In economic hardship, Russia buys gold

Online since 3 days

162 words The transaction is discreet and fits into a typical pattern of Russian President Vladimir Putin’s global strategy. Financial difficulties following the conflict in Ukraine and western sanctions have weakened the Russian economy. Plummeting oil prices that stabilized around $75/78 ...

NSA overhaul and Keystone XL postponed

Online since 4 days

136 words Two weeks after taking back the Senate in mid-terms elections, the Republicans inflicted a first defeat on President Barack Obama by rejecting the overhaul of the National Security Agency (NSA) initiated by the White House in the aftermath, among ...

GDP falls, Japan goes back into recession

Online since 6 days

112 words The Japanese Nikkei index may have reached its all-time top, unless the Bank of Japan (BoJ) pulls back the monetary weapon. Macro-economic data from Japan are bad and the GDP contracted 1.6% in the last quarter after tumbling 7.3% ...

Oil prices drop, OPEC stands its ground

Online since 6 days

97 words Although the International Energy Agency (IEA) wrote that oil prices should further decline until March 2015 at least, there is growing uncertainty regarding their short-term evolution. Indeed technical analysis identified a bullish divergence yet such indicators have been repeatedly contradicted ...

Is the Republican majority good news?

Online since 2 weeks

153 words The Republican majority at the Congress of the United States is not necessarily good news for the U.S. economy. Though the Republicans will lead the legislative agenda, it will not prevent the Democrat administration from delaying or vetoing the ...

The Congress of the United States is now Republican

Online since 3 weeks

242 words The polls said true: the Republican Party (GOP) retained a majority in the House of Representatives and won the majority with 51 seats against 49 in the Senate. This victory is commented as a bitter show of dissent for ...