July 25th – International News Round Up (Part II)

Energy Markets

Zero Hedge

Barclays allegedly unloaded the last bits of its oil contracts to unidentified buyers. This is expected to raise prices of futures and also make oil riskier.

“Perhaps the best news from today’s book sale is that it concluded smoothly and without any major market impact, suggesting it was planned well in advance. The question is what would happen to the oil derivative market if a similarly-sized block hit the tape ad hoc and without prior warning. For the sake of the Fed’s “market stability” mandate, let’s hope we don’t find out.”

Saudi Arabia

Trend via SPA

Saudi Arabia, Egypt, the UAE and Bahrain have added 9 new entities and individuals to their Qatar linked blacklist.

“The countries accused some of the individuals named with roles in raising funds to support Nusra Front jihadists and other militia groups in Syria, the SPA reported, while others were said to have contributed to and supported Al Qaeda.”

China

China Digital Times

Bao Tong, former aide to Zhao Ziyang, has come out with a series of tweets in support of Guo Wengui’s allegation fueled scandal.

HNA Group is a Chinese company that has been the subject of Guo’s ire. The allegations tie top Chinese leaders such as Wang Qiashing to the company. Bank of America has since stopped any transactions with the HNA Group. Share prices have since dropped and stayed low.

Follow the link to read the original tweets in Mandarin.

South Sudan

South Sudan Tribune

Article by an independent journalist on the state of the South Sudanese Peace. He accuses the government of the country to be full of sectarian elements and blames corruption for the state of the country.

“In Conclusion, the world must impose sanctions on the government of South Sudan by not giving or donating foreign aids to the Country. All the European Union (EU) funding projects should be put to an end, United States of America (USA) projects should be put to an end. Japanese developmental projects should be put to an end. Peace will ONLY be achieved in South Sudan when world leaders stop sending money to South Sudan. Let all Organizations withdraw their funding’s from South Sudan and within a week, peace will come to the South Sudanese people.”

Religion

Torah Musings

Nachmandies/ Rabbi Moses ben Nahman/ Ramban was a medieval scholar whose commentary on Jewish scripture is considered to be of particular importance to the community. The article mentions particular teachings of Ramban in reference to the scriptures and asks the reader to go beyond simplistic explanations.

The Sefer Torah (Image Source: Wiki Commons - https://upload.wikimedia.org/wikipedia/commons/thumb/0/09/PikiWiki_Israel_4204_Sefer_Torah_from_Theresienstadt_concentration_camp.jpg/1280px-PikiWiki_Israel_4204_Sefer_Torah_from_Theresienstadt_concentration_camp.jpg)
The Sefer Torah (Image Source: Wiki Commons)

United States

Washington Post

Attacks on opposition leaders keep the voting public focused on individuals and not ideologies. This is a problem that Indian politics is in many ways beholden to. The narrative that you can create as the only hope against your opponent is important. Trump being elected in a lot of ways was a result of the fact that Clinton was a pretty weak opponent. Keeping the narrative anti-Clinton allows Trump to not be bothered by the rest of the problems that are plaguing his administration. It might work for 6 months but I doubt it’s going to work for 4 (let alone 8) years.

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