-24 07:59:29 by Tatarewicz
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OSLO, Norway, Sept. 24 (UPI) -- Growth in the Norwegian economy is expected to be suppressed for the medium term because of the low price of crude oil, the country's central bank said. Norge Bank, the country's central bank, said a weakened value of its currency, the krone, could make exports more attractive, though the overall economy is expected to falter and unemployment is projected to rise. "Growth in the Norwegian economy is likely to remain low for a longer period than projected earlier owing to the fall in oil prices through summer," the bank said in a statement. "Oil investment is expected to fall to a further extent than projected in June, and lower ...
Iran, China sign major electricity deal
Post Date: 2015-09-24 06:16:55 by Tatarewicz
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China has signed a major strategic agreement with Iran based on which it will provide funds for Iran to develop electricity projects. The agreement was signed between Iran Power and Water Equipment and Services Export Company (SUNIR) and China’s Shandong Electric Power Corporation (SEPCOIII) on Tuesday. Details of the agreement are not known. Nevertheless, officials say a key theme in SUNIR-SEPCOIII agreement will be the exclusivity right for the Iranian side to deliver electrical goods, equipment, and services to over a dozen Asian and African countries for a period of five years. The target countries include Iraq, the UAE, Turkey, Afghanistan, Azerbaijan, Syria, Oman, Lebanon, ...
Jeremy Corbyn's Economic Vision
Post Date: 2015-09-24 05:15:39 by Stephen Lendman
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Jeremy Corbyn’s Economic Vision by Stephen Lendman America, Israel and Britain are the developed world’s most unequal countries. Wealth disparity in all three are extreme and widening - government-sponsored hellishness for their ordinary citizens, finding it increasingly harder to get by on stagnating low incomes, reduced benefits and rising cost of food, shelter, healthcare and other essentials. Western governments overall are dismissive of their needs - serving monied interests exclusively at the expense of popular ones, heading their nations for societies unfit to live in, a prescription for dystopian hell. Corbyn’s economic vision is polar opposite, promoting equity, ...
Iran, China sign maritime industries development agreement
Post Date: 2015-09-23 06:16:37 by Tatarewicz
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PressTV... Iran and China have signed an agreement to boost the two countries’ cooperation in development of maritime industries and facilities. The agreement was signed by Iran's Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh, and Chairman of China Communications Construction Company (CCCC) Liu Qitao in Iranian capital, Tehran, on Tuesday. Speaking during the signing ceremony, Nematzadeh noted that Iran and China have many cultural, political, historical and economic commonalities in addition to common interests. “The policy of the Iranian administration is to expand relations with other countries in all fields, especially in the field of economy,” ...
Silver Hits 3-Week High Ahead of FOMC Decision, David Morgan Comments | Kitco News
Post Date: 2015-09-22 18:03:16 by BTP Holdings
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Silver Hits 3-Week High Ahead of FOMC Decision, David Morgan Comments | Kitco News December silver futures prices closed near the session high and hit a three-week high today, but one silver guru is remaining cautious. ‘One day does not make a market,’ said David Morgan, editor of the popular newsletter, silver-investor.com. ‘Will it fall through or not? I think it depends on how the Fed’s action or inaction tomorrow manifests in the marketplace,’ Morgan said in an interview with Kitco News. He added that he does not think the U.S. Fed will act this month. December silver futures jumped over 4% on Wednesday, with prices last up $0.559 at $14.89 an ounce. The ...
VW ‘Endlessly Sorry,’ Plus Poisoned Peanuts & Prison Time
Post Date: 2015-09-22 17:56:39 by BTP Holdings
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VW ‘Endlessly Sorry,’ Plus Poisoned Peanuts & Prison Time Posted on September 22, 2015 by Brad Hoppmann If I were to ask you what the most important component in any successful relationship is, there’s a good chance you would say "trust." When you trust a person, an organization or a company, you have accepted that they are representing the facts as they are. You’ve also integrated that acceptance into your thought matrix, and this allows you to base decisions on what you perceive to be true premises. Trust is paramount to functioning relationships, both personal and business. So, when a trust is breached — and especially if a trust is breached ...
