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Saudi Aramco Reportedly Shelves IPO In "Face-Saving" Move
Article By:
Tyler Durden
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Friday, October 13, 2017 2:52 PM EDT
The planned listing of a 5 percent stake in Saudi Aramco is the centrepiece of an economic reform programme led by Saudi Arabia’s powerful crown prince Mohammed bin Salman, who is keen for a 2018 IPO.
Global Natgas Politics Just Got More Heated With This Mega-Deal
Article By:
Dave Forest
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Wednesday, October 11, 2017 1:28 PM EDT
Sinopec is selling its Argentina assets. Rosneft, which just bought into Eni's Zohr natgas field, is said to be interested.
Nikkei 225 - Attempting 24 Year Breakout Again
Article By:
Chris Kimble
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Wednesday, October 11, 2017 9:43 AM EDT
The Nikkei index has found a certain price level very tough to break free from for the past 24 years. At the same time the Nikkei is testing long-term horizontal resistance zone, EEM and EFA are doing the same.
Another Government Is Attempting This Dangerous Mining Strategy
Article By:
Dave Forest
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Tuesday, October 10, 2017 7:32 PM EDT
Governments in mining nations globally are obsessing about “value-added” production, demanding that miners upgrade and refine metals in-country, instead of exporting lower-value products like concentrate.
Nigeria’s Economy To Grow By 0.8%
Article By:
Samed Olukoya
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Tuesday, October 10, 2017 1:30 PM EDT
The International Monetary Fund, today, predicted that the Nigerian economy will grow at 0.8 percent in 2017 and 1.9 percent in 2018.
Emerging Markets: Week Ahead Preview - October 8
Article By:
Marc Chandler
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Sunday, October 8, 2017 4:43 PM EDT
EM FX ended the week under pressure, as US data points to a rate hike in December and perhaps more in 2018. FOMC minutes this Wednesday will be closely studied for clues. US retail sales and CPI data Friday will also be important.
Crude Oil: Nigeria Generates N118tn In 53 Years
Article By:
Samed Olukoya
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Friday, October 6, 2017 3:37 AM EDT
Nigeria, the largest economy in Africa, has now generated more than N118 trillion from crude oil production and refining since production commenced in 1961, the National Bureau of Statistics report has shown.
In this article: OIL
Naira Closes Higher At N363 To A Dollar
Article By:
Samed Olukoya
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Thursday, October 5, 2017 2:13 AM EDT
Increased foreign exchange liquidity has started filtering through key economic sectors and prop up Naira value against the US dollar.
In this article: AFK
Oil Cuts: Saudi’s Economy Contracts For Two Consecutive Quarters
Article By:
Samed Olukoya
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Monday, October 2, 2017 4:23 AM EDT
Saudi Arabia’s economy contracted in the second quarter following OPEC and non-OPEC oil cuts agreement reached in November 2016.
In this article: OIL
Emerging Markets: Preview Of The Week Of October 2
Article By:
Marc Chandler
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Sunday, October 1, 2017 6:02 PM EDT
EM FX firmed Friday, but capped off a bad week overall. We remain negative on EM, and believe selling pressures are likely to persist in Q4.
Emerging Markets: Which Prices To Watch In 2017 And 2018
Article By:
Taki Tsaklanos
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Saturday, September 30, 2017 4:24 PM EDT
Emerging markets are in great shape in 2017. But it appears that questions remain still unanswered: for 2017 and 2018 when will emerging markets become super bullish, when will they turn bearish and when are they neutral.
In this article: EEM
CBN Intervenes With Fresh $308.5M
Article By:
Samed Olukoya
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Saturday, September 30, 2017 11:25 AM EDT
The Central Bank of Nigeria on Friday injected another $308.5 million into the foreign exchange market.
Nigeria’s Manufacturing Sector Sustains Growth For Sixth Consecutive Month
Article By:
Samed Olukoya
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Friday, September 29, 2017 4:22 AM EDT
Nigeria’s factory production continued to grow in September, according to the Central Bank of Nigeria report released on Thursday.
Hyperbitcoinization? Bitcoin Trades At 85% Premium In Zimbabwe - Priced At $7,200
Article By:
Tyler Durden
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Wednesday, September 27, 2017 2:29 PM EDT
The use of Bitcoin in Zimbabwe has grown exponentially as the government has begun to stop all credit card payments and has restricted the flow of cash into and out of the country.
In this article: BITCOMP
Naira Gains Marginally, Closes At N366/$
Article By:
Samed Olukoya
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Tuesday, September 26, 2017 3:42 AM EDT
The Naira appreciated slightly on Monday after trading at N369 for two weeks.