Global credit ratings firm Moody’s has been forced to bring down its outlook for the global auto industry from stable to negative because of slowing down of demand for cars and trucks in some of the crucial markets of the… Read More ›
Month: March 2019
U.S., Chinese Trade Negotiators Call To Decide On Next Step In Talks
According to a report published by the Chinese state news Agency Xinhua News Agency, arrangements on the next stage of talks between China and the United States over a possible trade deal to end a seven month long trade war… Read More ›
EU updates blacklist of tax heavens, adds 10 jurisdictions
The United Arab Emirates, Oman, Aruba, Belize, Barbados, Fiji, Bermuda, Vanuatu, Marshall Islands, and Dominica have now been added to the list. In a significant development, the European Union has broadened its blacklist of tax havens and has added ten… Read More ›
Danske Bank nominates Bente Avnung Landsnes to its board
Bente Avnung Landsnes’ experience in working with Denmark’s financial watchdog is likely to be an important factor in her candidacy. The Board of Directors of Danske Bank, has nominated Bente Avnung Landsnes, the CEO of Oslo Bors ASA, as its… Read More ›
British lawmakers throw Britain in Chaos
Investors and analysts expect British lawmakers to firmly reject a no-deal Brexit; this opens up the possibility of a second referendum, a delayed Brexit or even a snap election. British lawmakers struck yet another blow to Prime Minister Theresa May’s… Read More ›
Russia shrugs off U.S. boycott threat of its International Economic Forum
Foreign investors, including U.S. companies, are nervous over the arrest by U.S. investor Michael Calvey by the Kremlin. On Tuesday, Russia downplayed the risks of a possible boycott by U.S. companies of the Kremlin’s International Economic Forum over the arrest… Read More ›
Attorney General Geoffrey Cox holds the keys to a smooth Brexit
The clincher to May’s deal is Attorney General Geoffrey Cox’s opinion on the legal tenability of the new assurances. On Tuesday, Britain’s former Brexit Secretary David Davis said, British Prime Minister Theresa May’s Brexit proposal could be acceptable once the… Read More ›
U.S. To Lead Global Oil Supply To 2024; IEA
According to the International Energy Agency, over the next five years, global oil supply would be driven by the United States which is expected to add about 4 million barrels per day to the current output. The Paris-based agency said… Read More ›
Turkish Economy Is Now Officially In A Recession
According to the official statistics office of Turkey, the economy of the country went into recession at the end of last year. There was shrinkage of 2.4 per cent in the economy of the country in the fourth quarter of… Read More ›
China suspends commercial operations of Boeing 737-8 aircraft
The similarity of the plane models, 737-8, and of the circumstances of the crash, while take off, has led to the grounding of all commercial operations. On Monday, following a crash of the Boeing 737-8 aircraft belonging to the Ethiopian… Read More ›
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