All posts in "Business"

Bitcoin ‘going to implode’ like Enron – Saudi billionaire Alwaleed

Published time: 23 Oct, 2017 20:45 Edited time: 23 Oct, 2017 20:46 Bitcoin is going to implode, repeating the fate of US energy and commodities giant Enron, Saudi billionaire investor Prince Alwaleed bin Talal said. Read more “It just doesn’t make sense,” Alwaleed told CNBC‘s Squawk Box program when asked about the prospects for Bitcoin. “This […]


Big money remains wary of bitcoin due to high risk

Despite all the hype surrounding the rapid growth of digital currencies, mainstream institutional investors still opt to stay away from the newly-emerging market. Read more Since 2011, the world’s most popular digital currency, bitcoin, outpaced all the world’s currencies, except for 2014. The combined value of the world’s cryptocurrencies has increased tenfold this year to […]


China drives natural gas demand boom

For much of the past two decades, China has been the main driver of global oil demand growth. In the coming two to three decades, China is expected to become the leading determinant in global natural gas demand as well, outpacing the US as the biggest natural gas consumer at some point between 2040 and […]


Singapore to limit number of cars on its roads from 2018

Published time: 23 Oct, 2017 14:38 As one of the world’s most expensive places to own a vehicle, Singapore is to cap the number of vehicles on its streets next year due to lack of space. The move is in conjunction with efforts to improve the nation’s public transport system. Read more According to the […]


First Russian IPO in London since sanctions to test Western investor sentiment

Published time: 23 Oct, 2017 13:34 Russian metals tycoon Oleg Deripaska would like to see a valuation of at least $ 8.5 billion for his aluminum and hydrocarbon business in the first Russian IPO in London since 2014. The EN+ listing will test investor sentiment toward a major Russian company since relations between the Kremlin […]


Russian tourism to Turkey surges in first half of 2017

Published time: 23 Oct, 2017 09:56 Edited time: 23 Oct, 2017 09:56 Turkey has started to win back Russian tourists, with visitor numbers growing tenfold in the first half of this year. Read more “The flow of tourists to Turkey increased significantly this year due to lifting restrictions that were introduced earlier for charter flights. […]


'Wolf of Wall Street' calls initial coin offerings 'biggest scam ever'

Published time: 23 Oct, 2017 10:55 Edited time: 23 Oct, 2017 10:56 Notorious financier Jordan Belfort, once known as the “Wolf of Wall Street,” is warning initial coin offerings (ICOs) are a scam that will blow up in people’s faces. Belfort was played on screen by Leonardo DiCaprio in the Oscar-nominated movie The Wolf of […]


Mexican airline interested in buying Russian MC-21 passenger jet

Published time: 23 Oct, 2017 10:08 The Mexican carrier Interjet is interested in acquiring Russian MS-21 aircraft, company president Miguel Aleman Velasco told RIA Novosti. Read more “We are very interested in the MC-21, because its components are lighter, it consumes less fuel… Its engines are from North America, but we hope that Russia will […]


Russia goes all in on Arctic oil development

Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. Read more In April, state-controlled oil giant Rosneft started drilling the northernmost well on the Russian Arctic shelf in the Khatangsky license area in the Laptev Sea. In June, Rosneft struck first oil in the Eastern […]


Bitcoin surges to over $6,000 to set new record for 2 weeks in a row

Published time: 20 Oct, 2017 23:24 Edited time: 21 Oct, 2017 00:14 The world’s most popular digital currency, Bitcoin, has topped another threshold, reaching $ 6,031 on Friday. It comes less than a week after the cryptocurrency smashed the $ 5,000 benchmark. Just two days before climbing to the new high, Bitcoin registered its largest […]

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