“If something cannot go on forever, it will stop,” according to Herbert Stein, former chief economist to U.S. President Richard Nixon (“What I think: essays on economics, politics and life” 1998). Stein’s law is one of the most simple but important statements in economic theory, yet it is remarkable how often it is forgotten. Stein’s law explains why oil prices crashed from the middle of 2014 after spending more than three years over $100 per barrel. Most c
Bill Ackman’s fund raised its stake in Valeant Pharmaceuticals International Inc. to 9.9 percent in a series of transactions starting in October, underscoring the activist investor’s commitment to the embattled drugmaker. Pershing Square Capital Management’s various funds have now amassed more than 34.1 million shares in the drugmaker, the activist hedge fund disclosed Monday in a regulatory filing. Ackman’s firm had previously disclosed a 5.7 percent stake in the drugmaker, as of Sep
Oil advanced after Turkey shot down a Russian plane near the border with Syria, fanning concern that conflict in the region may intensify. Turkish fighter jets shot down a Russian warplane near the Syrian border after it violated Turkey's airspace on Tuesday, a Turkish military official said. Turkish presidential sources told Reuters that the downed warplane was a Russian-made SU-24, adding it was downed in line with Turkey's rules of engagement after violating Ankara's airspace.
Tianjin is expected to build the world's largest animal cloning factory next year for the cloning of beef and dairy cattle, dogs and racehorses, a leader in the stem cell and biological medicine industry said on Monday. Boyalife Group Ltd said that 200 million yuan ($31.3 million) will be invested in the factory after its subsidiary, Yingke Boya Gene Technology (Tianjin), signed an agreement on the project with the Tianjin International Joint Academy of Biotechnology and Medicine, the Sooam Biotech Resea
A Malaysian government-investment fund struggling to dig itself out of a heavy debt load sealed a $2.3 billion deal to sell a collection of energy assets to a Chinese state-owned firm. China General Nuclear Power Corp. is purchasing all of the energy assets of 1Malaysia Development Bhd., or 1MDB, for 9.83 billion Malaysian ringgit ($2.3 billion) in cash. Those assets, known as Edra, consist of 13 power plants across five countries from Malaysia to Egypt and Bangladesh. China General Nuclear will al
Pfizer Inc. and Allergan PLC agreed on a historic merger deal worth more than $150 billion that would create the world’s biggest drug maker and move one of the top names in corporate America to a foreign country. The boards of each company ratified the deal Sunday and it could be announced Monday, according to people familiar with the matter. The final terms include 11.3 Pfizer shares for every Allergan share and the deal also contains a small cash component, they said. The takeover would be the lar
One of the biggest stories over the past year and a half has been oil's epic tumble, which has reduced the price of a barrel of crude from nearly $110 to just more than ... Full Story
is pleased to announce its financial and operating results for the three and nine months ended September 30, 2015. Unless otherwise indicated, all numbers are expressed in Canadian dollar... Full Story
Yesterday we saw Consumer Confidence disappoint at 90.4, the lowest level since September las... Read More
Oil prices rose Tuesday as traders priced in more geopolitical risk after Turkey downed a Russian... Read More
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NAI500 comment: ——Obama has formally rejected the Keystone XL Pipeline proposal which would have built a 1,179 mile crude oil pipeline from Canada to US refineries. &mda... Read More
NAI500 Comments: i. The Chinese government is heavily focused on the health of its citizens as shown by its decision to build 7,500 public hospitals through the private sector over the... Read More
NAI500 Comments: · Mining companies are considering new funding sources and models in the current circumstances. Foreign dir... Read More
With China’s continued growth, the recent boom in its stock markets, and strong encouragement from its national government, private sector investors in China have taken the forefront of t... Event Info
Gainey Capital Corp. is a well-funded, cash-flow positive gold and silver exploration company tha...
Asante Gold Corp is an exploration stage company. The Company is engaged in the exploration and e...
Electra Stone Ltd is a mining company. The Company is engaged in the development of and explorati...