Investors in the United States are rapidly buying farmland, seeking to use agricultural properties as a hedge against inflation in their portfolios as food prices reach record highs. Agricultural land value has risen by as much as 30 percent in the past year, as rampant price inflation drives many investors to seek out reliable, relatively…
Russia Nears Default After US Blocks Bond Payment, Moscow Vows to Pay in Rubles
Russia is inching closer to a technical default on its international debt after foreign banks had declined to process payments of more than $600 million this week. The United States prevented Moscow from completing dollar-denominated debt payments to bondholders from reserves parked at American banks, noting that the Kremlin had to choose between exhausting its…
Canada’s Energy CEOs Position Companies for Stability Amid Cash Flow Boom
Oil and gas stocks have been the champions of the first quarter of 2022, but industry executives, having learned hard lessons from prior downturns, are treating this boom differently.
Gold Prices Flat as Firmer Dollar, Yields Dim Safe-Haven Demand
Gold prices were flat on Wednesday as hawkish comments from U.S. Federal Reserve officials bolstered the dollar and Treasury yields to multi-year highs, denting bullion’s safe-haven demand and offsetting support from uncertainty around the Ukraine war. Spot gold was flat at $1,922.59 per ounce, as of 3:20 a.m. GMT, after declining 0.4 percent earlier in…
Loop Capital Remains Bullish on Disney Despite Slashing Price Target by 13 Percent
Loop Capitalanalyst Alan Gould lowered the price target on The Walt Disney Co. to $165 from $190 (19 percent upside) but kept a Buy rating on the shares. The analyst noted the performance of the company’s Parks business is “more than a reopening play,” boosting his operating income potential on the segment to over $6.5 billion versus the…
Famous Brands Could Face Trademark Infringement in Russia
Russia’s trademark office is seeing a spike in applications for famous Western brands since the Russian government issued a decree early last month, permitting the use of patents from “unfriendly countries” without pay or consent from the owner. Opportunistic Russians, emboldened by the decree, have so far submitted more than 50 trademark applications for names…
EU Proposes New Sanctions on Moscow Amid Claims of Russian War Crimes in Ukraine
Brussels has proposed sweeping new sanctions against Russia, including an E.U.-wide ban on Russian coal imports, as the West responds to allegations that Russian forces engaged in civilian killings and other atrocities in Ukraine. The European Union’s executive on Tuesday proposed a new round of sanctions against Moscow, including barring Russian imports worth nearly $10…
Britain’s Public Service Broadcaster Channel 4 to Be Privatised
The British government has decided to sell Channel 4, a publicly-owned but commercially funded broadcaster, saying privatisation would allow it to “thrive in the face of a rapidly-changing media landscape.” But the main opposition Labour Party called the move “cultural vandalism,” and a senior Conservative MP questioned if it was intended as the government’s revenge…
Nearly Half of Crypto Owners First Bought Digital Assets in 2021: Survey
Almost half of all cryptocurrency owners in the United States, Latin America, and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021 and February 2022, shows 2021…
Spain to Spend 11 Billion Euros on Semi Conductor, Micro Chip Industry, PM Says
MADRID—Spain will spend 11 billion euros on a plan to boost the semi conductor and micro chip industry, Prime Minister Pedro Sanchez said on Monday. The new spending plan, mainly financed through European Union pandemic relief funds, will be approved “soon,” he said. A worldwide shortage of micro chips, due to a unexpected peak of…
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