Greetings From Sao Paulo!
Post Date: 2015-09-22 17:39:00 by BTP Holdings
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Our conception for years was that Brazil might be the new United States. It had a large population. Strong economic growth. Natural resources. Maturing financial markets. Attractive women. It seemed a good long-term macro bet, like India or China. But “I was once told,” explained Jim Rickards last night, “that Brazil is the land of the future… and it always will be. Investing there is like a siren’s song.” We decided to verify that ourselves. We arrived just in time, too… “BREAKING: Brazil Real Drops to Record Low Against the U.S. Dollar,” reported Bloomberg this morning. “Brazil’s real fell to its lowest level since its ...
Citibank Calls for Helicopter Money Drops across Globe
Post Date: 2015-09-21 17:07:55 by BTP Holdings
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Citibank Calls for Helicopter Money Drops across Globe Global Recession A quietly panicking Janet Yellen and the Federal Open Market Committee (FOMC) decided the U.S. economy still isn’t ready for an interest rate hike last week and left the Fed funds rate at essentially zero – the same level to which the Fed’s credibility has now sunk. After incessantly hyping the notion an economic recovery would allow the “normalization” of interest rates, the decision not to act suggests the economy is much weaker than they have attempted to persuade us. And it may be getting worse. Injecting monetary stimulus is easy – any old fool can do it. Removing the ...
Iran vows to double oil exports after sanctions lifted
Post Date: 2015-09-20 03:09:26 by Tatarewicz
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PressTV... Iran says it will increase its oil exports to almost double the current levels after sanctions against the country are lifted. Iran says it will increase its oil exports to almost double the current levels after sanctions against the country are lifted. Iran said on Sunday that it has serious plans to increase its oil exports to almost double the current levels after sanctions against the country are lifted. Mansour Moazami, Iran’s deputy petroleum minister for planning and supervision affairs, has been quoted by the media as saying that Iran’s oil exports would reach 2.3 million barrels, compared with around 1.2 million barrels a day today. “We are like a ...
Indonesia, China sign new deals after high-speed rail bid rejected
Post Date: 2015-09-20 00:25:14 by Tatarewicz
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Want... China's infrastructure investment in Indonesia has not stopped, despite the failure of Beijing's bid for a high-speed rail construction project in the country, evidenced by the fact that the two countries have signed a memorandum of understanding on power station construction and electricity cooperation. Shen Danyang, a spokesperson for China's Ministry of Commerce, announced the new deals Wednesday and said the Chinese side felt sorry that its high-speed rail bid was rejected. The Indonesian government announced earlier this month that it had decided to reject proposals from both China and Japan to build a high-speed rail connecting Jakarta and Bandung because the ...
Fed FAILS to raise rates: What it means
Post Date: 2015-09-19 11:49:12 by BTP Holdings
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Just after 2:00 PM today, the Federal Reserve announced that it will NOT raise interest rates at this time. In its statement, the Fed said that it will wait to see further strengthening in the economy, leaving many to speculate that it may still raise rates later this year. All over TV right now, pundits are pontificating on what this means. Will investors lose confidence due to the Fed’s failure to act? Or will they be emboldened by the specter of several more months of zero percent rates? The good news is, we don’t have to know the unknowable. We already have all the information we need to go for life-changing profits — not just now, but all the way through 2020. We know ...
The Coming Financial Crisis May Cause a 90% Stock Market Drop And 50% Unemployment . . .
Post Date: 2015-09-19 11:46:42 by BTP Holdings
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A noted economist and New York Times best-selling author has issued a dire warning for all Americans: The stock market chaos we saw last week is just getting started, and the worst is yet to come. Citing clear evidence that the stock market is only being supported by massive government stimulus, Bob Wiedemer says that when the Federal Reserve is forced to raise rates, “the medicine becomes the poison” and we will see massive inflation — and as much as a 90% drop in the stock markets. Fortunately, Wiedemer also says that there are some simple steps you can take right now to protect your family from the crippling times that lie ahead. During a special broadcast, Wiedemer ...
