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Yin‑Yang Diplomacy Meets Tariff Warfare: Beijing’s Dual Message to Washington 04/20/2025

US and Ukraine sign memorandum on minerals deal 04/18/2025

IMF Head: Global trading system is resetting 04/18/2025

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Big oil companies gave up the US licenses on drilling in the Arctic

Major oil companies, including Royal Dutch Shell, ConocoPhillips and Statoil, refused the US government’s licenses to drill exploratory wells in the Arctic. Total cost of the denied permissions amounted to $ 2.5 billion. Oil majors gave up the rights to drill in an area of 2.2 million acres (about...

Find Your Favourite Nail Polish Taste With KFC

The new KFC addition will make its customers literally lick their fingertips. The giant of fried chicken trends, KFC, has launched a new product that sends its tag line “finger lickin’ good” to yet “another level. The new addition to KFC’s menu features “two edible nail polishes” which has a...

Supply Disruptions Outweighing Brimming Storage Can Result in Gain in Oil Prices

Worries over brimming inventories and a looming refined products glut were overweighed by some 2.5 million barrels of daily production that have been taken off the market due to the supply disruptions in Canada and elsewhere resulted in rise of global oil prices for again on Tuesday. ...

As an IPO Looms, Saudi Aramco Prepares for Global Expansion

As the Saudi Arabia's state-owned oil giant Aramco prepares for a partial privatization pushed by a government intent on diversifying the economy, the giant oil company is also seeking to expand globally via joint ventures overseas. Reuters reported that the chief executive of the company,...

Large European banks are uptight about working with Iran

International sanctions on Iran began to take off, so many foreign companies are showing growing interest to work with Iran. Yet, some of Europe’s largest banks are still in no hurry to establish contacts with this country. Those are institutions, which in recent years have undergone heavy fines...

As Markets Eye Saudi Reshuffle, Oil Jumps on Canada Wildfire Outages

The raging huge wildfire in Cana has contributed to a significant tightening of markets over the past weeks as Canada's oil sand region knocked out over a million barrels in daily production capacity resulting in a jump of the oil prices on Monday. With almost all of Canada's crude from...

Heyday of Tesla threatens the platinum market

Elon Musk’s plans for development of the automotive industry promise a swipe at another commodity market - the platinum market. Threat of oil is not very big, yet demand for platinum could fall significantly. And it's not only about increase in popularity of Teslas. Virtually, every automaker is...

Apple's Tim Cook will Meet Chinese Government Officials in his Soon to be Made Visit to the Country

At a time when it is facing some setbacks in its most important overseas market, Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, reports news agency Reuters quoting a source familiar with the matter. Even though Cook has...

Goldman's new role of retailer

Just recently, Goldman Sachs has been accused of ignoring, and sometimes a frankly scornful attitude to ordinary citizens. One of the world's largest investment banks was not eager to attract retail deposits, since it would have to comply with burdensome regulation then. In recent years, the bank...

Shell Sends An Exit Notice To Petro Matad

The Company of Petro Matad will no longer be supported by its partners. During the production of “Block IV and V”, Petro Matad lost its contracts sharing partners, in the western and central part of Mongolia on Friday, the 29th April 2016. The Company of Petro Matad trades into AIM,...