Author Archives
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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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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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