All posts in "Business"

Venezuela awards 2 offshore gas field licenses to Russia’s Rosneft

Published time: 17 Dec, 2017 19:29 Russian energy giant Rosneft has been awarded licenses to two offshore gas fields in Venezuela. The deal was signed as Rosneft CEO Igor Sechin met with Venezuelan President Nicolas Maduro in Caracas on Saturday. According to the agreement a Rosneft subsidiary, Grupo Rosneft, will become the operator of Patao […]


Bitcoin soars above $20,000 mark

Published time: 17 Dec, 2017 12:22 Edited time: 17 Dec, 2017 12:35 The value of bitcoin has shot up to 20,000 US dollars, double the historic 10k mark it hit in late November. The cryptocurrency has surged in value once again, having doubled its value over the past three weeks and reached over twenty times […]


Investors won't dump gold for bitcoin – Goldman Sachs

Published time: 17 Dec, 2017 08:05 Gold and bitcoin buyers are different groups of people, according to Jeffrey Currie, the global head of commodities research at Goldman Sachs. “In our view, bitcoin is attracting more speculative inflows relative to gold,” Currie said in an interview with the Financial Times. According to the analyst, gold ETF […]


Bitcoin hits new record brushing aside worries of potential bubble

Published time: 16 Dec, 2017 13:36 Edited time: 16 Dec, 2017 15:32 Leading virtual currency bitcoin blasted to another all-time high above $ 18,700 on Saturday. Traders are continuing to defy warnings of the risks of investing in the highly volatile and speculative instrument. The cryptocurrency has gained a staggering 1,800 percent this year. This […]


Russian oil pipeline company says its computers were hacked to mine cryptocurrency

Published time: 16 Dec, 2017 11:59 Officials at Transneft told Reuters on Friday its computers had been used for the unauthorized mining of the cryptocurrency monero. Monero is the eleventh-largest virtual currency with a market cap of over $ 5 billion. “Incidents where the company’s hardware was used to manufacture cryptocurrency have been found. It […]


Death and taxes: In ruins of Greek economy unpaid debt more than half of GDP

Published time: 16 Dec, 2017 10:08 Statistics from the International Association of Pattern Recognition (IAPR) shows unpaid taxes in Greece currently make up more than 55 percent of the country’s GDP due to the inability of people to pay the rising taxes. Overdue debt to the state has reached nearly €100 billion with only €15 […]


How long can Europe survive without Russian gas?

If Russian natural gas exports to Italy stop, the country will have only 15 days before the emergency situation, according to La Stampa. What is the scale of European dependence on the Russian gas? Can the US replace it? “In Italy, the share of Russian gas imports is about 37 percent. In Germany, it is […]


China may take over gas project in Iran if France's Total pulls out

Published time: 15 Dec, 2017 11:17 Chinese energy giant CNPC could take over Total’s stake in a major Iranian gas project if the French company is forced to leave Iran over any new US sanctions, sources told Reuters. Read more Total signed the $ 1 billion deal to develop the South Pars gas field this […]


PutinCoin surges 126% on cryptocurrency exchange

Published time: 15 Dec, 2017 10:39 Edited time: 15 Dec, 2017 10:51 A peculiar cryptocurrency named after the Russian president, PutinCoin, was among the best-performing digital assets on Friday. Read more PutinCoin was up 126 percent on the cryptocurrency exchange YoBit on Friday, trading at $ 0.04. The currency has a market cap of over […]

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