Author Archives
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WSJ says Apple Inc. and Indian Government in Talks to Manufacture Locally
As Apple Inc. aims to make deeper inroads in the world’s second-largest mobile phone market by users, the Wall Street Journal reported that the U.S. firm is in talks with India’s government to explore making products locally. Through his ‘Make… Read More ›
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Magnifying Russia’s Military Power in Middle East is Putin’s Oil and Gas Deals
Russia is now using its other strong suit, energy, to expand its influence across the region after reinventing itself as a major power in the Middle East by force in Syria. Looking beyond Syria where they have backed opposing sides… Read More ›
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Why You Should Stop Buying Index Funds Now, Explains BNP Paribas
As assets that long walked in lockstep are set to move to a different drum, BNP Paribas said last week that it’s time to buy actively managed funds, instead of index funds. Mirza Baig, head of foreign-exchange and rates strategy… Read More ›
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Scandinavia’s Disappearing Cash Act
Scandinavia’s last mint will have closed by the end of this month. Denmark has decided to outsource the production of its coins to Finland following in the footsteps of Sweden and Norway. Printing of banknotes has already been stopped by… Read More ›
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BP Gains Abu Dhabi Oil Field Stake for $2.2 Billion in Stock
By swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions, BP Plc cemented its 77-year relationship with Abu Dhabi. The London-based company said in a statement that giving the… Read More ›
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Fake News Tackled by Facebook
The social media giant Facebook unveiled some new steps on Thursday that it’s taking to address hoaxes and fake news as the IT giant faces ongoing questions about the role that fake news played in the election — and criticism… Read More ›
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Toyota Could Sell Engine Technology to Rivals as it Unlocks them
Hoping to boost sales and speed up the industry’s shift to lower-emission vehicles, Toyota Motor Corp plans to open up its powertrain technology to rivals, and a period of long guarding about what was beneath the hood of its pioneering… Read More ›
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World’s Biggest Airport is Being Planned at Dubai for $36 Billion
Dubai is likely to rely on debt for a significant part of the financing as the city aims to spend $35.7 billion to develop its second airport and logistics hub in the south of the city. The media reported citing… Read More ›
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The Situation in Europe Remains Difficult says Swiss Central Bank
As concerns and uncertainties still lurk in Europe, the Swiss National Bank’s monetary policy framework must remain “expansionary”, its chairman explained to the media on Thursday. “The situation in Europe remains more difficult and that’s exactly the reason why monetary policy… Read More ›
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A 10-Year Global Arms Race Set to be Driven by India and China
According to a new report released by IHS Markit, set to drive stronger defense spending over the next decade are emerging global powers China and India. Annual defense budgets should return to pre-financial crisis levels by 2018 even as global… Read More ›
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