Author Archives
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Investors Worried About Trade Wars and Trump Tweets is Lured to Gold
A new age for gold as an investor safe haven is being made by the Donald J. Trump era. A bevy of political and economic surprises in 2016 sparked a surge in buying that sent bullion to the first annual… Read More ›
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Amazon’s Idea of a Flying Warehouse, Using Drone to Deliver Parcels in Minutes, Granted Patent
Amazon is now going to store its products in the air. A patent for a giant flying warehouse that acts as a launchpad for drones to deliver items within minutes has been granted to the worlds’ biggest online retailer recently…. Read More ›
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There can be More Incidents Like Facebook’s Safety Alert in Bangkok
After the report of a small bomb explosion, it wasn’t a mistake to tell people in Bangkok to mark themselves as safe, Facebook Inc. said. How much more common the social network’s “safety check” alerts are going to become is… Read More ›
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World’s Richest Made $237 Billion, As Populists Won 2016 Ballots
The world’s wealthiest people are ending 2016 with $237 billion more than they had at the start in a year when populist voters reshaped power and politics across Europe and the U.S. According to the Bloomberg Billionaires Index, the biggest fortunes on… Read More ›
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Analysts say that OPEC’s Effort to Balance Oil Markets this Year could be Derailed by China
Matt Smith, head of commodities research at shipment-tracking firm ClipperData said that OPEC’s effort to balance an oversupplied oil market could have the unintended consequence of crimping crude demand from China. OPEC’s current strategy would be significantly hurt if there is… Read More ›
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Without Deals With Big Oil, Iran’s OPEC Win Lacks Substance
Iran would be among few countries that have benefited as significantly from the oil market’s 2016 recovery. As prices rallied and won approval from OPEC last month to pump even more while other members cut, the Persian Gulf producer has doubled… Read More ›
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U.S. Nuclear Acquisition Makes Toshiba Signal Hit of ‘Billions of Dollars’
In a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen, Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power acquisition. Potentially requiring… Read More ›
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State Bailout for World’s Oldest Bank Approved by Italy
After the world’s oldest bank, Monte dei Paschi di Siena, failed to secure backing from private investors, Italy’s government approved a state bailout for the bank. In order to help the country’s embattled banking sector, with BMPS, Italy’s third largest bank,… Read More ›
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As Low Oil Signals Boom Days Over, Bank Mergers Spread in Mideast
2016 has been all about consolidation for oil-rich Persian Gulf states, Cutting of state spending, tapping reserves and combining some of their largest banks to reduce costs and duplication has been forced in countries such as the United Arab Emirates,… Read More ›
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Mexico’s Record Fuel Imports Results in U.S. Refiners Cashing in
Shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy, U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico. Providing business worth more than $15 billion… Read More ›
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