David Hunkar submits: The country of Botswana in Africa is the biggest producer of diamond in the world by value. The second and third top producers are Russia and Canada, respectively. It is interesting to note that Canada is the third largest producer of diamonds.Complete Story »
Finding evidence to pop the talk of a gold bubble is much easier than finding a needle in a haystack. There are enough needles of evidence out there to fill a pin cushion. The latest Gold Demand Trends Report from the World Gold Council (WGC) contained two salient visuals of how the dynamics of the global gold market have shifted from the West to the East over the past 40 years.
Today we’ll take a look at supply, and tomorrow we’ll dive into demand.
David Hunkar submits: As the Euro dipped to a four-year low and stocks fell further Friday, gold prices rose. Gold for August delivery rose 0.6% to reach $1,217,90 an ounce on the New York Mercantile Exchange.
David Hunkar submits: For the first time since 1991, Russia beat Saudi Arabia in 2009 to become the the world’s biggest producer of crude oil. Russia’s average output was 10.0 million barrels per day compared to 9.7 million barrels by Saudi Arabia. The Top 10 Global Crude Oil Producers in 2009Complete Story »
The U.S. will surpass Russia as the world’s top oil producer by 2015, and be close to energy self- sufficiency in the next two decades, amid booming output from shale formations, the International Energy Agency said.
Botswana for years was hailed as an economic success story, but the collapse in demand for the country's diamonds has hit revenues hard and raised questions about an ambitious spending scheme.Botswana produces 22 percent of the world's diamonds, making it the top producer and accounting for half of government revenue. The country prides itself as a model of a successful African democracy.But in 2009, Botswana halved output and suspended much of its diamond activities as the global economic crisis hit its mines.
The United States will become the world’s largest oil producer next year – overtaking Russia – thanks to its shale oil boom which has transformed the global energy landscape, the West’s energy watchdog said on Friday.
The prediction comes only days after estimates by the U.S. government showed the United States, the world’s largest oil consumer, has ceded its ranking as top global oil importer to China, thanks to the shale revolution cutting import needs.
Prestigious jeweller Harry Winston, which was acquired earlier this year by Swatch Group, bought a new colourless, flawless 101.73-carat diamond for a record $26.7 million at an auction in Geneva, auction house Christie's said.
David Hunkar submits: The Top 25 Banks in North America and Western Europe based on Tier 1 Capital in 2009 are listed below. This ranking is part of the annual World’s Top 1,000 Banks published by the The Banker magazine of the UK. A) Top Banks in North AmericaComplete Story »
David Hunkar submits: Switzerland-based food and nutrition company Nestle SA(OTC: NSRGY.PK) is the world’s top dairy company based on sales. In the “Global Dairy Top-20″ list published by the Dutch financial services provider Rabobank Group, European and US players dominate the top 10 ranks: Global Dairy Top-20