Commodities
Everyone knows the United States is becoming the biggest threat to OPEC – producing more and more oil every day. In fact, as U.S. cargoes show up more regularly in Asia, America has been quietly eating up Middle East crudes’ share market. And there’s nothing the OPEC could do as they have agreed to take […]
... written on Dec 15 2017In a sign of more trouble ahead, Saudi Arabia has secretly drafted a plan to further remove subsidies as the kingdom tries to offset the impact of its struggling economy – thanks to low crude oil prices. In spite of oil price rally recently, the latest due to a 450,000-bpd pipeline shut down in the […]
... written on Dec 13 2017Like Apple’s iPhone, China is a critical market to Starbucks. There are more than 3,000 Starbucks stores in China, with 600 in Shanghai alone. Hence, it’s only natural that the company’s second Reserve Roastery opened with a big bang in Shanghai. It’s first flagship Reserve Roastery and Tasting Room opened in its home market of […]
... written on Dec 06 2017Australia, or to be precise South Australia, is now the proud owner of the world’s biggest battery. And the lithium-ion battery has just been powered on Friday, ahead of schedule. Capable of powering 30,000 lucky Australian homes, the battery is as huge as an American football field. The hero is none other than “Ironman” Elon […]
... written on Dec 02 2017As expected, there isn’t much President Donald Trump could do to badass North Korea Kim Jong-un after the hermit kingdom blasted another ballistic missile. Mr. Kim has self-proclaimed his regime as a “nuclear state” after his latest round of demonstration – sending Hwasong-15 in a 53-minutes ride above the space, reaching a height of up […]
... written on Nov 30 2017U.S. stocks closed lower Wednesday – both Dow and S&P 500 – suffered their biggest one-day percentage drops since September. The Dow fell 138.19 points while the S&P 500 lost 14.25 points. That wasn’t too bad considering both plunges were less than 1%. But the issue here is they crashed primarily due to a sudden […]
... written on Nov 16 2017The Saudi government is aiming to confiscate cash and other assets worth as much as US$800 billion (£610 billion; RM3.38 trillion) in its massive crackdown on alleged corruption and money laundering among the kingdom’s elite – reported Wall Street Journal. Prince Alwaleed bin Talal, easily the richest among a busload of princes detained, worth close […]
... written on Nov 09 2017Prince Mohammed bin Salman, a 32-year-old son of King Salman, is a very ambitious young man. But at the same time, he’s also a very dangerous young man. His 81-year-old father desperately needs to abdicate the throne, rumoured to be in the next couple of months. The king can’t die without first officially handing over […]
... written on Nov 08 2017Reform is something very alien to Saudi Arabia. After all, until June 2018, this kingdom is still the only country in the world that does not allow its women to drive. But Crown Prince Mohammed bin Salman, a 32-year-old son of King Salman, has promised that the Kingdom of Saudi Arabia will reform. The young […]
... written on Nov 02 2017OPEC, led by Saudi Arabia, and non-OPEC partners, led by Russia, is playing a simple but risky game. They try to game the world crude oil prices by controlling how many barrels of oil the world can get. They have agreed to take 1.8-million bpd (barrel per day) of oil off the market by cutting […]
... written on Oct 30 2017
