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Kuwait Implements Comprehensive Ban On Cryptocurrencies: What You Need To Know
Thursday, July 20, 2023 - 3:43pm | 491Kuwait joined the list of jurisdictions implementing a comprehensive ban on cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), as the country's main financial regulator, the Capital Markets Authority (CMA), issued a circular outlining strict guidelines for...
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OPEC+ Just Announced Oil Output Cuts In A Surprise Move. Here's How It Could Really Affect You.
Sunday, April 2, 2023 - 12:30pm | 636OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows. What Happened: The combined cut announced by the oil consortium will be around 1.16 million...
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This Day In Market History: Iraq Invades Kuwait
Monday, August 2, 2021 - 10:00am | 241Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1990, Iraq invaded Kuwait. Where The Market Was: The Dow Jones Industrial Average closed at 2,864.60 and the S&P 500 traded at 351.48. What Else Was Going On In The...
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Some Positive Indexing News For A Frontier Markets ETF
Wednesday, June 15, 2016 - 1:11pm | 484After the close of U.S. markets Tuesday, index provider MSCI Inc (NYSE: MSCI) released its annual market classification. Most investors awaiting the MSCI news were focusing on the index provider's decision on whether or not to include China A-shares in its emerging markets benchmarks, but there...
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Betting On The Brent ETF? Watch These Factors
Tuesday, April 19, 2016 - 1:11pm | 482Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract. USO And BNO However, Brent futures are the global oil benchmark contract. Fortunately,...
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Fallout From The Disastrous Doha Oil Producers Meeting: Is The Rally Over?
Monday, April 18, 2016 - 4:18pm | 521The highly-anticipated meeting of OPEC and non-OPEC global oil producers this weekend in Doha did very little to inspire confidence among oil investors that a timely solution to the massive crude oil glut is imminent. Although the purpose of the meeting was to discuss a potential global production...
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Oil Prices Fluctuate On Oversupply Worries
Thursday, March 31, 2016 - 9:15am | 266Oil prices were highly volatile on Thursday, as commodity investors and traders' focus turned to an upcoming meeting between OPEC and non-OPEC producing nations. According to the Wall Street Journal, a dozen countries have confirmed their attendance for an April 17 meeting to discuss an output...
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ISIS And Investment: How Terrorism Strikes The Global Economy
Friday, June 26, 2015 - 1:52pm | 1256Four coinciding terrorist attacks rocked the world almost simultaneously on Friday morning. At approximately 10 a.m. in southeastern France, a man who had been flagged for suspected extremist ties in 2006 rammed a car into a gas factory. The collision triggered an explosion, which injured two...
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Spate Of Terror Attacks On 3 Continents Leaves Dozens Dead
Friday, June 26, 2015 - 10:15am | 323A spate of terror attacks on three continents left at least dozens dead and an unknown toll of wounded Friday. Air Products & Chemicals, Inc. (NYSE: APD)'s gas factory in southern France was the site of a suspected attack that apparently sought unsuccessfully to blow up the site. At...
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Is Obama's Iran Deal Falling Apart?
Monday, May 11, 2015 - 2:00pm | 354President Obama has been working to secure a pact with Iran to curb the nation's nuclear activity in exchange for loosened sanctions that have squeezed the nation's economy for years. While the deal is expected to open up a variety of investment opportunities for the Iranian economy, many see it...
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Choose Wisely With 'Frontier Market' ETFs
Friday, April 25, 2014 - 4:00pm | 475Frontier markets are on the outer fringe of the international investment community, and are considered less developed than emerging markets. In addition, they generally involve countries with questionable political and economic stability due to leadership missteps. Many of these countries...
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Kuwaiti Oil Minister Says Oil May Skyrocket
Tuesday, August 3, 2010 - 8:13am | 41In a tweet from Zero Hedge, Kuwait's oil minister Sheikh Ahmad al-Abdullah al-Sabah has said that he thinks the price of oil may reach $100/barrel by 2011. Oil closed at at $81.24/barrel on Monday.
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Kuwait Fund Not Looking To Sell Off Stake in Bank of America Merrill (BAC) and Citigroup (C)
Monday, September 7, 2009 - 9:58am | 154According to the Associated Press, the Kuwaiti sovereign wealth fund has no plans to sell off its stakes in both Bank of America / Merrill Lynch (NYSE: BAC) and Citigroup (NYSE: C) because it believes in the long-term viability and potential in Bank of America /Merrill Lynch and Citigroup. "The...