UPDATE (SPAIN): Catalonia’s leaders said on Saturday they would not accept direct rule imposed on the region by the Spanish government


  Reuters – Catalonia’s leaders said on Saturday they would not accept direct rule imposed on the region by the Spanish government, as a political crisis that has rattled the economy and raised fears of prolonged unrest showed no signs of easing Spanish Prime Minister Mariano Rajoy announced earlier on Saturday he would invoke special…

Bitcoin hits record high above $6,000 


  SYDNEY ( Sitnok Global) – Bitcoin reached a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion, as investors  bet on an asset that has a limited supply. This may be the result of increase of crypto-currencies coming to market. The original virtual currency has gained over 500…

GREECE: Bad Loans, Creditors Fight and Banks need for more capital


Bloomberg reprint: Greek Banks Face ‘Gangs’ in Bad-Loans Battle With Defaulters BySotiris Nikas , Christos Ziotis , and Stefania Spezzati   October 19, 2017, 2:05 PM GMT+11 October 19, 2017, 10:44 PM GMT+11 Lenders said to boost sales of NPEs standing at half of total Investors fear Greek banks will need to raise more capital When Eurobank…

World Geopolitics and Markets Update: 18/10/2017


MADRID (Reuters) – Spain’s central government threatened on Thursday to suspend Catalonia’s autonomy after the region’s leader said it could go ahead with a formal declaration of independence if Madrid continued its “repression”  Catalan President Carles Puigdemont arrives to attend the Catalan European Democratic Party (PDeCAT) extraordinary national council meeting in Barcelona, Spain October 18,…

World Geopolitics Update: 10/11/2017


U.S. flies bombers over Korea as Trump discusses options SEOUL/WASHINGTON (Reuters) – The U.S. military flew two strategic bombers over the Korean peninsula in a show of force late on Tuesday, as President Donald Trump met top defense officials to discuss how to respond to any threat from North Korea. Tensions have soared between the…