Author Archives
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Foxconn Eyes U.S. Expansion, Softbank’s Son Pledges $50 Billion as Trump Woos Asian Firms
As U.S. President-elect Donald Trump pushes to bring manufacturing and jobs back home, two of Asia’s biggest technology companies said they were looking to expand investment in the United States. Apple Inc supplier Foxconn said it was in preliminary discussions… Read More ›
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Goldman and Deutsche Bank say as Cash Crunch Impact Ebbs, India’s Economy to Rebound Next Year
Even as a massive cash crunch is expected to drag growth lower in the current year, India will rejoin the ranks of the fastest growing major economies in the world next fiscal year. While Goldman Sachs pegged the growth rate for… Read More ›
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Alipay Expands into Europe with Deals with Banks, Hints at Apple Pay Rival
As Ant Financial, the Alibaba affiliate, continues to expand in Europe, announced partnerships with European banks. The company runs the Alipay payments service. The company claimed that an additional 930,000 merchants would be allowed to start accepting Alipay if they wish to… Read More ›
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New Market Opens up as Gold Standard Approved for Islamic Finance
Following the acceptance of gold as a means of trading by the group that sets standards for the industry adopted Shariah-compliant rules, the precious metal is now acceptable for the first time as an investment in Islamic finance. The Accounting… Read More ›
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Donald Trump Enters South China Sea Debate as he Slams China as Currency, Trade Manipulator
Accusing Beijing of manipulating its currency, unfairly taxing U.S. products and militarizing the South China Sea, Donald Trump has lashed out again at China. Tweeting on Sunday evening, the U.S. president-elect said: “Did China ask us if it was OK… Read More ›
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New Singapore Peak as One Less Crane Dots the City Sky
The Tanjong Pagar Centre complex in Singapore has been dubbed a “vertical city” and sits atop one of the wealth city state’s busiest train stations even as the city state’s canyons of skyscrapers get a new peak with the opening… Read More ›
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Here’s Why Emerging Markets are a Favorite for Credit Suisse for 2017 Investment Opportunities
According to Swiss investment bank Credit Suisse, emerging economies would be an attractive investment target for next year due to the emergence of reform-oriented governments, relative political stability and economic resurgence in some of the larger nations. International developments over the… Read More ›
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Trump’s Presidency Will Benefit Stocks in Almost Every Sector, says Goldman
Many are now hopeful that President-elect Donald Trump will finally make things interesting after years of slowing earnings growth and little in the way of excitement for many Wall Street analysts. Goldman Sachs Group Inc. included a question this month… Read More ›
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In his Mission to Colonize Mars, Elon Musk may Have a New Partner
A new partner in his planned mission to Mars may just have been found by billionaire Elon Musk and SpaceX. The startup of Naveen Jain, the founder of a space exploration company called Moon Express, is willing to work with… Read More ›
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$27 Billion Injection Boost Saudi Arabia Wealth Fund
In order to accelerate dealmaking and lessen the country’s dependence on oil, Saudi Arabia is boosting the firepower of its sovereign wealth fund. Increasing its existing assets by about 17 percent, the SPA official news agency said that the Public… Read More ›
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