Yale's Shiller: Markets Will Never Shake 'Fraud and Fools'
Post Date: 2015-09-19 11:43:15 by BTP Holdings
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Yale's Shiller: Markets Will Never Shake 'Fraud and Fools' Image: Yale's Shiller: Markets Will Never Shake 'Fraud and Fools' Nobel laureate economist Robert Shiller of Yale University By FJ McGuire | Friday, 18 Sep 2015 08:06 AM Nobel laureate economist Robert Shiller of Yale University warns that much like a carnival runway, the financial world will never be rid of “fraud and fools” since free markets creative incentives for businesses to "phish,” or sell bad products or peddle misinformation to customers. “Free markets have generated unprecedented prosperity for individuals and societies alike. But, because we can be manipulated or ...
Near Zero Percent Federal Funds Rate Since December 2008
Post Date: 2015-09-18 12:14:55 by Stephen Lendman
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Near Zero Percent US Federal Funds Rate Since December 2008 by Stephen Lendman Low rates benefit investors at the expense of savers, retirees and pensioners without paychecks needing income especially harmed. At near zero percent for nearly seven years, virtually none is forthcoming for most people. Weeks of debate over whether a long overdue rate hike was forthcoming ended Friday when the Fed again left rates unchanged - the usual boilerplate given as reasons, “reaffirm(ing) its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate.” All Federal Open Market Committee (FOMC) members agreed except Jeffrey Lacker - urging a 25 basis ...
Global banking giants join forces to make bitcoin technology mainstream
Post Date: 2015-09-17 01:47:17 by Tatarewicz
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RT...Nine of the world’s largest investment banks including JP Morgan and Goldman Sachs have partnered with New York-based tech startup R3CEV. The firms are looking to develop common standards using the same technology behind bitcoin. The “blockchain” technology R3CEV is working on underpins the internet-based bitcoin currency. The controversial “cryptocurrency” doesn’t have a central authority – its security comes from the network of all bitcoin users who share the same protocols, which together act as a distributed ledger to keep track of every transaction. Not having a central authority means that an internet-wide catastrophe would have to occur in ...
Russia may have its own virtual currency in 2016
Post Date: 2015-09-17 01:43:47 by Tatarewicz
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RT... The Russian QIWI payment system wants to enter the $3.8 billion virtual currency market by introducing the first national crypto-currency. However, Russian authorities are concerned that the ‘bit-ruble’ could be used for money laundering and bankrolling of terrorism. The launch is scheduled for 2016, but to do that QIWI needs several million dollars, CEO Sergey Solonin told Russian business daily Kommersant. The company is likely to face trouble from the Russian authorities. Only the Central Bank has the right to print money in Russia, and it will be impossible to launch the crypto-currency without its approval. #Bitcoin mining market leader raises $20mn as first Russian ...
Beijing still has the tools to maintain financial stability
Post Date: 2015-09-16 01:47:00 by Tatarewicz
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Want... Capital outflow from China seems to be accelerating, judging from the 249.1 billion yuan (US$39.1 billion) drop in July in the net amount of foreign exchange funds held at Chinese banks and the US$93.93 billion decline in the country's foreign exchange reserves in August. The two figures represented the biggest single-month drop in the country's history. Heavy selling of the renminbi by individuals and enterprises has been blamed for the decrease amid an economic slowdown and strong hints of an imminent interest rate hike by the US Federal Reserve. In an effort to stem the selling, the People's Bank of China has issued a statement saying that there is no reason for ...
New Laws Seizing 'Total Control Over the Finances of Every Single American'
Post Date: 2015-09-15 16:36:58 by BTP Holdings
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New Laws Seizing 'Total Control Over the Finances of Every Single American' U.S. Government Waging "War on Cash"... Cash Soon to Be Outlawed? At Least 1 Nation Moving in that Direction... What You Can Do to Prepare... The U.S. government views cash – paper currency and coins – as an enemy. How else to explain their ongoing "War on Cash"? Recently, FBI agents raided a convenience store and took $107,702 right from the owner's bank account. His alleged "crime"? Making two cash deposits of $11,400 in 24 hours. This isn't an isolated case. The FBI has already extensively used civil asset forfeiture laws to seize cash from Americans. ...
