"Plunging oil prices, even as low as $30 per barrel, won’t offset the world’s largest-listed oil company, Rosneft’s investment and development plans, according to the company’s VP.
“The company can weather $30 per barrel prices, but problems with the Russian budget will arise,” Rosneft Vice president Viktor Ishayev told reporters at a press conference in Khabarovsk."
Grandmaster Putin’s Gold Trap: Russia Is Selling Oil And Gas In Exchange For Physical Gold
"After realizing its failure in Ukraine, the West, led by the US set out to destroy Russian economy by lowering oil prices, and accordingly gas prices as the main budget sources of export revenue in Russia and the main sources of replenishment of Russian gold reserves."
Ukraine to receive €1.8bn from EU
"European Union finance ministers have agreed to loan Ukraine €1.8 billon to stave off a default. Some governments pressed for €2.6 billion in medium-term loans for 2015 and 2016.
Ukraine has to pay about $10 billion to service its debt this year, including corporate and sovereign loans and bonds, according to the Institute of International Finance, a financial group based in Washington."
Ukraine has to pay about $10 billion to service its debt this year, including corporate and sovereign loans and bonds, according to the Institute of International Finance, a financial group based in Washington."
Africa Loses at Least $50 Billion Annually Through Illicit Financial Flows
"African companies and government officials transfer at least $50 billion out of Africa illegally each year, the Tax Justice Network Africa civil society group has revealed citing a joint United Nations and African Union panel report.
"This is an extraordinarily important report which could shift the global debate on tax, financial transparency and corruption," Joseph Stead, Senior Economic Justice Adviser at Christian Aid, a London-based charity organization, said Sunday as quoted by the Tax Justice Network Africa."
"This is an extraordinarily important report which could shift the global debate on tax, financial transparency and corruption," Joseph Stead, Senior Economic Justice Adviser at Christian Aid, a London-based charity organization, said Sunday as quoted by the Tax Justice Network Africa."
$28 cabbage, $65 chicken, and other insane food prices in Northern Canada
It’s not just food, either — necessary sundries like diapers and sanitary napkins are also outrageously expensive. According to one comment... it’s often more cost-effective to fly to Edmonton, Alberta, do your shopping there, and fly home. (That alone is a pretty good indication that shipping costs are not exclusively to blame.)"
China Withdraws 70 Tonnes Gold From Shanghai Week Ending 16th January - Third Highest Ever
"Let us assume for a moment that all this circumstantial and direct evidence is correct, and there is a currency war underway. And that the Banks have been engaged, for many years, in the systematic rigging of the price of gold."
This Is The Beginning Of The End For The Euro
"As the global financial crisis begins to unfold over the next couple of years, the ECB (European Central Bank) is pretty much going to be powerless to do anything about it. Over the next couple of months, we can expect the euro to continue to head toward parity with the U.S. dollar, and eventually it is going to go to all-time lows. Meanwhile, the future of the eurozone itself is very much in doubt. If it does break up, the elite of Europe will probably try to put it back together in some sort of new configuration, but the damage will already have been done."
America's Losing the Currency War
"talk of purposeful currency devaluation to make up for an economy's inefficiency -- the engine of currency wars -- is a "conversation that is not polite to have." World leaders increasingly feel comfortable talking openly of their plans to drive down exchange rates."
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