Russia’s decision to give China a share of prized Arctic exploration licenses as part of a “breakthrough” deal signals how the world’s largest oil and gas producer and the biggest energy consumer are redrawing the global energy map.
The price of gold has been languishing in a trading range for several months, leaving some investors scratching their heads. But a few high-profile investors have been buying all along — and in some cases, really loading up.
Royal Bank of Scotland Group PLC (NYSE:RBS) is considering selling its North American loan and derivative assets for several billion dollars to Japan’s Mizuho Financial Group Inc. (ADR) (NYSE:MFG), according to Bloomberg. Sources privy to the matter told the newspaper that Mizuho will buy the loans to highly rated companies close to their face value.
With all the hand-wringing in the business press about China manipulating its currency, we may be missing the big picture. In a recent op-ed piece in The New Your Times, Thomas Freidman (The World is Flat) calls attention to how China is aggressively investing in the future
For more than a year, Silvercorp Metals Inc. has faced allegations of misconduct at its operations in China. Now they form the basis of a formal lawsuit.
New-York based The Rosen Law Firm P.A has launched a class-action suit against the company and three of its senior executives, including chief executive Rui Feng. They are accused of overstating financial results from Silvercorp’s flagship Ying mine, causing investors to buy the stock at “artificially inflated and distorted” prices.
By David Alton Clark:
Several events have occurred recently that could spur energy stocks higher. According to a recent Reuters report,
"Brent crude for March delivery gained 34 cents to $112.05 a barrel, while February U.S. crude was up 61 cents at $96.17 a barrel, having recovered from a session low at $94.94."