"The global economy seems stuck in a subdued low-productivity growth pattern," says world's number two miner after reporting lowest earnings in 12 years.
Back in October Market Trend Forecast warned about a likely “ wave 2” correction in Gold. One of their biggest concerns was that the sentiment surveys were running very hot at the time – 88% if advisors polled were bullish on gold.
Mining billionaire Roman Abramovich, the Russian tycoon who owns the Chelsea soccer club, has stepped into Norilsk Nickel’s long-running management dispute between its two main shareholders by buying a 7.3% stake in the company.
China is about to set a record year for outbound M&A, especially if the impending $15.1 billion CNOOC - Nexen deal sees the light before the end of 2012. So where and how much is China investing these days? Firmex came up with a great infographic that explains it all.
Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark Ukraine-Spain gas deal that would have loosened Russia's gas grip on Kiev.
The Eagle Ford shale formation lies south of our headquarters in San Antonio, Texas, giving the U.S. Global investment team a firsthand, tacit perspective on the oil and gas industry’s growing natural resources phenomenon. We’ve witnessed h...