Investments in Azerbaijan’s oil, gas sector up by 15.2 pct
By Ayya LmahamadThe volume of investments in Azerbaijan’s oil and gas sector increased by 15.2 percent year-on-year in the period of January-September 2020, State Statistics Committee has reported.Meanwhile, the volume of funds allocated to the non-oil and gas sector decreased by 14.1 percent during the reporting period.Moreover, AZN 10.4 billion ($6.1bn) was allocated to fixed assets, which is by 3.8 percent less than in the corresponding period of 2019.Of this, AZN 6.9 billion ($4.1bn) or 67.1 percent were spent on production areas, AZN 2.4 billion ($1.4bn) or 23.9 percent on service sector ...
Investments in digitisation, malaria, TB highly cost-effective for Ghana’s development – Top Economists
The Directors of the Policy Planning Monitoring and Evaluation Directorates (PPMEDs) from the various ministries have been presented with prioritised list of 79 policy interventions for Ghana’s future development.The National Development Planning Commission (NDPC) will use the evidence-based research to help secure a consensus across many stakeholders for Ghana’s development plan so that the nation will get most value for every cedi spent.Dr. Ralph Nordjo, manager of the Ghana Priorities project and Dr. Felix Addo-Yobo, Director, Development Policy at NDPC, shared the findings from the panel o...
Daily Guide Network
Investments: Today you’re aggressive, but what about tomorrow?
How much risk are you willing to take in your investments? Financial advisers spend a lot of time trying to understand a client’s risk profile. Many use questionnaires which ask a myriad of questions that try and pinpoint the time period of an investment, investment knowledge as well as how one would react in various market scenarios. The problem with these questionnaires is that they only paint a picture based on current trends.What do I mean by current trends? A few years ago in an interview with the Motley Fool, Israeli Nobel laureate Daniel Kahneman explained this concept: “The decision-ma...
Jpost.com - The Jerusalem Post online edition
GRENADA-POLITICS- Investments in health and agriculture among priorities for upcoming parliamentary year
A new session of the Grenada Parliament began on Friday with Governor General Dame Cecile La Grenade indicating that the Keith Mitchell administration will place emphasis on fiscal discipline and job creations while in the context of the current coronavirus (COVID-19) pandemic there are eight areas which will be the priorities in the medium term.“The reinvigoration of our main engines of growth, supported by efforts to boost our competitiveness, diversify our export base, and create sustainable jobs,” said Dame Cecile as she delivered the traditional Throne Speech at the ceremonial opening of ...
Susan Tompor: Precious metals scheme played up fears of conservatives, elderly to drain savings
The fear of waking up one day and watching your 401(k) implode has continued to fester during the pandemic, the civil unrest and and a hotly charged election in 2020.So, why shouldn’t we expect that someone would try to scare people out of all their money and putting every dime they’ve got into, say, silver or gold coins and bars? Investors in their 60s, 70s and 80s are particularly vulnerable since they might have built up hundreds of thousands of dollars in life savings.A Maryland investor, according to a civil complaint filed by a group of regulators in September, was told that roughly $300...
Detroit Free Press
Haiti's currency is suddenly strong against the dollar. For many, that's disastrous
A sudden and spectacular appreciation in Haiti’s national currency, the gourde, is creating havoc across the country as economists try to figure out what’s fueling it and skeptical Haitian consumers wonder how long it will last.Over the past four weeks, the gourde has risen in value from 118 gourdes to the U.S. dollar at the end of August to 65 gourdes for every greenback on Wednesday, an appreciation of 81.5 percent.The gourde’s rise is a windfall for importers, big dollar-denominated borrowers and those doing business or getting paid in gourdes, who have seen their earnings plummet due to th...
Midwest farmland prices holding steady, maybe even ticking upward
Despite trade wars, a pandemic and what’s still a five-year slump in corn and soybean prices, farmland in the Upper Midwest has mostly kept its value and one broker says he’s seen a marked uptick in west-central Minnesota in the past month.“Although we are seeing major swings in the commodity markets, the agricultural land market is still surprisingly stable,” said Wendong Zhang, an extension economist at Iowa State University.A survey of ag lenders, farm managers, realtors and appraisers conducted by Zhang earlier in the summer showed some of the people most interested in farmland prices expe...
Star Tribune (Minneapolis)
Regrets? You’ll Have a Few. Don’t Let Them Ruin Your Investments.
When the coronavirus outbreak played havoc with the markets in the first quarter of 2020, I had a new client, a couple with a lot of money they needed to invest. As the S&P 500 hit its steepest decline, I was ready to invest their cash and diversify their holdings according to their agreed upon investment strategy, but my clients weren’t. They hesitated and insisted on holding onto their money in cash rather than investing, because they were worried the markets could go lower and that they would lose the savings they had worked so hard to earn.Q2 2020 hedge fund letters, conferences and moreTh...
Investments on the rise: BOI | Daily FT
Says agreements worth $ 1.5 b signed in the first nine months; 2020 target is $ 2-2.5 b The Board of Investment (BOI) says agreements to the value of $ 1.5 billion have been approved in the first nine months of this year from the 2020 targeted figure of $ 2-2.5 billion.BOI Director General Sanjaya Mohottala said of the value approved include new investments and expansions of the ongoing projects.He said with the unprecedented COVID-19 pandemic has severely dented the world economy, the achievement of $ 1.5 billion in new investments was noteworthy.“It’s impressive to see the local Investors ex...
Daily Financial Times
North Dakota oil production on the upswing again but may plateau this fall
North Dakota’s oil and gas production soared 16% in July as operators reopened wells that had been shut-in earlier this year due to the economic downfall caused by the coronavirus pandemic.The increase was expected, and another jump is anticipated for the remainder through this month as more shut-in wells are retapped.But unless oil prices improve significantly — and that doesn’t seem likely — oil production is then likely to plateau and possibly fall, Lynn Helms, director of the North Dakota’s Mineral Resources Department, told reporters.“We don’t see pre-COVID demand coming back until proba...
Star Tribune (Minneapolis)