As analysts predicted, UK Chancellor George Osborne used his Autumn Statement Wednesday to announce tax breaks and the creation of a government office to simplify regulation of the unconventional gas sector.
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.