Yusup Sertip

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Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings

BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis 'twice as levered' as it was before the Lehman crash<p>Russia’s foreign reserves have dropped to the lowest level since the Lehman crisis and are vanishing at an unsustainable rate as the country …

Economics

How $40 oil would impact Canada’s provinces

What does Canada's economy look like with oil prices at $40 a barrel? Certainly it won't be the energy superpower envisioned by Prime Minister Stephen Harper.<p>If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in that price range. What's …

After banner fiscal results, Air Canada set to begin talks with Unifor

As Air Canada basks in the glow of a record financial performance, one of its largest unions will seek to make up some ground its members lost more than a decade ago when the airline was in bankruptcy protection.<p>Negotiations will begin Jan. 26 between Air Canada and Unifor, which represents about …

Air Canada

Fifteen essential aspects of 2014 Ontario budget

The Ontario Liberals tabled the budget Thursday in Toronto with a spending plan that projects a deficit of $12.5-billion, more than the $10.1-billion previously projected for this year. Finance Minister Charles Sousa said the deeper deficit is necessary so the government can spend money to …

Canada

LinkedIn beats estimates, but stock falls on disappointing sales forecast

The professional network, now with 300 million members, gives Wall Street almost everything it wants this quarter. Next quarter is a different story.<p>Linked posted slightly better sales and earnings in the first quarter but the professional social network's shares still fell in after-hours trading …

LinkedIn investing profile on StockTwits

"@LinkedIn: Unique visiting members grew approx 45% YOY, while member pageviews grew approx 69% in Q2 via internal metrics." LNKD AWESOME

Facebook shares fall 7% on Oculus deal

SAN FRANCISCO -- The reality of Facebook’s $2-billion-plus acquisition of Oculus VR set in on Wall Street on Wednesday, dragging down Facebook shares and the Nasdaq.<p>Facebook fell nearly 7% to $60.38 one day after it announced its second blockbuster acquisition this year. Last month the giant social …

Virtual Reality
Rap & Hip-Hop

Why flying 'Internet drones' over Africa is a dumb, libertarian fantasy

When I arrived in a West African newsroom last year to help with a journalism training initiative, one of the first things to come up was my BlackBerry Bold.<p>Despite what the foolish #firstworldproblems hashtag on Twitter would have you believe, my phone was probably the most out of date there. …

UEFA Investigating 76 Clubs for Financial Fair Play Rules Violations

With the 2013-14 football season nearing its latter stages, UEFA has announced it will investigate 76 European clubs to determine whether they are in compliance with financial fair play rules.<p>According to Martyn Ziegler of Press Association, roughly one-third of the 237 eligible clubs will be …

Comcast's $45 Billion Purchase Of Time Warner Cable Is Trouble For Apple TV

After years of rumors, speculation, and wishing, we got two solid reports that said Apple was really ready to launch a full-on TV product.<p>Both the Wall Street Journal, and Bloomberg said Apple was planning to release an Apple TV this year. Bloomberg predicted an April reveal, and the WSJ predicted …

Smart TV

Coupons.com Files For $100M IPO On The NYSE, Trading As Coup

The march of the 2014 initial public offerings commences, with the latest one of the oldest brands on the internet. Coupons.com has just filed S-1 papers with the SEC for an IPO on the NYSE, trading under the name COUP, and raising $100 million.<p>Goldman, Sachs & Co., Allen & Company LLC, BofA …

Income Inequality Was Quickly Forgotten at Davos

"It kind of disappeared," said one woman at the end of the World Economic Forum when someone asked what happened to perhaps the greatest issue facing …

Goldman Sachs pays employees average of $383,000 after profits rise 5%

US bank's 32,900 global employees to hear size of individual bonuses, while fixed-income trading operation had fall in profits<p>Goldman Sachs paid its bankers an average of $383,000 (£233,000) in 2013, after profits for the year rose by 5% to $8bn.<p>Putting a fresh focus on the debate over bankers' …

Major city budgets fail to reflect actual spending, report says

Canada's major cities are failing to reflect actual spending in their annual budgets, according to a report by the C.D. Howe Institute.<p>The 24-page document, released Wednesday, which compares the budgets of 24 cities from 2003 to 2012, shows that some municipalities appear to overspend, or …

Canada

Is Hong Kong facing a property collapse?

Hong Kong is home to some of the most expensive properties in the world and some analysts are warning its real estate market is overheated.<p>Buying a home has become even less affordable than before the last property bubble burst in 1997.<p>Investment from mainland China is helping to fuel the rise and …

Hong Kong

So You Missed The Entire Stock Market Rally — Here's What You Should Do Now

The S&P 500 had its largest gain 16 years and returned 30% to investors. The Dow had its biggest gain in 18 years.<p>But many investors still reeling from the financial crisis, chose to stay on the sidelines and missed out on one of the biggest years for the stock market.<p>In fact, a recent Gallup …

Investing

This One Chart Shows Why We Shouldn’t Fear Another Real Estate Meltdown

The Housing market had a great year in 2013, with the last reading of the Case-Shiller housing index showing a more than 13% appreciation of home …

Bitcoin’s Future Foretold By Developer Momentum

If you think developers predict the future then there is more reason to believe that Bitcoin is the real deal. The crypto currency is a hit with developers, according to data collected on GitHub by the founders of Bitcoin Pulse, a service recently launched that tracks Bitcoin adoption.<p>Bitcoin Pulse …

Wall Street inks first negative start to a year since 2008

U.S. stocks fell sharply on Thursday, with Wall Street recording its first negative start to a year in six, as a downgrade of Apple hit technology …

Stock Markets