Tag Archives: Investor

US-China trade war a warm-up for global financial crisis, warns investor Mark Mobius

Expect big problems with the global economy as the trade conflict between the United States and China escalates, predicts veteran investor Mark Mobius. Read more “There’s no question we’ll see a financial crisis sooner or later because we must remember we’re coming off from a period of cheap money. “There’s going to be a real squeeze for many of these ...

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US dollar will crash & burn because of trade war with China – investor Peter Schiff

The idea that a trade war between US and China is good for the dollar is complete nonsense, according to investor Peter Schiff. He believes that greenback will only depreciate. “The thinking is – at least when it comes to trade – is that the dollar is going to benefit from a trade war, which I think is wrong. I ...

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European businesses shouldn’t be held hostage by US sanctions against Russia – investor

US sanctions against Russia are pointless and completely out of order, the President of Thomas Vendome Investment Jean-Pierre Thomas told RT at the St Petersburg International Economic Forum (SPIEF). Thomas said he does not understand why the European economy should be impacted. “Sanctions are the sole decision of the United States, it’s not the decision of Europe and even the ...

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Coming financial crisis will be much worse than Great Depression – investor Peter Schiff

The Great Depression will pale in comparison to the next financial crisis which could soon be coming, according to investor Peter Schiff, famous for his doomsday predictions. “The bad news is, we are going to live through another Great Depression and it’s going to be very different. This will be in many ways, much much worse than what people had ...

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Gold could explode at any minute – investor Peter Schiff

Fears of a trade war between the US and China have cast a shadow over Wall Street and spurred the buying of gold as a safe haven. Investor Peter Schiff is convinced that gold is on the verge of a breakthrough. We are already in a bear market, Schiff said in his latest podcast. Technically, analysts don’t start talking ‘bear ...

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Russian high-speed railway project attracts another European investor

Italy has joined the list of countries seeking to participate in the ambitious Moscow-Kazan high-speed railway project. According to TASS, the government of the Russian Republic of Tatarstan on Thursday signed a memorandum of understanding with a number of Italian companies. They want to invest in the construction of the Moscow-Kazan high-speed railway. Statistics showed that in 2017, trade turnover ...

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US Fed will kill bitcoin eventually, investor warns

Bitcoin will not be part of US monetary policy, so the Federal Reserve will crack down on it, portfolio manager Steve Chiavarone warns. However, the blockchain technology behind cryptocurrencies will remain. “The currency itself isn’t a great medium of exchange, it’s not a great store of value. It has a fixed amount so the Fed would have to kill it ...

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Bitcoin crash sparks investor appetite for gold

A major correction on the cryptocurrency market has revived investor interest in the world’s oldest commodity. Gold has seen a breakneck-paced rally this month. Read more Bullion dealer Sharps Pixley said physical gold sales increased fivefold on Wednesday, as people were willing to sell digital gold and buy the real thing. “Yesterday was a hell of a crazy day. Emails ...

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Chinese game streaming platform Chushou raises Series D, adds Google as investor

Google has added Chinese mobile game livestreaming platform Chushou to its list of investments in Asia. The Beijing-based startup announced today that it has closed a Series D round, which Google joined as a new investor, that brings its total funding so far to over $ 120 million. Chushou’s previous investors Qiming Venture, Shunwei Capital and Alpha X Capital, also ...

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Moscow court sentences US-born investor Browder to 9 years for massive tax fraud

A court in Moscow has sentenced US-born financier William Browder in absentia to nine years in a penal colony, after convicting him of a $ 79 million tax fraud. Browder, who is now a UK citizen, is known as the main lobbyist behind the anti-Russian ‘Magnitsky Act’ sanctions. The court also ordered Browder to pay a fine of 200,000 rubles ...

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