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World News

You Can Buy a Czech Castle for $13,000 World News

You Can Buy a Czech Castle for $13,000

The Libejovice chateau looks like something out of a 19th century romantic novel: an elegant, mustard-hued Renaissance palace with tall windows and elaborate balcony railings bearing the noble Schwarzenberg family's coat of arms. Natalia Makovik will sell it to you for less than the price of some Manhattan studio apartments. The catch: Restoring the place, a two-hour drive south of Prague, could cost 10 times the purchase price. “I look at a ruin, and I see an investment opportunity," says Makovik, founder ofVIP Castle, a real estate brokerage specializing in historic buildings. February 3 2016, 17:15 3 413 просмотрs
Business Insider: Russia will control prices of oil in 2016 World News

Business Insider: Russia will control prices of oil in 2016

The global oil situation continues to drag on. Powerhouse oil producers are still being squeezed financially by lower prices and some of the more unstable OPEC members have seen upticks in violence and political chaos. And in this environment, Russia increasingly looks like "the single biggest swing factor for oil prices in 2016," according to RBC Capital Markets' global head of commodity strategy Helima Croft. February 1 2016, 17:25 2 594 просмотрs