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6 HOURS AGO - Zero Hedge

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Massive Oil Theft By Pirates Costs Nigeria $1.5 Billion Every Month

Submitted by Irina Slav via OilPrice.com, Depressed oil prices, rampant corruption, and pipeline vandalism are only parts of Nigeria’s oil problem. It’s now losing a massive 400,000 barrels of crude daily to pirates in the Gulf of Guinea, an amount equal to the entire daily export capacity of its Forcados terminal. Overall damage from piracy, theft and fraud for Africa’s ...

Tags: Massive Oil Theft By Pirates Costs Nigeria $1.5 Billion Every Month,  Turkey Latest News

APR 28, 2016 - NPR

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Terrorism Fears And Travel Bans Shake Tourism In Turkey

In Istanbul's Grand Bazaar, a merchant calls it the worst tourist season in nearly four decades. Terrorism fears and a travel ban by Russia, an important source of tourists, are keeping visitors away.

Tags: Terrorism Fears And Travel Bans Shake Tourism In Turkey,  Turkey Latest News

APR 27, 2016 - Zero Hedge

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The $2 Trillion Gamble That Saudi Arabia Cannot Win

Submitted by Juan Cole via OilPrice.com, Prince Muhammad Bin Salman, 30, the deputy crown prince of Saudi Arabia laid out his vision for Saudi Arabia on Monday in a plan called “Vision 2030.” He wants to get Saudi Arabia off its oil dependence in only 4 years, by 2020, and wants to diversify the economy into manufacturing and mining. In ...

Tags: The $2 Trillion Gamble That Saudi Arabia Cannot Win,  Turkey Latest News

APR 26, 2016 - Huffington Post

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Chobani Could Make Some Of Its Workers Millionaires

The Greek yogurt company Chobani is giving back to the people who helped make it what it is. Chobani announced Tuesday that its full-time employees will receive shares worth up to 10 percent if and when the company ever goes public or is sold, The New York Times reports. Chobani -- which, along with its chief competitor Fage, has helped lead ...

Tags: Chobani Could Make Some Of Its Workers Millionaires,  Turkey Latest News

APR 26, 2016 - MarketWatch

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Hungarian forint weakens as central bank cuts benchmark rate to record low

The Hungarian forint weakened against the dollar Tuesday after the country's central bank lowered its benchmark interest rate to a record low. The currency , which has risen nearly 5% against the dollar so far this year amid a broader rally in developing markets, briefly tumbled to 277.52 to the dollar after the cut, compared with 276.73 late Monday in ...

Tags: Hungarian forint weakens as central bank cuts benchmark rate to record low,  Turkey Latest News