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Mark Sanford claims Trump’s reelection team is ‘scared’ about his primary challenge

13 hours ago NAMEX Comments Off on Mark Sanford claims Trump’s reelection team is ‘scared’ about his primary challenge
President Trump may be up by more than 80 percentage points over his three GOP presidential primary challengers in a new Fox News poll, but the way Mark Sanford sees it, someone in Trump’s reelection team is “scared.” Sanford, the former GOP South Carolina governor and congressman, launched his extreme long-shot bid for the Republican Read More

Russia estimates its oil reserves value at over $1 trillion

15 hours ago NAMEX Comments Off on Russia estimates its oil reserves value at over $1 trillion
Russia’s Ministry of Natural Resources and Environment has estimated the market value of the country’s oil reserves at 74.5 trillion rubles ($1.2 trillion), which is nearly double the amount of last year’s valuation. According to the ministry’s data, the market value of the oil reserves increased by 88 percent over the past year.The combined value Read More

China sovereign fund CIC says cautious of U.S. investment amid trade war

19 hours ago NAMEX Comments Off on China sovereign fund CIC says cautious of U.S. investment amid trade war
BEIJING (Reuters) – China Investment Corp (CIC) reported a 37% dive in annual profit on Friday and said the ongoing Sino-U.S. trade war has made the Chinese sovereign wealth fund more cautious about investing in the United States. China and the United States have enmeshed in a tit-for-tat trade war for more than a year Read More

GLOBAL MARKETS-Shares rise after Fed rate cut, oil prices gain

1 day ago NAMEX Comments Off on GLOBAL MARKETS-Shares rise after Fed rate cut, oil prices gain
NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being Read More

Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently

2 days ago NAMEX Comments Off on Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently
Singapore — The attacks on Saudi Aramco’s oil facilities have exposed Asia’s vulnerabilities in absorbing supply disruptions with purpose-built emergency stocks, which either don’t exist or fall short of global standards. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While organizations like the International Energy Agency have coordinated strategic Read More

India may become winner in US-China trade war

2 days ago NAMEX Comments Off on India may become winner in US-China trade war
The Indian economy could benefit by $11 billion as some international manufacturers move production to the country due to trade tensions between Washington and Beijing. That’s according to a report from Singapore’s DBS Bank. It said that ″India could increase its trade footprint in midst of the US-China trade conflict, particularly under categories on Read More

Fed pumps more cash as key rate breaks above target

2 days ago NAMEX Comments Off on Fed pumps more cash as key rate breaks above target
NEW YORK (Reuters) – The Federal Reserve injected another $75 billion into the U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank’s benchmark interest rate above its targeted range for the first time since the financial crisis. FILE PHOTO: Read More

Fed has ‘no stomach’ for doing the right thing of raising rates as crisis ‘worse than 2008’ looms – Peter Schiff

2 days ago NAMEX Comments Off on Fed has ‘no stomach’ for doing the right thing of raising rates as crisis ‘worse than 2008’ looms – Peter Schiff
With the US Federal Reserve expected to cut interest rates for the second time on Wednesday, Euro Pacific Capital CEO Peter Schiff has discussed with RT’s Boom Bust what the move will bring to US economy. “The Federal Reserve has been artificially suppressing interest rates particularly since the 2008 financial crisis. By keeping interest rates Read More

Explainer: The Fed has a repo problem. What’s that?

3 days ago NAMEX Comments Off on Explainer: The Fed has a repo problem. What’s that?
(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March Read More

BRICS countries will soon account for more than half of the global economy

3 days ago NAMEX Comments Off on BRICS countries will soon account for more than half of the global economy
The combined economies of the BRICS member states – Brazil, Russia, India, China and South Africa – are set to expand by about 20 percent in roughly a decade, Russian Finance Minister Anton Siluanov has announced. “The BRICS countries’ economy today accounts for a third of the global economy. According to our conservative estimates, by Read More