Finance and Economy
Famed for making a cool billion US dollar by “breaking” the Bank of England in 1992, semi-retired George Soros had warned that we’re about to see something that hasn’t happened in “80 years”. He spoke about the financial apocalypse during the World Economic Forum in Davos, Switzerland in January this year. Soros made the […]
... written on Jun 10 2016Russians might love their President Vladimir Putin, who enjoyed consistently high rankings. Last year in June, Putin’s approval rate was at record-high of 89%, despite economic challenge due to tumbling currency ruble and oil price. But it’s a different story altogether with the Russian prime minister, who assumed office since 2012. When Russian Prime Minister […]
... written on Jun 09 2016Crude oil prices – both WTI and Brent – have breached US$50 a barrel, and that is good news to oil producers. West Texas Intermediate (WTI) crude futures for July were trading above US$51 per barrel for the first time since July 2015. So, what’s the big deal? Because a technical analysis shows the bull is […]
... written on Jun 09 2016Last year when the China’s State Administration of Civil Service announced they would revise Criminal Laws to include cheating in the country’s national servant exams, some laughed and thought the Chinese authorities were merely blowing hot air. The proposed laws would see cheaters sentenced to three-to-seven years in prison. Today, the Chinese government is making it […]
... written on Jun 08 2016At least 3 new polls show Brexit – British Exit – could succeed on June 23 after all. An online survey by ICM shows 48% wanted to leave European Union as opposed to 43% who don’t. Pollster YouGov found “Leave” on 45%, with “Remain” on 41%. Meanwhile, TNS registers 43% Britons preferred “Out” as compared to […]
... written on Jun 07 2016Brexit – British exit from EU – is very real and could happen after a referendum on June 23, roughly 3 weeks away. Unlike a referendum on Scottish independence which took place on 18 September 2014, the Brexit is different simply because the Kingdom of Scotland and the Kingdom of England have been united since 1603, while […]
... written on Jun 03 2016OPEC unsurprisingly failed to agree on anything (*yawn*), despite market got very excited about a potential output ceiling. “Hope is a powerful weapon and no one power on earth can deprive you of.” – Nelson Mandela wrote in a letter to Winnie Mandela in 1969. But that’s what OPEC members and other non-OPEC oil producers could […]
... written on Jun 03 2016A key goal of Saudi Arabia’s Vision 2030 plan is to increase the number of women in the workforce from 22% to 30%. The vision, which was announced by Saudi Deputy Crown Prince Mohammed bin Salman last month, is supposed to prepare the kingdom for an era in which it does not rely heavily on oil. There’s […]
... written on Jun 02 2016Are you a business owner who employs a battalion of staffs or workers? More importantly, do you, as a boss, believe that young workers produce higher productivity than older workers and in a process which you didn’t even realise, have practiced age discrimination against your older workers who had fought for your empire during the […]
... written on Jun 01 2016Mention Brunei and a country ruled by an absolute monarchist come to mind. Hassanah Bolkiah, the country’s 29th Sultan, is notorious for his fortune – estimated at US$20 billion as of 2008 (according to Forbes). He was once the world’s richest man but despite his brother Prince Jefri’s pilfering US$15 billion from sultanate, and the plunging […]
... written on Jun 01 2016
