Afghan mineral wealth put at $1-3 trillion
Afghanistan’s untapped mineral deposits could be worth up to $3 trillion, the country’s mines minister said on Friday, higher than a recent U.S. estimate. Officials from the U.S. Department of Defense said this month that Afghanistan’s mineral wealth could top $1 trillion, a finding that could reshape the country’s economy and help U.S. efforts to […]
Commodity stocks and banks pull FTSE lower
Britain’s top share index fell early on Thursday as renewed doubts about the sustainability of a global recovery dented commodity stocks, and banks weakened as risk appetite ebbed. By 0759 GMT, the FTSE 100 was 33.54 points, or 0.7 percent, lower at 5,145.04 after falling 1.3 percent on Wednesday to its lowest closing level in […]
Who’s in charge in Europe?
The question has puzzled leaders ranging from Henry Kissinger, said to have once asked who he should call to reach Europe, to Barack Obama. It has become all the more pertinent as the European Union tries to fill what is widely viewed as a leadership vacuum during the euro zone’s sovereign debt crisis. Two leaders […]
European body denounces Chechnya
The Council of Europe on Tuesday denounced a “climate of fear” in Chechnya, a decade after the Kremlin regained control of the mainly Muslim region in southern Russia from separatist rebels. Kidnappings of opponents of Kremlin-appointed leader Razman Kadyrov regularly go unpunished, families of suspected fighters are targeted and the media and civil society are […]
Weak US home data slices into shares, gold rises
Weak May U.S. housing data undercut stocks and sent U.S. Treasuries up, while Europe grappled with a fresh tremor to its banking system after Fitch downgraded French bank BNP Paribas. The downgrade hit Europe’s banking stocks, leading to the end of a nine-day rally and pushed prices for gold higher on safe-haven flows. The […]
Rogue trader Kerviel fooled me, says ex-boss
Former Societe Generale trader Jerome Kerviel used convincing lies to mask his risky, unauthorised bets, an ex-boss has told a Paris court. The 33-year-old Kerviel, whom SocGen blamed for a Ä4.9bn ($6.07bn) trading loss in 2008, made bets without bosses knowing, former supervisor Eric Cordelle added. “Jerome was always able to come up with reasons, […]
Financing solutions
Banco Inbursa is a subsidiary of Grupo Financiero Inbursa which was established in Mexico 44 years ago, and since its foundation the same controlling shareholders have been managing the group. The bank has a strong balance with a 21.1 percent tier 1 capital ratio and loan loss reserves that cover 3.6 times its non performing […]
Trading global markets
For more than 25 years, active traders have been finding their competitive edge in the world’s markets with the award-winning charting and market analysis in eSignal. Especially now, as exchanges around the globe point to economic recovery, subscribers to eSignal’s charting and market data can find profitable opportunities using time-tested technical analysis methodologies. A comprehensive […]
Difficulties on the horizon
Under the current economic environment many countries are confronted with the need for rigorous budget measures to meet deficit-cutting targets. The enormous government debts, resulting from the accumulated government deficits over several years, or in some cases even decades, is causing severe problems. The common denominator in the budget measures that are currently being introduced […]
Rebuilding Wall Street
Easily the most significant of a mountain of laws now being drawn up in the backrooms of Congress and the Senate with the vigorous intervention of the White House is one that decrees no bank will be so big that it will not be allowed to fail. In short, no more bail-outs. The so-called “resolution […]
