Commodities : not only oil is at risk...
Last year central banks printed huge amounts of money which
has been pumped into the financial system and not used to support economies. A
lot of this money moved into the stock market, commodities and emerging
markets. Whilst economies are struggling and hardly growing we are still seeing
high commodity prices. As we predicted in the GEAB N° 73 oil prices are now
collapsing and we think they can go a lot lower. Not only is oil at risk, all
commodities are. To understand why this is so, one has to understand how
speculators position themselves in the market. Commodity speculators buy
futures, ETF’s or other structured products; most of these contracts are backed
by the actual commodity stored in warehouses...
UK deal on Caribbean tax havens boosts prospect of EU-wide
crackdown
British tax havens in the Caribbean have agreed to provide
information on offshore bank accounts (2 May), in a step which increases the
prospect of an EU-wide agreement on information exchange on overseas accounts
used to evade taxation...
ECB steps in, vows help 'as long as needed'
The European Central Bank on Thursday (2 May) lowered its
key interest rate to a record low of 0.5 percent and vowed to take more action
"if necessary", in a move aimed at alleviating recession and
unemployment in the eurozone...
India cuts interest rate 0.25 point to 7.25%
The Reserve Bank of India on Friday lowered its benchmark
lending rate by a quarter percentage point, as widely expected, but suggested
further reductions were unlikely amid risks of an increase in inflation...
Data shift to lift US economy 3%
The US economy will officially become 3 per cent bigger in
July as part of a shake-up that will see government statistics take into
account 21st century components such as film royalties and spending on research
and development...
Stock Markets Don't Want a Strong Economy: Bob Doll
Stock markets don't want a strong economy, since a
resurgence in growth would mean the end of cheap money and heighten worries
about inflation, said Bob Doll, chief equity strategist at Nuveen Asset
Management...
La France se dote d’un quatrième Livre blanc pour la défense
et la sécurité. Son contenu a été dévoilé ce lundi 29 avril par le président de
la République. C’est lui qui a fait les derniers grands arbitrages dans ce
nouveau « contrat opérationnel » pour les 15 à 20 ans à venir, avec les
contraintes budgétaires comme feuille de route...
Wages in Germany must increase and the government should
establish a nationwide minimum wage, says EU Social Affairs Commissioner László
Andor. In an interview with a German daily, he calls for a radical change in
policy in the euro crisis and argues for a shift away from the country's export
model...
NATO member Turkey signed up on Friday to became a
"dialogue partner" of a security bloc dominated by China and Russia,
and declared that its destiny is in Asia...
Americans are exhibiting an isolationist streak, with
majorities across party lines decidedly opposed to American intervention in
North Korea or Syria, according to the latest New York Times/CBS News
poll...
Les frontières poreuses de la politique britannique avec la
City
The Greek parliament has passed a bill which will see 15,000
state employees lose their jobs by the end of next year. The bill passed by 168
votes to 123, and had the support of the three parties making up the ruling
coalition...
Des soldats chinois occupent depuis trois semaine le plateau
de Dapsang, en territoire indien. New Delhi accuse la chine d’agression, les
militaires indiens pressent leur gouvernement d’autoriser un intervention. La
chine feint d’ignorer le préjudice et entretient le flou...
Royal Bank of Scotland Group PLC RBS +0.84% swung to a
first-quarter net profit Friday and said it will have largely completed its
restructuring in 2014, potentially paving the way for the U.K. government to
start selling down its stake in the bank...
Ukip has delivered its strongest performance in local
elections after making a series of gains across England...
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This special Press Review reviews articles from the French and
Engligh-speaking international online media relating to the unfolding global
crisis.
It is delivered freely on a weekly basis to 60,000 recipients worldwide.
Subscription / Contact: centre@europe2020.org
It is delivered freely on a weekly basis to 60,000 recipients worldwide.
Subscription / Contact: centre@europe2020.org
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