Africa

Authored by Irina Slav via OilPrice.com,

The richest man in Africa says crude oil prices would do Nigeria a favor if they stay lower for longer.

Last week at the UN General Assembly, Nigerian billionaire Aliko Dangote, whose main business is in cement but also holds interests in agricultural commodities and petrochemicals, said that agriculture - not crude oil - is the way forward for Nigeria, and that Africa “will become the food basket of the world.”

Authored by Andrew Korybko via Oriental Review,

The EU’s policy of “replacement migration” is an economic failure and threatens to undermine China’s New Silk Road strategy for Europe by diminishing the continent’s much-needed consumer market potential, which should thereby serve as an impetus for Beijing to consider investing in social programs there as a means of encouraging replacement fertility for the EU’s citizens.

The Roots Of “Replacement Migration”

Authored by Brian Kalman, Daniel Deiss, Edwin Watson via SouthFront.org,

China has begun construction of the first Type 075 Class Landing Helicopter Dock (LHD).

Authored by Darius Shatahmasebi via TheAntiMedia.org,

Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold.

Back in January 2016, we reported that Pine River Capital Management, then run by noted hedge fund investor Steve Kuhn, was shuttering its Fixed Income fund, and returning roughly $1.6 billion to investors. The wind down was surprising for one of the industry's most prominent names: Kuhn was one of four managers who helped the Pine River Fixed Income Fund score some of the industry's biggest gains. They included a 93% return in 2009, fueled largely by bets on the housing market.