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BRIC by BRIC: How emerging markets are attracting new cash, and where it’s going

In emerging markets, it happens that there's life after BRICS, and analysts say it's in private banking as the middle class thrives.

Source: CNBC.com

Russia says reaching oil output freeze deal not critical - RIA

MOSCOW, Sept 25- Reaching an agreement to stabilise global oil prices, including a possible deal to freeze output, is "non-critical" for Russia, its Energy Minister Alexander Novak was quoted by Russian news agencies as saying on Sunday. "For us, in principle, it's non-critical, but we believe that the process of market rebalancing could be advanced.

Source: Reuters

UPDATE 1-Algeria says all options 'possible' for Algiers OPEC gathering

ALGIERS, Sept 25- All options are possible for OPEC concerning an output cut or freeze with producers agreed on the need to stabilize the market, Algerian Energy Minister Noureddine Bouterfa said on Sunday. Bouterfa repeated his remarks that the informal gathering in Algiers could become a formal OPEC meeting. Before the Algiers meeting, Saudi Arabia and Iran...

Source: Reuters

Algeria says all options 'possible' for Algiers OPEC gathering

ALGIERS, Sept 25- All options are possible for OPEC concerning a cut or freeze of output with oil producers agreed on the need to stabilize the market, Algerian Energy Minister Noureddine Bouterfa said on Sunday. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum in Algeria from Sept....

Source: Reuters

Outsider status, politics shields Trump from House oversight

WASHINGTON— Donald Trump's status as a Washington outsider fuels his fiery populism and also is helping to shield him from the scrutiny House Republicans are devoting to Hillary Clinton, a former U.S. senator and secretary of state. The GOP- led, subpoena-wielding Oversight and Government Reform Committee isn't investigating Trump's business dealings, his...

Source: The Associated Press

Moody's downgrades Turkey's credit rating to 'junk' status

NEW YORK— Moody's has downgraded Turkey's credit rating to "junk" status, a further blow to an economy shaken by terrorist attacks, a failed military coup and a diplomatic spat with Russia. The rating agency on Friday lowered its rating on Turkey's debt one notch, stripping it of investment-grade status. Moody's indicated it expects Turkey's economic growth to be...

Source: The Associated Press

Don't Miss the Final Weeks and Now 60-80% Off at Hastings

BOSTON, Sept. 23, 2016/ PRNewswire/-- Hilco Merchant Resources and Gordon Brothers today announced the largest discounts to date during going-out-of-business sales at select Hastings Entertainment stores. About Hilco Merchant Resources, LLC Hilco Merchant Resources provides a wide range of analytical, advisory, asset monetization, and capital investment...

Source: PR Newswire

Trump foreign policy advisor reportedly being probed for ties to Russia

Officials are concerned that Carter Page has spoken with the Kremlin about lifting economic sanctions on Russia, Yahoo said.

Source: CNBC.com

UPDATE 8-Oil slumps 4 pct as no output deal expected for OPEC

*No Saudi-Iran agreement ahead of Algeria talks. NEW YORK, Sept 23- Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. Brent crude futures settled down $1.76, or 3.7 percent, at $45.89 a barrel.

Source: Reuters

In Yahoo breach, hackers may seek intelligence, not riches

SAN FRANCISCO— If a foreign government is behind the massive computer attack that compromised a half billion user accounts at Yahoo, as the company says, the breach could be part of a long-term strategy that's aimed at gathering intelligence rather than getting rich. Yahoo says the breach involved users' email addresses, passwords and other information—...

Source: The Associated Press