Russia’s attack on Ukraine disrupts supply chains; may spike shipping costs
02/25/2022 12:38 PMThe outbreak of war between Russia and the Ukraine this week will not have major implications on the global supply chain outside of one potential item – shipping costs. That is the assessment of one leading analyst, who noted that while he does not expect any large...
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China Moves To Restrict Financing For Russian Commodities
02/25/2022 11:39 AMAccording to Bloomberg, the Industrial and Commercial Bank of China (ICBC) has ceased the issuance of dollar-denominated letters of credit for physical Russian commodities purchases. Beijing’s move is an apparent attempt to comply with U.S. and European sanctions. On...
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Quote of the Day
02/24/2022 2:03 PM"Most EU leaders, even the ones in the East who grasp the danger Putin represents, are a generation removed from confrontation and conflict. They are vegetarians in a steakhouse, wondering why there's no salad on the menu." Garry Kasparov, Chair Human Rights...
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Schachter’s Eye on Energy for February 24
02/24/2022 1:36 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Map Explainer: Key Facts About Ukraine
02/24/2022 1:14 PMThe modern state of Ukraine was formed nearly 30 years ago after the collapse of the Soviet Union in 1991. Since then, the country has often made headlines due to political instability and the looming threat of a Russian invasion. In the map graphic above, we examine...
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Gold price blasts to 15-month peak as war returns to Europe
02/24/2022 11:41 AMGold blasted to its highest since 2020 after Russian forces attacked targets across Ukraine, triggering the worst security crisis in Europe since World War II and further crushing risk sentiment across the global markets. The move sparked a flight to haven assets,...
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B.C. home price $685,000 higher than any other western province
02/23/2022 1:27 PMThe average home price in British Columbia has increased 23.5% in the past year to top $1 million for the first time, according to the BC Real Estate Association (BCREA), despite total sales in January falling nearly 15% from a year earlier. To put this in...
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The case for bitcoin as ‘digital gold’ is falling apart
02/23/2022 12:09 PMA key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices. The price of bitcoin fell to a two-week low Tuesday after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two...
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Russia Vows A “Strong Response” To The First Tranche Of U.S. Sanctions
02/23/2022 11:51 AMThis week, the West has pushed out a coordinated effort to punish Russia following its move into separatist territories in Ukraine. Moscow is now vowing a “strong” and “well-calibrated” response to the West’s actions. Ukraine took a series of steps on February 23 to...
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Quote of the Day
02/23/2022 11:18 AM'In December 2020 Mr. Trudeau chided India for its police response to farmers’ blockades of Delhi. “Let me remind you,” he said, “Canada will always be there to defend the right of peaceful protest.” Mr. Trudeau prattles on about rights half a world away but won’t...
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