India knows what to get and from whom, Dr. Sreeram Chaulia of the Jindal School of International Affairs told RT. It wants to hedge its bets and build close relations with BRICS, while trying to attract investment from the US and Europe, he said.
With instability following the death of King Abdullah, Iran may take a lead in the relationship with Saudi Arabia which could put pressure on Riyadh to improve the internal situation in the Gulf state, Gerald Horne, author and historian, told RT.
It’s doubtful the Davos forum will address unemployment as the participants are more concerned with what model of car they should buy than care about people who work for living, says Curtis Ellis Executive Director of the American Jobs Alliance.
The ratings agency Standard & Poor’s will have to pay over $77 million and is to be barred for one year from grading certain bond deals for loosening its rating criteria in order to win business. Investors had not been informed of these changes.
The current oil price decline can be explained by heavy selling in US future markets which is part of an all-out economic war between the US and countries like Russia, Iran and Venezuela, says financial journalist, Willem Middelkoop.
Brent crude jumped 3.25 percent, briefly touching above $50 a barrel at 1:35pm GMT after the International Energy Agency (IEA) reported OPEC will produce less oil in the second half of 2015, as weak prices cut into revenues.
The House of Saud now finds itself in times of extreme trouble. Their risky oil price war may eventually backfire. The succession of King Abdullah may turn into a bloodbath. And the American protector may be musing a change of heart.
The oil price crash is the first battle of Global War I between the geopolitical interests of the West versus Russia and its allies, says international consultant Adrian Salbuchi. In the future we might see the same happening over water or food, he adds.
Austerity measures in Greece don’t work anymore, as the single currency put all EU countries in a straitjacket, and Greek olive oil is priced in relation to the prices of an export powerhouse, Patrick Young, expert in global financial markets, told RT.
Wall Street giant Morgan Stanley says a financial advisor at the firm’s New York City headquarters has admitted to stealing client information pertaining to roughly 350,000 customers after some of those records ended up on the web.
The Russian ruble lost 5 percent on Tuesday on the second day of post-holiday trading on the Moscow Stock Exchange. Sliding oil prices, which dropped below $50 per barrel on Monday, continue to weigh on the currency.