The Traderszone Network

Russia’s relatively pro-market economic “liberal” faction may be gaining the upper hand in the struggle for control of the country’s moribund economy.

The minivan is dead, long live the SUVan. Renault has revamped the elderly Espace people carrier as a crossover sport utility vehicle as it seeks to relive the marque’s past glories. Illustrating a market shift to more rugged-looking vehicles, the fifth Espace – smaller than its predecessors but still gargantuan by European standards – made its debut at the Paris auto show on Thursday, 30 years after the first model was unleashed on European consumers who hadn’t yet realized they wanted one.

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Crude-oil futures continue to slide on Thursday as news that Saudi Arabia cut its selling price continued to spook investors.
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Define irony. Literally hours after financial entertainment outlet CNBC wrote an article in which it said that “As fourth quarter kicks off, there’s one market in Asia that has investors excited: Japan” the Nikkei crashed.

First, some more humor from CNBC, which quotes JPM who apparently does not realize that crushing your currency to generate nominal gains is a zero sum game, and instead of pitching Japan as the next big thing, he should be focusing on the “upside” in Venezuela or Argentina:

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After ripping up profit forecasts and seeing soft September U.S. sales data, the CEO of the Ford Motor Company has hit back at critics.

Goldman Sachs led the way in global deal-making in the first nine months of 2014, advising on 30.7 percent of all mergers and acquisitions.

The dollar fell against the yen in Asia trade Thursday, as fears over the global economy pushed down stock markets and prompted an adjustment of the greenback following the rapid gains of recent days.
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