In a move that apparently tallies with the unannounced decision to cut down on shipment of crude to shore up global oil prices, shipments of oil to the United States are being slashed by Saudi Arabia. Representatives of the oil… Read More ›
Month: November 2018
Headwinds Could Hit US Economy Next Year, Cautions The US Fed
The US Federal Reserve Chairman Jerome Powell said that the central bank needs to think about the speed at which interest rates are to be raised because of some potential headwinds that are on the way to hit the US… Read More ›
Fully Formed Banking Union Needed By European Banks To Rival Wall Street: Deutsche Bank CEO
The head chief executive of Germany’s biggest lender believes that for European banks to be able to compete with the world’s most valuable financial institutions, there is desperate need of fully formed banking union. “We have to accelerate the banking… Read More ›
Global trade facing heightened risks from new cold war: French finance minister Bruno Le Maire
One of the ways out of this pickle is to reform the World Trade Organization, opined French finance minister Bruno Le Maire. On Friday, French Finance Minister Bruno Le Maire stated, the world is facing a cold war over trade…. Read More ›
Rolls Royce continuing with Brexit contingency plans: CEO Warren East
Rolls Royce is focusing its efforts to continue doing business irrespective of the manner Britain departs the EU. On Friday, Britain’s airplane engine maker Rolls-Royce stated, it was continuing with its contingency plans vis-a-vis Brexit. The development comes midst growing… Read More ›
France preparing to install transport and customs measures as a failsafe to Brexit deal
With 4 lawmakers resigning from British Prime Theresa May’s government, the draft Brexit-deal is in peril. On Friday, French Transport Minister, Elisabeth Borne stated, France is preparing various measures, including those dealing with customs checks and controls at ports, in… Read More ›
Italy Denies To Change Budget Proposal And Meet EU Directions
The stalemate between Italy and the European Commission entered a new phase of conflict over Italy’s proposed budget for next year after the populist coalition government of Italy openly defied the European Commission’s directive to make changes o t a… Read More ›
Natural Disasters And Trade Protectionism Hits Japan’s Economy
Natural disasters and a drop in exports resulted in a contraction of the Japanese economy more than was expected by the markets. Analysts said that this was a clear indication that the economy was being affected by trade protectionism and… Read More ›
Chinese-born German engineer caught in industrial espionage
In 2017, China passed the National Intelligence Law which places a duty on all its citizens to act as “intelligence organs” of the state security and support the national intelligence network. In a development that underscores growing concerns among German… Read More ›
Brexit Minister’s resignation deals a body blow to the British Pound
Following the resignation of Britain’s Brexit minister Dominic Raab, the forex, derivatives and money markets are seeing a bloodbath. Following the resignation of Britain’s Brexit minister Dominic Raab in protest of Prime Minister’s draft Brexit deal, the pound nose dived… Read More ›
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