Search Results for: stock market

Australia’s big-banks bonanza

AUSTRALIA’s big banks have been ranked the most profitable in the developed world for the second year running by the influential Bank for International Settlements. Despite slower credit growth threatening to crimp local lenders’ profits, the big four enjoy wider interest margins and lower costs than most of their overseas …

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Globalist plan: European Union police state lockdown

European Union apparatchiks are preparing to lockdown Europe following Greece’s exit. From the Associated Press today: Olivier Bailly said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it’s necessary to protect public order or public security — but not on …

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Max Keiser says: “hang the bankers”

Viewers in the U.K. were surprised watching Channel 4’s “10 o’clock Live” show when guest Max Keiser, speaking in a debate moderated by one of the show’s presenters, David Mitchell – appealed to the live audience to “hang the bankers.” The audience applauded very enthusiastically. Keiser went on to explain …

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Caesars Palace takeover by Eldorado to create a giant

Eldorado Resorts has just made an important move towards becoming a nationwide player, by acquiring Caesars Entertainment. The latter is well known not only in the United States, but also beyond borders for its online casinos. That’s why many were probably surprised to hear that a smaller and less known …

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Natural Resources and the FTSE 100: Why Mining Remains the Future

Brexiters’ notion that the UK can become a global trading nation after it emerges from the yoke of EU regulation was given some credence recently thanks to the FTSE 100. As China prepares to scale back its mining output during the winter months, British companies have been the latest beneficiaries. According …

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Israel: the tech start-up capital of the world

Israel Start-ups

By Filip Karinja With a population of eight million people, Israel has made a name for itself as the Silicon Valley for tech start-ups. An innovator in the tech field, Israel has over 6000 start-ups in operation and attracts more venture capital per person that any other country in the …

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UBS fined for silver price manipulation

Precious metals silver

Switzerland’s regulator found “serious misconduct” by UBS employees in precious metals trading, particularly with silver, as part of its review of the bank’s foreign-exchange business. Electronic chats played a “key” role in the improper conduct in foreign exchange and precious metals trading, the Swiss Financial Market Supervisory Authority, or Finma, said in …

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Global economy at crossroads: time to hoard cash or gold?

Cash gold

From Filip Karinja, for Birch Gold Group The global economy is at a crossroads according to Mohamed El-Erian, chief economic adviser at Allianz Global Investors. The former Pacific Investment Management Company chief executive blamed central bank asset purchases (QE) for creating a distortion between the price of assets and their fundamentals. …

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Major Australian bank taken to court over interest rate rigging

NAB interest rate rigging Australian bank

The corporate regulator has launched legal action against National Australia Bank for allegedly manipulating the bank bill swap rate (BBSW) 50 times. NAB said it would fight the case. Labor leader Bill Shorten jumped on the move, saying it provided further evidence of the need for a royal commission into the banks. “How …

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Bitcoin is now bigger than Bayer, Goldman Sachs & Nike

Bitcoin market cap Goldman Sachs

The value of the world’s largest cryptocurrency bitcoin has broken the $5,800 mark, hitting another all-time high before retreating to the $5,600-$5,700 level, still close to the maximum. Its market capitalization is approaching $97 billion. If bitcoin were a company, its market cap puts it in the same league as …

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Monsanto hit with class action lawsuits in mystery GMO wheat case

Monsanto

American Farmers have launched two class action lawsuits against biotech giant Monsanto following the discovery of unapproved genetically modified wheat growing in the Pacific Northwest. According to farmers, the company’s negligence has ruined sales. Though the United States Department of Agriculture (USDA) has never approved either the growing or sale …

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Forex scandal: criminal bankers must be jailed, not fined

Six banks forex rigging scandal

Financial penalties expected to hit British banks for Forex rigging will do little to tackle financial crime in the City of London as regulators continue to prioritize high finance over ordinary citizens, experts warn. British banks could be fined billions in coming months as investors pursue them for rigging foreign …

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Peak gold, amid rising demand and a declining dollar

Cash is trash

From Filip Karinja, for Birch Gold Group Conventional wisdom suggests a strong dollar is bad for the price of gold. So given the dollar’s current relative strength against other currencies, we should expect the price of gold to fall, right? Not so fast, says a new report from the World Gold Council (WGC). …

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Iceland jails 26 bankers for a combined 74 years in prison

Iceland arrest the bankers jail

In a move that would make many capitalists’ head explode if it ever happened here, Iceland just sentenced their 26th banker to prison for their part in the 2008 financial collapse. In two separate Icelandic Supreme Court and Reykjavik District Court rulings, five top bankers from Landsbankinn and Kaupping — the two largest banks …

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Putin drafts bill to dump the dollar and euro

Putin Russia

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union. “This would help …

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IMF: China overtakes US as world’s largest economy

China vs USA

Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change. He also alerted us back in April this year that it was all about to happen. Basically, the method used by the IMF …

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Only 47% of Americans have a full-time job

Looking for a job

The release of the June Jobs’ Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists’ expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The …

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Venezuela looking to ban GMO seeds

venezuela

The new legislation would protect small and medium producers, favour the use of seeds for the environment and human health, and the creation of an institution working on the topic. Venezuela is going forward in the defintive elaboration and approval for a law guaranteeing security and sovereignty against the threat …

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Bitcoin ‘glitch’ sparks 23% flash crash

Bitcoin

While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not …

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