In 48 Hours, Massive Wall Street Carnage, Here's Why
Post Date: 2015-09-14 17:16:58 by BTP Holdings
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I've been warning my readers this day would come. And now it's closer than ever. In just 48 hours, the financial markets will be rocked by the biggest bursting bubble in modern history. A bubble that is 15 times larger than the dot-com bubble ... 4 times larger than the real estate bubble ... and 107 times bigger than the bailouts of 2008! And when this bubble bursts, it will usher in the wholesale destruction of American wealth. Millions of unprepared investors will see their life's work vanish before their eyes. But you don't have to be one of them ... as long as you take action right now, before it's too late. That's why I urge you to take a quick minute and ...
Apple Phones, Failing Loans, Fed, China: What Drives Markets Next?
Post Date: 2015-09-14 17:12:57 by BTP Holdings
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Apple Phones, Failing Loans, Fed, China: What Drives Markets Next? Mike Larson | Monday, September 14, 2015 at 4:20 pm It’s a Super Bowl week in the markets, with so much on the line ahead of the Federal Reserve meeting. But between now and then, we’re seeing an interesting battle shaping up for the markets. On the one hand, you have Apple Inc. (AAPL) claiming it generated strong pre-orders for its new iPhone 6S models. The phones don’t actually ship until Sept. 25. But Apple said it’s on pace to top the 10-million-unit rate of initial weekend sales for its original iPhone 6 and 6 Plus models. The company rolled the 6S models out last week at a San Francisco event, ...
Railway industry seen as China's next major economic driver
Post Date: 2015-09-13 06:16:15 by Tatarewicz
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Want... Urban development and the development of city clusters bolstered by the construction of high-speed railway and subway lines is expected to lay the foundation for a second economic take off in China, reports the Shanghai-based China Business News, citing a transportation official. Construction of railway systems will play an even bigger role than the property market in China's economy as the country will need to build more than the 6,000 kilometers of rail networks under its 12th Five Year Economic Development Plan, said Wang Ming, director of the Institute of Comprehensive Transportation under the National Development and Reform Commission (NDRC). To date, 39 cities around ...
Three Possible Outcomes in My Fed “Probability Cloud”
Post Date: 2015-09-12 11:57:52 by BTP Holdings
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Three Possible Outcomes in My Fed “Probability Cloud” By Jim Rickards Jim RickardsMarkets eagerly awaited the August U.S. employment report that came out on Friday, Sept. 4. This was the last important piece of economic data to be revealed before the Federal Reserve’s FOMC interest rate policy meeting on Sept. 17. It has been widely anticipated that the Fed would finally raise interest rates at that meeting for the first time in over nine years -- the so-called “liftoff.” But the liftoff is surrounded by a contentious debate. Powerful voices such as former Treasury Secretary Larry Summers, and IMF Chief Christine Lagarde have been warning Fed Chair Janet ...
Oil falls as glut pushes Goldman to cut price forecasts
Post Date: 2015-09-12 05:13:04 by Tatarewicz
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New York (AFP) - The oil market sank Friday as Goldman Sachs slashed its price forecasts for next year in the face of a larger glut than it originally expected. Related Stories Oil ends down about 2 percent as Goldman Sachs cuts price forecast Reuters Oil prices could sink to $20 a barrel, warns Goldman MarketWatch US shale drillers face squeeze from Saudi oil policy AFP Oil stages modest rebound after mixed US petroleum data AFP Oil prices leap 8% on lower US output, OPEC signal AFP Mighty Millions Lottery is here! Mighty Millions Home Lottery Sponsored US benchmark West Texas Intermediate (WTI) for October fell $1.29 to $44.63 a barrel on the New York Mercantile Exchange, after ...
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