New investment plan to “create well-paying American jobs” besides laying out “stronger long-term economic growth”. The main “sovereign wealth fund” of Saudi Arabia along with the “private equity firm” of the United States, Blackstone, announced that the duo has plans of creating “$40 billion...

A deal on extending output cuts by nine months to clear a global stocks overhang and prop up the price of crude seemed closer as the OPEC and non-member oil producers moved closer on Wednesday to clinching such a deal.   A deal in December saw OPEC and 11 non-members agreeing to cut oil...

Noted economist Mohammed El-Erian is of the opinion that for the fact that too much money is chasing too few opportunities, there has been a steady rise in the stock market.   The Allianz chief economic advisor said in the TV interview that no longer the main factor driving the market is the...

As the domestic production in United States soars, a weaning off OPEC crude and a decline in the biggest oil user's reliance on imports are highlighted by President Donald Trump's proposal to sell half of the U.S. strategic oil reserve.   In heavily guarded underground caverns in Louisiana...

On a fund raising venture led by Miami International Holdings Inc. and “Huiyin Blockchain Venture Investments”, LedgerX raises “$11.4 million”. LedgerX is an exchange with bitcoin options, owned by Ledger Holdings based out of New York, whereby the latter made an announcement revealing that the...

Brazil has a thriving financial technology (fintech) sector that has managed to defy the country's political and economic turmoil even as the country is attempting to extricate itself from a recession as its president fends off a corruption scandal.   The country may find itself in the...

The OPEC’s key to success in balancing the oil market. It lies in an ability to turn "curves" of movements of the futures quotes. Goldman Sachs warned that while oil futures are in a state of backwardness, the OPEC can struggle to significantly reduce reserves. To date, contango in the market...

The securities as well as the “Exchange Commission” of the U.S. approves the ‘speed bump’ delay for NYSE. The New York Stock Exchange operators were permitted to use “a so-called speed bump” for “one of its exchanges” on Tuesday, the 16th of May 2017. This allowed NYSE to move “head-to-head with...

Scandals around the ties between US President Donald Trump and Russia cost $ 35 billion to the world's richest people, according to Bloomberg. At the same time, businessmen lost such a sum in just one day due to the US stock indices’ crush. Apparently, there is a frustration, associated with...