(Adds details, analysis)By Andrew TorchiaDUBAI, Jan 1 (Reuters) - Oman's state budget for 2018, approved by ruler Sultan Qaboos on Monday, boosts spending at the expense of running a large deficit, despite increasing concern among credit rating agencies about the health of the country's finances.The budget projects spending of 12.5 billion rials ($32.5 billion) this year, up from 11.7 billion in...Read More
* Gasoline hike came sooner than some had expected* May combine with VAT introduction to hit consumption* Saudi Public Transport shares rise, Budget Saudi falls* Telecommunications firm Mobily jumps* Other major regional bourses closed for holidays By Andrew TorchiaDUBAI, Jan 1 (Reuters) - Saudi Arabia's stock market fell on Monday after the government sharply raised domestic gasoline prices, a s...Read More
December 31, 2017 marked the end of an era for one of Canada's oldest and most prolific gold mines.After 107 years of operations, Porcupine Gold Mines' Dome underground mine in Timmins, Ontario, ceased operations due to aging infrastructure, low productivity and depleted resources. The minelife had been extended for 18 months in July 2016.According to a local news site, the mine's 140 workers had...Read More
Roku (NASDAQ:ROKU), operator of the eponymous (and seemingly ubiquitous) streaming entertainment platform, made its Nasdaq trading debut as recently as Sept. 28, when the stock's initial public offering (IPO) priced at $14 per share. After a big two-day post-IPO rally, it was a tough slog for ROKU over the next month. From their Sept. 29 close at $26.54, the shares went on to shed 29% of their val...Read More
NEW DELHI, Jan 1 (Reuters) - India's annual infrastructure output grew 6.8 percent in November from a year ago, government data showed on Monday.The growth in output compares with an upwardly revised 5.0 percent year-on-year growth in October.During April-November, the annual output growth was 3.9 percent, data showed.Infrastructure output, which comprises eight sectors such as coal, crude oil and...Read More
CAIRO, Jan 1 (Reuters) - INTEREST RATESLatestLast change PreviousCentral18.75 06/07/1716.75 bank o/n depositCentral19.75 06/07/1717.75bank o/n lendingCentral19.25 06/07/1717.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 2630.819.4consumerNovemberprices(year-on-year,pct change) CoreinflatioNovember25.5330.53 20.73n (year-on-year,pct change) Foreign November36.72336.70323.0...Read More
Jan 1 (Reuters) - Indian shares ended lower on Monday, recording their biggest daily percentage fall in a month, with financial and IT stocks leading the losses.The benchmark BSE index closed down 0.72 percent at 33,812.75. The broader NSE index ended 0.90 percent lower at 10,435.55.For midday report, click (Reporting by Tanvi Mehta in Bengaluru; Editing by Vyas Mohan) Disclaimer: The views expre...Read More
ISLAMABAD, Jan 1 (Reuters) - Pakistan's annual inflation rate jumped to 4.57 percent in December from 3.97 percent a year earlier, the state Bureau of Statistics said on Monday.On a month-on-month basis, inflation decreased 0.1 percent in December over the previous month, the bureau said.Food items such as tomatoes, onions and pulse mash were the main reasons for the decrease in month-on-month pri...Read More
Featured GuestsBill Murphy & CEO Dylan SenterShow HighlightsHappy New year. Spectiv CEO Dylan Senter and colleague Nick make their show d?but appearances. Spectiv is at the cutting edge of the 3D / Virtual Reality (VR) phenomenon, the future of YouTube video and gaming.VR is considered by many technologists as a key sector of the next 10 years. Proviso - Due to unforeseen technical issues, confe...Read More
By John MauldinObjects in MotionFed Pops Its Own BubbleThe Trump EffectWhat Could Go Wrong?What to Do Black-Eyed Peas, Hong Kong, Sarasota, and BostonIn addition to popping champagne corks and black-eyed peas (at least in the South) on New Year's Day, year-end brings something else for economists and portfolio managers: annual forecasts. People want to know what the coming year will bring. I wou...Read More
We have seen an unusually steady uptrend in copper this month, that has resulted in it appreciating by about 10%, which might not sound like much, but makes a big difference if you are a producer with fixed costs. What is remarkable about this uptrend is not only that it came hard on the heels of a high volume smackdown in the early days of the month that at the time looked bearish, but that we...Read More
By Gary SavageThis video provides a comprehensive examination of the expected price performance of the stock, energy, precious metals and currency markets in 2018. https://blog.smartmoneytrackerpremium.com/ Read More
Featured GuestsBill Murphy & CEO Dylan SenterShow HighlightsHappy New year. Spectiv CEO Dylan Senter and colleague Nick make their show d?but appearances. Spectiv is at the cutting edge of the 3D / Virtual Reality (VR) phenomenon, the future of YouTube video and gaming.VR is considered by many technologists as a key sector of the next 10 years. Proviso - Due to unforeseen technical issues, confe...Read More
By John MauldinObjects in MotionFed Pops Its Own BubbleThe Trump EffectWhat Could Go Wrong?What to Do Black-Eyed Peas, Hong Kong, Sarasota, and BostonIn addition to popping champagne corks and black-eyed peas (at least in the South) on New Year's Day, year-end brings something else for economists and portfolio managers: annual forecasts. People want to know what the coming year will bring. I wou...Read More
We have seen an unusually steady uptrend in copper this month, that has resulted in it appreciating by about 10%, which might not sound like much, but makes a big difference if you are a producer with fixed costs. What is remarkable about this uptrend is not only that it came hard on the heels of a high volume smackdown in the early days of the month that at the time looked bearish, but that we...Read More
By Gary SavageThis video provides a comprehensive examination of the expected price performance of the stock, energy, precious metals and currency markets in 2018. https://blog.smartmoneytrackerpremium.com/ Read More
By Michael J. KosaresWith such a solid end to 2017, it prompts the question what we might expect of gold in 2018. The most immediate question is whether or not it will pick up where it left off 2017 and continue its climb into the New Year, or fizzle and spend the year going sideways or worse, down. I have refrained from the perennial turn of the year prediction sweepstakes for a number years, b...Read More
In this final podcast of 2017, Chris sits down with Robert Helms and Russell Gray, better known as The Real Estate Radio Guys. They run one of (if not the most) popular podcasts on real estate investing.Chris and I got to know Robert and Russ well during this year's Summit At Sea, their week-long investing seminar, at which Peak Prosperity received a featured spot among the faculty. It was a prett...Read More