Author Archives
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ECB Warns Brexit Is A ‘Major Risk’ For Euro Zone Banks Still Not Profitable Enough
Amidst the risks that are faced by many European banks and indeed the entire sector faces, banks need to boost their profitability and business models, waned the European Central Bank on Thursday. In its annual report on supervisory activities, the… Read More ›
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EU Deal Near Collapse, Says World’s Largest Refugee Host
According to Turkey’s minister in charge of EU integration, the agreement between Turkey and the European Union, to help stem the largest flow of refugees since World War II is inching closer to collapse. Omer Celik said in an interview… Read More ›
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Goldman Says Rather Than Price Setter, OPEC Is Now An Inventory Manager
Goldman Sachs analysts say that an oversupply situation would be created and a big problem faced for efforts by major oil producing nations to support prices by an increase in new production projects and a shale boom. Record production capability… Read More ›
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EU Said to Rule Out U.K. Trade Talks Before Brexit Bill Deal
Until Theresa May agrees to settle Britain’s financial commitments to the bloc, European Union officials are ruling out any discussions with U.K. Prime Minister Theresa May over a post-Brexit trade deal. In the best-case scenario it may take until early… Read More ›
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Thai Oil Giants Hunt For Investments And Are Armed With $11 Billion
Nearly $11 billion combined in cash and marketable securities, such as bonds and other short-term investments are lying with Thailand’s PTT Exploration & Production Pcl and its parent company. And according to Chief Executive Officer Somporn Vongvuthipornchai, in order to rescue… Read More ›
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The Beijing-Seoul Fallout Will Benefit These Counties
As China uses its considerable soft power to push its neighbors when it feels national interests are threatened, geopolitical tensions in East Asia have escalated in the last year. And according to analysts, to turn their fortunes around, now those countries… Read More ›
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$65 Bln In Deals Eyed By China And Saudi Arabia As The Saudi King Visits
As the world’s largest oil exporter looks to cement ties with the world’s second-largest economy, Saudi Arabia’s King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing. Embarked on a… Read More ›
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Media Expert Calls For The The Advertising Industry To ‘Cut Off The Air Supply To Fake News’
Attempts to reach mass audiences via digital automated ad placement that may support fake news sites, should be refrained from by the advertisers and the broader ad industry, a media professor has made this call. “[Advertisers] have to cut off… Read More ›
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Chip Shares As Collateral For Loans Offered By Toshiba : Reuters
To secure debt refinancing, shares in its memory chip unit to creditors as collateral I being offered by Japan’s crisis-racked Toshiba Corp, reported the news agency Reuters citing people briefed on the matter. A day earlier, the conglomerate said it… Read More ›
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To Make Ocean Tankers Greener And To Cut Fuel, Spinning Sail’ Rebooted
While interacting with the wind rotating columns fixed to ship’s deck cold save up to 10 percent of fuel now even as they were invented a century ago. In a step that could lead to more environmentally friendly tankers worldwide,… Read More ›
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