Search Results for: stock market

German bank hits savers with ‘negative interest rates’

Mario Draghi ECB

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi. Retail and business customers with over €500,000 on deposit as …

Read More »

Banks may start charging for deposits

Bank deposit

The Fed’s Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the next one at least), a less discussed issue was the …

Read More »

Turmeric to make at least 14 pharmaceutical drugs obsolete

turmeric

You may have already heard about the many amazing healing properties of the spice turmeric, which is also sometimes referred to as curcumin. But did you know that literally thousands of published, peer-reviewed studies conducted and compiled over the years lend credence to the notion that turmeric works the same …

Read More »

US government sues Standard & Poor’s after AAA downgrade

Standard Poor's

The US government is blaming the financial crisis that catapulted the US into recession in 2007 on debt raters Standard & Poor’s. But by singling out S&P, the DoJ raises suspicions that it might be retaliating for a downgraded US credit rating. In a Monday evening filing in federal court, …

Read More »

China warns Australia to choose “Godfather” – China or U.S.

america china

It is rare in diplomatic circles for governments to speak bluntly, particularly in the Orient, where manners are highly prized. The exceptions to this rule are retired military officers, who are often able to voice sentiments too impolitic for other channels. One of the more startling pronouncements in this vein …

Read More »

The Secrets To Profitable Football Betting

Football is the most popular form of sport with fun all over the world. It is no secrets most fans like backing their favorite teams daily through betting. This is due to its thrilling and exiting properties. The majority of punters base their arguments on the resent form of a …

Read More »

Bayer acquires GMO giant Monsanto for $66 billion

bayer-acquires-monsanto

German pharmaceuticals giant Bayer has completed its takeover of American GMO company Monsanto. Shareholders have reportedly accepted $128 a share, making the deal worth $66 billion, including debt. The deal is the largest corporate takeover in almost two decades for a German company. The latest bid offered by Bayer is …

Read More »

ISIS selling CIA-supplied weapons online

ISIS selling CIA weapons online Facebook

Once upon a time, roughly two year ago, the US would vehemently deny that any of its weapons made their way to ISIS, Al Nusra, and the various other jihadist groups operating in the middle east and which the US is, supposedly, targeting for eradication as part of the Syria …

Read More »

Russia rapidly increases its gold reserves

Gold reserves Russia

Russia’s appetite for gold accelerated last month, with the country adding the most to its reserves since at least March. The nation increased holdings to 42.4 million ounces from 41.4 million ounces in July, the central bank said on its website Friday. The amount bought was about the same as the 30.5 …

Read More »

Solar to be world’s top electricity source by 2050 – IEA

solar photovoltaic panels

Solar power may become the dominant source of electricity by 2050 as generation equipment becomes cheaper, according to a report from the International Energy Agency (IEA). Solar power enhances energy diversity and hedges against price volatility of fossil fuels, thus stabilizing the costs of electricity generation in the long-term, says …

Read More »

“Independent” Scotland could claim part of $12.6b gold reserves

Scottish gold

The distribution of the UK’s assets in the event of Scottish independence would be subject to negotiation between an independent Scottish Government and the continuing UK government, a spokesman for the United Kingdom Treasury said. The United Kingdom, whose reserves are worth 7.84 billion pounds ($12.6 billion) at today’s prices, …

Read More »

Argentina and China sign $1b currency swap deal

currency swap China Argentina

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina’s …

Read More »

London’s silver price fix to end after nearly 120 years

London city pic

Following a crackdown on precious metal manipulation by various European regulators (mostly Germany’s BaFin, recall “Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says“), which led to the shocking outcome that Deutsche Bank would pull out of the London gold and silver fixing committees, the London Silver Market Fixing …

Read More »

Russia and China planning to dump the US dollar

Chinese Yuan

The Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. “The draft document between the Central Bank of Russia and the People’s Bank of China on …

Read More »

JPMorgan’s epic fail on Twitter #AskJPM

jp morgan

JPMorgan canceled a question-and-answer session on Twitter Wednesday after receiving a barrage of critical questions skewering the multinational banking company for legal problems, foreclosure practices, and other ethical transgressions. Starting at least since last week, JPMorgan, the investment and services portion of financial behemoth JPMorgan Chase & Co, asked followers …

Read More »