Money Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846VERESEN INC. Veresen is the former Fort Chicago Energy Partners L.P., and is principally invested in the energy infrastructure business. It has interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; a midstream business with interests in a natural gas liquids;...Read More
Consign forward guidance to the bin … It would be better for the Bank of England to go back to the simplicity of inflation targeting "With a solid recovery finally in prospect, the earlier the Bank of England ditches the extra stimulus that is no longer required the better" The Bank of England's forward guidance is achieving nothing useful and could become dangerous. It is time...Read More
Why 'anti-European populists' won't win big in the European elections … For months EU politicians have been warning us about the upcoming elections for the European Parliament (EP), to be held in May in all 28 member states. European Commission President Jose Barroso recently predicted "a festival of unfounded reproaches against Europe" as a consequence of the EU-wide &...Read More
Consign forward guidance to the bin … It would be better for the Bank of England to go back to the simplicity of inflation targeting "With a solid recovery finally in prospect, the earlier the Bank of England ditches the extra stimulus that is no longer required the better" The Bank of England's forward guidance is achieving nothing useful and could become dangerous. It is time...Read More
Why 'anti-European populists' won't win big in the European elections … For months EU politicians have been warning us about the upcoming elections for the European Parliament (EP), to be held in May in all 28 member states. European Commission President Jose Barroso recently predicted "a festival of unfounded reproaches against Europe" as a consequence of the EU-wide &...Read More
Iraq is poised to flood the oil market by tripling its capacity to pump crude by 2020 and is collaborating with Iran on strategy in a move that will challenge Saudi Arabia's grip on the Organisation of Petroleum Exporting Countries. "We feel the world needs to be assured of fuel for economic growth," Hussain al-Shahristani, Deputy Prime Minister for Energy in Iraq told oil industry d...Read More
From Austerity to Abundance: Why I Am Running for California Treasurer … Governor Jerry Brown and his staff are exchanging high-fives over balancing California's budget, but the people on whose backs it was balanced are not rejoicing. The state's high-wire act has been called "the ultimate in austerity budgets." … There is another way to balance a state budget, one th...Read More
Iraq is poised to flood the oil market by tripling its capacity to pump crude by 2020 and is collaborating with Iran on strategy in a move that will challenge Saudi Arabia's grip on the Organisation of Petroleum Exporting Countries. "We feel the world needs to be assured of fuel for economic growth," Hussain al-Shahristani, Deputy Prime Minister for Energy in Iraq told oil industry d...Read More
From Austerity to Abundance: Why I Am Running for California Treasurer … Governor Jerry Brown and his staff are exchanging high-fives over balancing California's budget, but the people on whose backs it was balanced are not rejoicing. The state's high-wire act has been called "the ultimate in austerity budgets." … There is another way to balance a state budget, one th...Read More
Bitcoin Foundation's Shrem Charged in Silk Road Drug Case … Two men tied to the illicit online market Silk Road, including Bitcoin Foundation Vice Chairman Charlie Shrem, were charged by U.S. Attorney Preet Bharara today in a complaint filed in Manhattan federal court. The vice chairman of the Bitcoin Foundation was charged by federal prosecutors with conspiring to launder more than $1 m...Read More
Tony Blair says that religious extremism has become the biggest source of conflict around the world. Tony Blair has reignited debate about the west's response to terrorism with a call on governments to recognise that religious extremism has become the biggest source of conflict in the world. Extremist religion is at root of 21st-century wars, says Tony Blair … – UK GuardianDominant...Read More
Bitcoin Foundation's Shrem Charged in Silk Road Drug Case … Two men tied to the illicit online market Silk Road, including Bitcoin Foundation Vice Chairman Charlie Shrem, were charged by U.S. Attorney Preet Bharara today in a complaint filed in Manhattan federal court. The vice chairman of the Bitcoin Foundation was charged by federal prosecutors with conspiring to launder more than $1 m...Read More
Tony Blair says that religious extremism has become the biggest source of conflict around the world. Tony Blair has reignited debate about the west's response to terrorism with a call on governments to recognise that religious extremism has become the biggest source of conflict in the world. Extremist religion is at root of 21st-century wars, says Tony Blair … – UK GuardianDominant...Read More
HSBC imposes restrictions on large cash withdrawals … Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000. HSBC admitted it has not informed customers of...Read More
HSBC imposes restrictions on large cash withdrawals … Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000. HSBC admitted it has not informed customers of...Read More
China loses its allure … Life is getting tougher for foreign companies. Those that want to stay will have to adjust … For the past three decades, multinationals have poured in. After the financial crisis, many companies looked to China for salvation. Now it looks as though the gold rush may be over. – EconomistDominant Social Theme: China is finished. Goodbye. Better look to the...Read More
Seven reasons why the Arab uprisings are eclipsing western values … This year marks the twenty-fifth anniversary of the collapse of the Berlin Wall — an event that led Francis Fukuyama to predict the end of history and the beginning of universal western liberal values. It is three years since the Arab uprisings threatened to upend the Middle East and North Africa. Many at that time pre...Read More
China loses its allure … Life is getting tougher for foreign companies. Those that want to stay will have to adjust … For the past three decades, multinationals have poured in. After the financial crisis, many companies looked to China for salvation. Now it looks as though the gold rush may be over. – EconomistDominant Social Theme: China is finished. Goodbye. Better look to the...Read More
Seven reasons why the Arab uprisings are eclipsing western values … This year marks the twenty-fifth anniversary of the collapse of the Berlin Wall — an event that led Francis Fukuyama to predict the end of history and the beginning of universal western liberal values. It is three years since the Arab uprisings threatened to upend the Middle East and North Africa. Many at that time pre...Read More
Crippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel Weber … Ex-Bundesbank head Alex Weber expects fresh market attacks on eurozone this year and economist Kenneth Rogoff says the euro was a "giant historic mistake." … A top panel of experts in Davos has poured cold water on claims that the European crisis is over, warning that the eurozone remai...Read More