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Daily Archives: December 2, 2014

Bloomberg: The price of oil may Fall below $ 40 a Barrel

The fall in oil prices, which is already called the biggest since the 2008 financial crisis may lead to global consequences, the ones compared to the collapse of the Soviet Union, Bloomberg reports. Oil this year has lost 38% in value. Such a decline may continue as long as the …

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Bill Gates Reveals The Best Business Book He’s Ever Read

LinkedIn Influencer Bill Gates published this post originally on LinkedIn. Not long after I first met Warren Buffett back in 1991, I asked him to recommend his favorite book about business. He didn’t miss a beat: “It’s ‘Business Adventures,’ by John Brooks,” he said. “I’ll send you my copy.” I …

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Russia intervenes as crumbling ruble echoes 1998 debt crisis

Russia’s central bank was forced to step in to defend the ruble on the foreign exchanges on Monday after fears over the economy’s vulnerability to a weak oil price sent the currency to a record low against the dollar. Moscow was forced to abandon its hands-off policy towards the ruble …

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Russia’s Impact Fully Absorbed by Lower Oil Prices

Georgia is continuing to grow robustly by 5.9% y/y in 9M14 despite Russia’s economic slowdown and regional turbulence. We expect the solid performance to continue. Remittances, the biggest exposure for Georgia to Russia, remain resilient, as a decline in Russian transfers was fully offset by higher remittances from other countries. …

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