TOKYO (Reuters) – Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude. Benchmark Brent crude futures were up 3 cents at $64.89 a barrel by 0034 GMT. They rose 0.5% on Monday. U.S. crude futures were down 3 cents at $57.87 a barrel. The U.S. benchmark declined 0.8% in the previous session. Brent rose 5% last week and U.S. crude surged 10% after Iran shot down a U.S. drone on Thursday in the Gulf, adding to tensions stoked by attacks on oil tankers in the area in May and June. Washington has blamed the tanker attacks on Iran, which denies having any role. U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions on Monday, taking an unprecedented step to increase pressure on Iran after Tehran’s downing of the drone. Trump also said on Twitter that other countries should protect … [Read more...] about Oil prices steady, U.S.-Iran tensions remain in focus
Sino russian military cooperation
SINGAPORE — Last week, leaders and officials representing more than three dozen countries from across the world gathered in Beijing for the second Belt and Road summit. The event marks the two-year anniversary since China first convened its flagship initiative to coordinate trillions of dollars of infrastructure across Eurasia and the Indian Ocean in a broad effort to recreate the old Silk Roads. One nation that was missing from the summit: The U.S.Story Continued Below The fashionable position in Washington today is to dismiss the Belt and Road Initiative (BRI) as a power play that won’t last—an attempt at neocolonial debt trap diplomacy, in which China uses unpayable debts to control less powerful states, that is ultimately destined to collapse under the weight of financially spurious projects. On the other hand, there are also those who view BRI as a serious threat—a sign of China’s continued quest for global hegemony and the presence of a new Cold War … [Read more...] about Washington Is Dismissing China’s Belt and Road. That’s a Huge Strategic Mistake.
Reuters Remember the spectacular 1,375 per cent price rise of Bitcoin late last year, and the equally dramatic fall it experienced in 2018? Many investors hoping to get into cryptocurrency for some quick riches ended up getting their fingers burned, after the presence of other cryptocurrencies (altcoins) forced Bitcoin’s cryptocurrency market capitalisation to fall from 90 per cent in January 2016 to just 33 per cent share in February 2018. With the collapse of cryptocurrencies this year, the 10 largest cryptocurrencies lost more than 80 per cent of their collective value between January and September. But according to management consultancy AT Kearney, there could be a plot twist coming up in the Bitcoin story in 2019. Read also: Everything you need to know about Bitcoin, its origins, and its creator In its latest Year-Ahead Predictions 2019 report, the firm predicted that cryptocurrencies will begin a “second decade in a state of post-crash consolidation and … [Read more...] about Bitcoin is making a comeback in 2019 as the cryptocurrency market matures , AT Kearney predicts