The economic dialog between the two of the biggest economies could potentially deepen U.S.-Japan economic relations. On Monday, the United States and Japan are likely to hold their second economic dialogue on October 16 in Washington, said a source familiar… Read More ›
Month: September 2017
U.S. refiners exporting sulfur heavy crude before the Oct. 1 deadline which sets stricter sulfur standards
The demand for light sweet crude, with lower sulfur content, is set to peak in the near future. On Monday, an executive from Enterprise Products disclosed that the demand for U.S. light sweet crude is could potentially go northwards since… Read More ›
Walt Disney threatens to pulls ESPN & ABC from Altice’s network
In a new story of David vs the Goliath, Altice USA, better known as Optimum, is the first cable network that has dared to push a fee hike from a media group. Consumers living in New York, New Jersey, Connecticut… Read More ›
Since iPhone, This Is How Electric Cars Can Create The Biggest Disruption
A surge of innovation that upended the mobile phone industry was unleashed by Apple Inc. ten years ago. And about to pull the same trick on Big Oil could be electric cars, with a little help from ride-hailing and self-driving… Read More ›
S&P’s First China Downgrade Since 1999 Could Be Good News For Bulls
Chinese officials have even more motivation to keep financial markets stable after the credit assessor cut the nation’s rating less than a month before the start of a twice-a-decade Communist Party congress. China’s Ministry of Finance said in a statement on Friday that S&P’s… Read More ›
Lufthansa in the lead to buy Air Berlin’s assets
Air Berlin’s board will take a final decision on the bidding process after October 11. As per two sources familiar with the matter at hand, Lufthansa is likely to buy a large stake in insolvent rival Air Berlin; EasyJet is… Read More ›
Rio Tinto’s share buyback totals to $4 billion
The development comes in the wake of investors wanting greater return on investments from the world’s No. 2 miner. Cash-flush Rio Tinto has stated it would be buying back an additional $2.5 billion worth of its shares, in a… Read More ›
Trump Administration preparing grounds for tapping Afghanistan’s rare earth minerals
With Afghanistan’s President Ashraf Ghani visiting the U.S. the two leaders vowed to defeat terrorism, the steep hurdle that has to be crossed before Afghanistan’s riches can be tapped. In a meeting in New York, U.S. President Donald Trump and… Read More ›
Citing Increasing Economic, Financial Risks, S&P Cuts China’s Credit Rating
Due to increasing risks from the country’s rapid build-up of credit, S&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from AA-. “The downgrade reflects our assessment that a prolonged period of strong… Read More ›
State Handouts Paves Way For Road To Electric Car Paradise
The electric cars in the Norwegian island of Finnoey are exempt from the $6,000-a-year toll charges for the tunnel to the mainland and that is the reasons that this place has the highest density of electric cars in the world…. Read More ›