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‘Triumph of hope over reality’ – strategist bursts market recovery expectations — RT Business News

The sharp pullback and volatility seen by global equity markets recently is far from finished with a “third wave” of market correction still ahead, says Chris Watling, chief executive at Longview Economics in London. Read more “The idea that it’s all done in one sell-off is, I think, probably a triumph of hope over reality,” […]

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America’s Emerging Petro Economy Flips the Impact of Oil

America’s Emerging Petro Economy Flips the Impact of Oil – WSJ BROWSER UPDATE To gain access to the full experience, please upgrade your browser: Chrome | Safari | Firefox | Internet Explorer Note: If you are running Internet Explorer 10 and above, make sure it is not in compatibility mode We use cookies and browser […]

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Scottsdale’s Gold Hill mine is for sale for $2.79 million

CLOSE This property near Scottsdale, Arizona, was listed for $43 million in 2010 and is on the market for $2.79 million. What’s special about it? It has a gold mine. Russ Lyon Sotheby’s International Realty Russ Lyon Sotheby’s International Realty The 117-acre Gold Hill mine had been listed for $43 million in 2010 and is […]

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Barratt considers shifting production from Germany to UK | Business

Britain’s biggest housebuilder, Barratt Developments, is considering moving the production of blocks used in construction from Germany to Britain, an example of the steps some businesses are taking to mitigate against risks from Brexit. London and Brussels hope to agree a deal this month to protect the free movement of goods between Britain and the […]

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Venezuelan state oil firm to strike deals using national cryptocurrency — RT Business News

Venezuelan President Nicolas Maduro has ordered the country’s state energy company PDVSA to close some of its purchase and sale deals using the national commodity-backed digital currency ‘petro.’ The country’s oil ministry tweeted the president’s directive, which also applies to Venezuelan state-run conglomerate CVG, which is charged with economic development in the Guayana region. It […]

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Dow, S&P 500 Lose Steam After Six Sessions of Gains

Falling shares of Walmart pulled the Dow Jones Industrial Average and the S&P 500 lower Tuesday, snapping a six-session winning streak for the indexes. Shares of Walmart tumbled 10%, the biggest drop in 30 years, after the retailer reported slowing online sales growth, indicating the difficulty it is facing in fending off competition from Amazon.com. […]

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Scottsdale gold mine for sale

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Markets await UK unemployment and wage figures for interest rate clues – business live | Business

9.09am GMT09:09 Eurozone private sector growth slows Growth across the eurozone seems to be slowing this month, but remains pretty strong. The latest Eurozone ‘purchasing managers index’ from data firm Markit has fallen to 57.5 this month, down from 58.8 in January. Any reading over 50 shows that activity grew during the month. This is […]

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US stock slide was ‘appetizer’ with ‘main course’ still to come – Morgan Stanley — RT Business News

The Dow Jones Industrial Average index recently suffered two trading sessions when it lost more than 1,000 points. But American stocks may face a much bigger meltdown, warns banking giant Morgan Stanley. Read more “Appetizer, not the main course,” the bank’s strategists wrote, describing the beginning of the year for the Dow, as quoted by […]

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Glencore’s $200 Million Predicament: How to Handle Payments to Individual Under U.S. Sanctions

Feb. 20, 2018 4:57 p.m. ET Glencore GLNCY -2.92% PLC is grappling with a thorny problem: whether it can pay a former partner placed under sanctions by the U.S. government. The Swiss mining giant will owe up to $200 million in royalty payments over two years to Israeli billionaire Dan Gertler, on whom the U.S. […]

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