Finance

China to generate a quarter of electricity from wind power by 2030

Report says figures could rise to nearly one-third with power sector reforms, making it the world wind energy leader by a large margin.. China is on track to generate more than a quarter of its electricity from wind power by 2030, and the figure could rise to nearly a third with power sector reforms, a new study has found… Source: China to generate a quarter of electricity from wind power by 2030 | Environment | The Guardian Read More »

Refugees can offer economic boost to their host countries

Refugees are often considered an economic burden for the countries that take them in, but a new study conducted by UC Davis with the United Nations World Food Program indicates that refugees receiving aid—especially in the form of cash—can can give their host country’s economy a substantial boost. The researchers found that these economic benefits significantly exceeded the amount of the donated aid. The findings come as refugee numbers around the world are growing. In 2015, an estimated 15.1 million ... Read More »

3 Reasons China Fears Brexit

China’s economic opportunities in Europe would vanish with Britain’s departure.. Ivan Lidarev No doubt, the United States stands to lose a great deal from a Brexit. In recent months, countless commentators, as well as the Obama administration, haveemphatically made this point. But few analysts have noted that the same holds true for China. Britain’s departure from the EU would be a costly economic and political blow to China, which worries Beijing. Thus, China has quietly but… Source: 3 Reasons China ... Read More »

Premarket: Sell-off abates as Brexit opinion seen shifting

Shares, oil and bond yields rose on Friday after a tumultuous week and as campaigning for Britain’s EU membership vote next week was suspended after the killing of a pro-”Remain” politician. European bourses rebounded 1.5 per cent after a third straight week of falls and bond markets saw benchmark 10-year German bond yields claw back up to the zero mark as risk appetite slowly began to return… Source: Premarket: Sell-off abates as Brexit opinion seen shifting – The Globe and ... Read More »

As victims pile up, the binary options industry parties in Cyprus

Passing the buck, blaming the clients, and dancing gangster-style: Behind the scenes at the scandal-wracked industry’s annual festive get-together.. LIMASSOL, Cyprus — The first person I met at the IFX Expo, an annual summit for the binary options and forex industry held at the Palais des Sports in this industrial Mediterranean port, was a prim Russian woman in her thirties who had recently taken a job with a binary options company in Israel… Source: As victims pile up, the binary ... Read More »

Gross says negative yields will lead to ‘supernova’-like market implosion

Government bond yields hit record lows, spook investors As yields on government bonds across the globe march toward fresh record lows, bond guru Bill Gross continues to sound the alarm. Early Friday, he tweeted via Janus Capital that global yields are their lowest in “500 years of recorded history.” The fixed-income expert, who manages the firm’s unconstrained bond strategy, cautioned that record-breaking low yields and negative interest rates emerging in places like Japan and parts of Europe could have… Source: ... Read More »

IMF Go Home

Eurozone finance ministers and the IMF have agreed with Greece to begin providing some debt relief to the country, and to release $10.3 billion in bailout funds. But all parties would have been better off had the IMF been cut out of the deal, in favor of greater reliance on European loans… Source: IMF Go Home by Daniel Gros – Project Syndicate Read More »

Greek Leaks Expose IMF Chief Overruling Pro-Debt Relief IMF Negotiator

Securities lawyer Dimitri Lascaris says recent leaks to the press show that IMF Chief Lagarde forced her negotiator to give up the previously stated position to insist that creditors offer debt relief to Greece.. Recent press reports have revealed that International Monetary Fund chief Christine Lagarde forced her negotiator to renege on an agreement that would have provided debt relief to Greece. Eurozone finance ministers and the IMF appeared to reach a deal last week that would have cleared the ... Read More »

The Left backing Brexit: The European Union won’t bend

The EU is a game set up more for big business than for ordinary people. Many people’s response to seeing massive structural flaws within the European Union is to say “Yes, of course the EU isn’t perfect, but it’s better to stay in and reform it than give up and leave.” This is the Labour party line, which we tend to hear whenever an awkward truth is brought up in a debate: Yes it is awful, but let’s try and ... Read More »

Trains grind to a halt as strikes grip France

Transport chaos hit France again on June 1, just nine days ahead of Euro 2016, as railway workers went on strike in the latest salvo of a months-long battle between the government and unions.. Between a third and half of France’s trains were expected to grind to a halt, as workers from railway operator SNCF launched their eighth strike in three months, this time saying it will continue until demands for better pay and conditions are met… Source: Trains grind ... Read More »

How much is the bank making on your mortgage?

Irish banks earn the second highest margins on new mortgage lending in the Eurozone ECB figure show.. It’s difficult to avoid mortgages these days. Pick up a paper or turn on the radio and it seems it won’t be long before mortgages make an appearance; no, not people taking them out, but the shocking disparity – of about 2 percentage points – between what Irish property owners are paying on variable interest… Source: How much is the bank making on ... Read More »