Russia
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Buy, Sell or Hold: The SPDR Gold Trust ETF (NYSE: GLD) Continues to Offer Investors a Hedge Against Inflation
The just-concluded Group 20 (G20) meeting left us with a chorus of very "prudent" governments and central bankers singing the praises of easy monetary and fiscal conditions. So where can we take refuge when all the central banks in the world print money and governments run deficits in order to spend like drunken sailors? The [...]
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As Problems in India and Russia Escalate, Let's Drop the BRIC
By Martin HutchinsonContributing EditorMoney Morning When Goldman Sachs Group Inc. (GS) coined the term “BRICs” in 2003 to cover Brazil, Russia, India and China. This group of four countries was supposed to represent the enormous potential of the emerging markets, and their populations would provide most of the world’s growth in the decades ahead. For [...]
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Russia's Economic Demise Could Turn "BRIC" to "BIC"
By Mike Caggeso Associate Editor Money Morning Russia's continuing weakness could cost the country its membership in one of the most identifiable and esteemed investor acronyms – the BRIC nations. Back in 2001, the Goldman Sachs Group Inc. (GS) – eager to push its clients toward emerging markets investment – created the acronym "BRIC" to [...]
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Declining Russian Oil Production Could Lead to $200 Oil and "Global Recession," Says Deutsche Bank
By Jennifer Yousfi Managing Editor Higher oil could lead to a worldwide economic collapse, according to a top analyst at Germany's largest bank. "Two-hundred dollar oil would break the back of the global economy," Adam Sieminski, chief energy economist at Deutsche Bank AG (DB), told Bloomberg News in an interview yesterday (Wednesday) in Tokyo. "Next [...]
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Russia Turns to Libya to Tighten Grip on European Energy Supply
By Jason Simpkins Associate Editor Russia agreed yesterday (Thursday) to write off $4.5 billion in Libyan Cold War-era debt in exchange for military and civilian contracts for Russian companies, Reuters reported. The deal will almost certainly help Russia tighten its grip on European energy supplies. "I am satisfied by the way we have solved the [...]
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BP Caving to Kremlin Pressure Over Joint Venture
By Jason Simpkins Associate Editor BP PLC (BP) has found itself under pressure from the Kremlin to cede control of its joint venture in Russia, TNK-BP Holding OAO, to a state-owned oil monopoly such as Rosneft NK OAO or Gazprom OAO – the latest attempt by the Russian government to expand its energy monopoly and [...]
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Putin Wins Chavez Loses: A Net Win for Oil Investors
By Martin Hutchinson Contributing Editor Russian president Vladmir Putin's United Russia party won 64% of the vote in Sunday's elections, while Venezuelan president Hugo Chavez lost his constitutional referendum in by a slim 2% margin the same day. That's a split result for the wannabe dictators, but it looks like a net win for investors. [...]
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The One Russian Emerging Market With the Most Profit Promise
By Martin Hutchinson Director of Global Investing Research Readers may well have missed the news that Ukraine is currently putting together a new coalition government led by reformist Julia Tymoshenko. “So what?” you may ask. “I can’t know everything. And besides, how do you ever expect me to make a buck out of Ukrainian politics, [...]
