Authored by Simon Watkins via OilPrice.com, Over the past week or so, China has eased quarantine measures in Wuhan – the city in which the global coronavirus pandemic began – with the entire lockdown scheduled to end on 8 April. With China’s President Xi Jinpiang having visited the city just a few days ago, the industrial economy across China as a whole is back working and […]
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Russia, Saudi Arabia, the United States, and other countries need to bring stability to the markets as the world faces “probably the greatest recession ever,” said Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF). He told CNBC that Moscow and Riyadh are very close to striking a deal on oil production cuts.“I think the whole market understands that this deal is important and it […]
Business 06:58 GMT 06.04.2020Get short URL MOSCOW, April 6 (Sputnik) – Russia and Saudi Arabia are “very close” to reaching an OPEC-non-OPEC deal on market regulation for the reduction of oil output, the head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said on Monday. “I think the whole market understands that this deal is important and it will bring lots of stability, so much […]
Authored by Charles Hugh Smith via OfTwoMinds blog, Everyone with any position in today’s market will be able to say they lived through a real Bear Market. In the echo chamber of a Bull Market, there’s always a reason to get bullish: the consumer is spending, housing is strong, the Fed has our back, multiples are expanding, earnings are higher, stock buybacks will push valuations up, and […]
Russia 23:24 GMT 02.04.2020Get short URL MOSCOW (Sputnik) – The Russian Armed Forces detected 24 foreign jets that were engaged in reconnaissance activities close to Russia’s airspace last week, the military’s official newspaper Krasnaya Zvezda reported on Friday. A weekly infographic, published by the outlet, showed that Russian fighter jets had been scrambled twice to intercept foreign aircraft. The foreign jets had been prevented from illegally […]