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China’s ‘One Belt, One Road’ is threat to US in Latin America – US commander

By ethan / February 17, 2018

Beijing’s decision to extend its ambitious multitrillion-dollar trade initiative to Latin America creates “security vulnerabilities” for the United States, said the chief of the US Southern Command (SOUTHCOM), Kurt Tidd. Read more Talking at a Senate Armed Services Committee meeting, he said China has already pledged $ 500 billion in trade funds with various Latin […]

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No chance of cryptocurrencies replacing fiat money – JPMorgan

By ethan / February 17, 2018

Virtual coins fail to meet the major criteria of currency, according to JPMorgan Chase, which has called them a bad store of value and a bad form of money. It may make sense for some investors to include digital currencies in their portfolios as a hedge, the bank said in a wide-ranging note to clients. […]

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Watch first commercial LNG tanker cross Russia's Arctic route without icebreaker escort (TIMELAPSE)

By ethan / February 17, 2018

The liquefied natural gas (LNG) carrier ‘Eduard Toll’ has become the first commercial ship to travel the Arctic’s northern sea route in winter. The 300-meter-long vessel set out from South Korea in December for Sabetta terminal in northern Russia, cutting through 1.8-meter-thick ice. The tanker, which is owned by Teekay shipping company, completed the route […]

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US rejects ‘Communist Chinese’ takeover of Chicago Stock Exchange

By ethan / February 16, 2018

The top US regulator of the financial markets has blocked the sale of the Chicago Stock Exchange (CHX) to a Chinese-led investor group due to concerns over the would-be buyers’ ability to supervise the bourse after the deal. Read more “The review process has also raised questions about whether the proposed ownership structure will allow […]

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Maduro says ‘illegal’ embargo of Venezuelan oil won’t do America any good

By ethan / February 16, 2018

Venezuelan President Nicolas Maduro has warned the White House against imposing a ban on oil imports from the Latin American country. Oil exports to the US are crucial for Venezuela’s depleted budget. Read more “The oil embargo would be one of the biggest mistakes in international politics that Donald Trump would commit,” Maduro posted on […]

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Florida massacre sparks brief rally in gun stocks amid downward trend

By ethan / February 16, 2018

American Outdoor Brands, the company which makes the AR-15 semi-automatic rifle, saw its shares rise by 1.49 percent in the aftermath of the Florida school shooting that killed 17 people and injured a dozen Wednesday. While gun and ammunition maker stocks typically rise in the wake of a major shooting incident in the US, in […]

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Soros accuses Facebook & Google of manipulation and deceit

By ethan / February 16, 2018

Billionaire investor George Soros says social media companies, particularly Facebook and Google, are becoming “obstacles to innovation” as they have become too powerful and should be broken up. Read more While often playing an “innovative and liberating role,” the companies are deceiving users “by manipulating their attention” and “deliberately engineering addiction” to their services, Soros […]

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Resurgent litecoin leads cryptocurrency market comeback

By ethan / February 15, 2018

One of bitcoin’s main rivals, litecoin, has surged by nearly 40 percent in value this month, giving the crypto market hope for recovery after January’s collapse. The world’s fifth most valuable digital currency by market capitalization is currently up 54 percent against last week. Litecoin has appreciated by 112.27 percent from the February 6 low […]

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Soros brands bitcoin 'nest egg for dictators,' but still invests in it

By ethan / February 15, 2018

Billionaire investor George Soros has recently criticized bitcoin, but it seems he’s not against investing in it himself. The tycoon’s fund has bought shares in cryptocurrency company Overstock. Soros Fund Management held 2,472,188 shares in Overstock at the end of the fourth quarter of 2017, making the businessman the third-largest shareholder, CNBC reports, quoting regulatory […]

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Poland plans to end dependence on Russian energy with own Baltic pipeline – report

By ethan / February 15, 2018

In an attempt to cut its reliance on Russian natural gas, Poland has decided to build a pipeline through the Baltic Sea as an alternative to Nord Stream, reports German newspaper Frankfurter Allgemeine Zeitung. The project, called Baltic Pipe, was proposed by Polish right-wing populist party ‘Law and Justice,’ and will reportedly move the gas […]

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