Search Results for: stock market

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 …

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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 …

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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 …

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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 …

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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 …

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“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, …

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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 …

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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 …

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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 …

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John McAfee developing a $100 device to block the NSA

john mcafee

During a recent chat at the San Jose McEnery Convention Center, Antivirus software founder John McAfee unveiled plans to create a gadget called the D-Central which he claims can keep your information safe from the National Security Agency. The gadget, which McAfee wants to sell for less than $100, would communicate with smartphones, tablets …

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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 …

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FDA: Drug companies faked thousands of drug documents

drugs

According to the Food and Drug Administration, a major drug research contractor has been found faking documents and manipulating samples. The firm, Cetero Research, has tested medicines for major drug companies that are now being forced to reevaluate their products in response to warnings issued by US regulators. The news …

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“We are in a financial holocaust” – Max Keiser says in Parliament

Max Keiser George Galloway

The economic crisis has led to a “financial holocaust” which will lead to millions of deaths, said Max Keiser, the outspoken activist and financial presenter for the Russia Today television channel. On invitation from Respect MP George Galloway to deliver an address on “the coming currency collapse” on Tuesday night in Parliament’s …

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Silver price to ‘increase 400% in three years’

silver bar

The silver bull run will continue says investment specialist Ian Williams of Charteris Treasury. Silver will increase in value five times over the next three years, according to mixed asset fund manager Ian Williams. “Silver is about to enter a sustained bull market that will take the price from the …

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Statin drugs found to accelerate arterial calcification

Artery calcification

Newly published research reveals that more frequent statin drug use is associated with accelerated coronary artery and aortic artery calcification, both of which greatly contribute to cardiovascular and all-cause mortality. Published Aug. 8th, 2012 in the journal Diabetes Care, researchers studied patients with type 2 diabetes and advanced atherosclerosis and found …

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Poor thieves go to jail, rich thieves don’t

Rachael Claire Martin

From the Mail: A bank clerk who dreamed of becoming a model stole £46,000 from the tills — and spent it on plastic surgery and shopping sprees. Rachael Claire Martin, 24, used the cash to fund a boob job, dental work and liposuction, as well as hair extensions and nights …

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The Union: the business behind getting high

Ever wonder what British Columbia’s most profitable industries are? Logging? Fishing? Tourism? Ever think to include marijuana? If you haven’t, think again. No longer a hobby for the stereotypical hippie culture of the ‘60s, BC’s illegal marijuana trade industry has evolved into an unstoppable business giant, dubbed by those involved …

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Online dating: a modern relationship tool perfect for everyone

Despite the fact that online dating is the same age as the Internet itself, for many people, such services remain a mysterious thing that is too scary to look into. Thanks to new information technologies, the Internet is no longer figuratively, but literally a reflection of our non-digital world. There …

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