Good news coming from Facebook as it reports 1 Billion users logged onto their site on Monday which is phenomenal if you think about it. After the hiccup of a start at IPO the company has focused on expanding horizons and delivering the numbers to investors who've had bragging rights to one of Wall Streets new darlings. Given the scope of this impressive record one can only imagine where this could take the company.
Facebook had a record 1 BILLION users on its site this week. Were you one of them? http://t.co/xWR4LsDdhv $FB pic.twitter.com/yUhj6rV186
— CNNMoney (@CNNMoney) August 28, 2015
Hot on the heels of Venezuela's request to hold an emergency OPEC with Russia , EU leaders have expressed their intention to hold a telephone conversation with Vladimir Putin to reignite peace talks between Russia and Ukraine as fighting continues. It must feel cold outside the political circle for Mr Putin as his been dealt a dual blow with sanctions from the West and a dramatic drop in the oil price. Hopefully he can come to his senses and negotiate a deal for the prosperity of Russia.
Merkel, Hollande and Putin plan to talk by phone this weekend to discuss the conflict in Ukraine http://t.co/rQ5BdKWlju
— Bloomberg Business (@business) August 28, 2015
When you think of commodities you're mind automatically focuses on the honey pot of world resources , Africa. However given the turbulent drop in most commodity markets the African growth story had fallen short of expectations so far. Nigerian who's oil dependent economy was up until last year reaching new economic frontiers and liberating it's people economically has been hurt badly. South Africa is not far from the same fate as mining dominates as a supplier of jobs.
Which African countries are the worst hit by the commodity selloff?
http://t.co/40O3uM1Tqu
— CNBC Africa (@cnbcafrica) August 28, 2015
This weekend is all about Jackson Hole where the Fed hosts their annual symposium. Most have come to see it as the Feds future intention for interest rate policy which will likely steal the show as policy makers from around the world gather to discuss matters such as inflation , currency and monetary matters holding true to the economy. Now more than ever participants will be keeping their ears close to the ground for snippets of information which could indicate the Feds willingness to hike rates.
Fed's Fischer to CNBC: We do not intend to raise rates rapidly. http://t.co/ddr59GYiHq pic.twitter.com/yEfSM0Ud2C
— CNBC Now (@CNBCnow) August 28, 2015
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