Author Archives
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To Stem Oil Price Pressure, Abu Dhabi Sets Sights On Financial Services
In a continued push to diversify the United Arab Emirates’ economy as its comes under continued pressure from oil prices, Abu Dhabi has set its sights on developing a booming financial services sector. To power their economies, attempts to reduce… Read More ›
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Retailers Are Going Bankrupt At A Record Pace Noticed For Etailiers Going Bankrupt
Jason Mudrick Says Retail Is a Mess, to Say the Least. As retailers try to cope with the rapid acceleration and growing popularity of online shopping, they are filing for bankruptcy at a record rate, Mudrick says. Almost topping off… Read More ›
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Change Of Tone On Economy And Pausing To Be Undertaken By ECB
The slight changes in tone when it comes to their assessment of economic activity is expected to dominate the meeting of the European Central Bank meeting that is scheduled to be held this week. There appears to be little appetite to… Read More ›
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China Policymakers Cite Strong First-Quarter GDP, Stable Yuan, Sound Bullish On Economy
After a solid first quarter, pointing to a slow down in capital outflows and a stable yuan after a selloff last year stoked fears of instability, policymakers in China are pushing a bullish message on the world’s second-biggest economy. China’s… Read More ›
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U.S. Will Consider EU Free Trade Deal, Says An Encouraged Germany’s Merkel
By saying that she was “very encouraged” that talks were being looked at after her recent trip to Washington, German Chancellor Angela Merkel fueled expectations of a future EU-U.S. trade deal on Sunday. Germany would continue to work for trade… Read More ›
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Corporate America’s Debt Being Loaded Up By Foreigners
Foreign investors apparently found what they were looking for in the U.S. last year as there are no borders when it comes to the hunt for yield. Foreigners rushed to “buy American” in the U.S. corporate debt market in 2016… Read More ›
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With The Aim To Invest In Digital Currency, New Global Fund To Raise $300 Million
As fund managers and investors seek to tap growing demand for virtual assets that allow for instant, borderless transactions, Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million. The co-founder of… Read More ›
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France outpaces Germany as euro zone business activity reaches new six-year high
Riding on strong demand and increasing business prospects, new data showed on Friday that business activity in the euro area hit a fresh six-year high in April. Compared to 56.4 in March, the flash euro zone composite PMI (purchasing managers’… Read More ›
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In French Presidential Campaign, US Eyes Russian Meddling
Saying that the tactics being used are similar to those deployed in the 2016 U.S. presidential election, U.S. officials are warning of Russian interference in the hotly contested race as voters in France prepare for their presidential election Sunday. Russian… Read More ›
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Companies Plot Their Plan B As Uncertainty Looms over French Presidential Elections
Amid the growing prospect that Marine Le Pen or Jean-Luc Melenchon could win the presidency on platforms of raising trade barriers and potentially exiting the euro currency bloc, French companies are stealthily preparing for the worst. In the case of a… Read More ›
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