Finance and Economy
Acting as a Saudi Arabia’s middleman, Kuwait has presented a 13-point list to Qatar in order to end the diplomatic crisis. But the demands are insanely extreme that if Qatar agrees, it would be as good as surrendering the small kingdom’s sovereignty to the big bully Saudi. Perhaps that’s what Saudi tries to do – […]
... written on Jun 23 2017Forbes has just released its compilation of the richest person in every state of the United States of America. The U.S. has more billionaires than any other country in the world, at least that was what Forbes claims. China would, of course, dispute this claim as a different study showed the Middle Kingdom of China […]
... written on Jun 22 2017As predicted by technical charts, oil is toast, as the crude sank more than 2% on Tuesday. West Texas Intermediate (WTI) crude oil futures ended Tuesday’s session at US$43.23, down 97 cents, the weakest settlement since Sept. 16. At US$43 a barrel, that would be its 9-month closing low, not to mention the lowest of the year […]
... written on Jun 21 2017With the price of West Texas Intermediate (WTI) crude trading at below US$45 a barrel, OPEC has gone bonkers all over the Middle East. That’s because the oil is less than two bucks away from US$42, a very critical support level. The commodity had tried breaching that level slightly more than a month ago on […]
... written on Jun 15 2017For the fifth year running, Singapore’s Changi Airport has emerged as the world’s best airport. The Changi has been so good in winning the crown that none of its neighbours in the Southeast Asian (ASEAN) region could give the Singapore airport a run for its money. The nearest competitor – Kuala Lumpur International Airport (KLIA) […]
... written on Jun 14 2017American drivers are set to reap unexpected savings for the summer vacation – cheaper gas. On Wednesday, oil made a huge plunge after a report indicated that supply was outpacing demand. The price of West Texas Intermediate (WTI) crude, considered the U.S. benchmark, fell 5%, or US$2.47 a barrel, to US$45.72, mirroring a similar plunge […]
... written on Jun 08 2017When two rich spoilt brats have nothing better to do, they will start fighting over lamest thing, such as who has the most friends or who has the most beautiful girlfriend. In the case of oil-rich Saudi Arabia, who had just rewarded anti-Muslim Trump with US$350 billion deals to buy U.S.’ friendship, they couldn’t wait […]
... written on Jun 07 2017All hell breaks loose when President Donald Trump announced the United States is withdrawing from the Paris Climate Agreement, one of former President Barack Obama’s remaining legacies. Almost immediately, Obama slams Trump, arguing that it is America’s loss, not other nations, for pulling out of the agreement. Mr. Trump’s decision to abandon the landmark […]
... written on Jun 03 2017Venezuela is right now in utter bankruptcy. Former Venezuelan President Hugo Chavez’s vision of socialism – sharing of wealth – didn’t work. It’s rather strange that a country that controls the world’s largest oil reserve couldn’t feed its own people so much so that the Venezuela people have turned to eating pets and trash. About […]
... written on Jun 02 2017China’s Cybersecurity Law comes into effect on June 1 – that’s today. If you hadn’t a clue about this new law, you’re not alone. Tons of business and finance people didn’t know too, either wasn’t being informed or simply don’t care. In fact, experts are as confused as the Chinese authorities who have little information […]
... written on Jun 01 2017
