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  • Article / 21 March 2016 at 12:00 GMT

    Daily Shot: Hawkish Russia keeps rates steady, boosts rouble

    TradingFloor.com Team / Saxo Bank
    Denmark
    Daily Shot: Hawkish Russia keeps rates steady, boosts rouble
    The Bank of Russia kept its policy rate steady even though inflation has fallen, in what amounts to a hawkish stance, and the rouble has strengthened on the back of that hawkishness and firmer crude oil prices. Iraq's oil production hit a new high recently, and Indian fuel consumption is expected to rival that of China.
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  • 1y
    Jadira F. Norton Jadira F. Norton
    US Dollar is ripping higher backwards on this note:: amazing catch Egypt::
    A Big Halo From Insideafricalaw
  • Editor’s Picks / 03 February 2016 at 4:35 GMT

    Oil-obsessed markets ignore the ultimate liquid asset

    South China Morning Post
    In any country, there are two truly liquid assets that drive economic activity – oil and water. Water supply has geopolitical and economic effects on a local and global scale. China’s attempts to harness the waters of the Yarlung Tsangpo have been a source of tension between China and India. While Singapore imports water from Malaysia, it has also constructed desalination plants. Singapore has become a focal point for water technology. In Africa, Ethiopia’s proposed Grand Renaissance Dam makes Cairo fearful of the effects on the Nile. Water scarcity has profound implications for geopolitics and economic development. Markets pay close attention to the price of oil but water’s geopolitical importance cannot be ignored.
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  • Editor’s Picks / 23 November 2015 at 0:34 GMT

    Russian blitz hits Islamic State's daily oil income

    South China Morning Post
    Russia has destroyed oil facilities controlled by Islamic State in Syria, sharply cutting its income, Russia's defence minister says. Minister Sergei Shoigu reported to President Vladimir Putin that Russian warplanes destroyed 15 refining and storage facilities in Syria and 525 trucks carrying oil during a week-long blitz. He said this deprived IS of $1.5 million in daily income from oil. Russia raised the intensity of its attacks following confirmation that a Russian Metrojet was downed by a bomb that IS said it had planted. President Francois Hollande is set to travel to Washington and Moscow for talks on joint military action against IS, and Putin has ordered the military to cooperate with the French.
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  • 4y
    pairstrader2 pairstrader2
    "in the game of 'chicken' with Greece. "

    exactly what it is. Greek finmin is playing hardball, like he has no idea what the consequences will be...
    4y
    Jim Earls Jim Earls
    Greece has nothing to lose? Europe has a lot more to lose?
    4y
    pairstrader2 pairstrader2
    Greece has a lot to lose, so has Europe. This ending in chaos will be catastrophic for everyone. I just dont get how they start negotiation with...