Author Archives
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As it Cuts into Huge State Deficit, Saudi Arabia to Boost 2017 Spending
Saudi Arabia said on Thursday that it will increase government spending in 2017 to boost flagging economic growth after it ad successfully cut into its huge state budget deficit this year. In 2016, the deficit shrank to 297 billion riyals… Read More ›
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With his Move to the US, China’s ‘Glass King’ Shatters Manufacturing Wisdom
Cao Dewang’s recent decision to move part of his operations to the United States has some asking whether the days of China as a manufacturing haven are over even as he became a billionaire by making glass for the world’s top carmakers. The U.S…. Read More ›
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Trump Vows to Shred Obama Rules as he names Icahn as Special Advisor on Regulation
A special advisor on regulation for the new U.S. Trump administration has been chosen to be billionaire investor Carl Icahn. He is a frequent critic of some Obama administration rules and a major fossil fuel investor. The president-elect’s transition team announced… Read More ›
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In Early 2017, Here’s Why a Watchful Eye Should be Kept on Italy
More risk factors are expected to unfold in 2017 following a year packed with economic and political uncertainty. However, when looking at the year ahead, Brexit and Donald Trump’s presidency isn’t what concerns him the most at present for one… Read More ›
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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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