Author Archives
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Post Brexit Vote, New Europe Unit Mulled by Wells Fargo
Before taking steps to ease the impact on its business, Wells Fargo & Co. won’t wait for the U.K. to formally trigger an exit from the European Union. Frank Pizzo, president for Europe, the Middle East and Africa, said in… Read More ›
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Investors Question Lender’s Health Resulting in Slump in Deutsche Bank
Following a media report that said that the German government wouldn’t step in to back the lender, fueling investor concerns about its weakened finances, Deutsche Bank AG shares dropped to a record low and its riskiest bonds declined. Bringing losses… Read More ›
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Biggest Buyers of U.S. Bond Markets are Selling at Historic Highs
Foreign central banks have become yet another worry for investors in the world’s most important bond market these days, they’ve long been one of the most reliable sources of demand for U.S. government debt. Based on the Federal Reserve’s official custodial… Read More ›
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For the $37 Billion Stock Sifter, Apple Is Now Boring Enough to Buy
The losing steam of Apple Inc. stocks has only made them a bargain. According to Robert Naess, who oversees 33 billion euros ($37 billion) in stocks at Nordea Bank, Scandinavia’s largest bank, the stocks of the iPhone maker is cheap… Read More ›
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Pokemon Go Raises questions About Impact on Global Property Laws by Virtual Reality
The Sydney suburb of Rhodes was transformed to what resident Joyce Wong described as a “place of carnage” with hundreds of people wandering around like “zombies” from a quiet neighborhood within one week in July. “The car hooting noise… Read More ›
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Amid iPhone Sales Concerns, Apple Shares Fall 2%
11 points off the Dow Jones industrial average was shaved after shares of Apple briefly dipped more than 2 percent in heavy afternoon trade on Friday. The Dow Jones was brought down as Apple is the third-greatest contributor to declines in the… Read More ›
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Even After Saudis Offer Oil Cuts to Iran, OPEC Deal Remains Elusive
An agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production even though OPEC members aren’t likely to reach a supply deal in Algiers next week…. Read More ›
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India’s Aging Air Force Fleet to Be Boosted as it Buys 36 Rafale Jets
In a long-delayed deal that will equip India’s air force with advanced fighter jets Indian Prime Minister Narendra Modi has finalized an order to buy dozens of warplanes from France. A contract to purchase 36 Rafale jets from Paris-based Dassault Aviation… Read More ›
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New Index on Free Economies Places US on 16th Spot, Hong Kong, Singapore Tops List
As the United States languished in the middle of the pack of large economies, with relatively better growth and liberalization providing ballast to economies in Asia, the world’s largest economy just isn’t what it used to be, suggests a new… Read More ›
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Indian ETF Makes First Debut in International Markets
The first Indian equity exchange-traded fund (ETF) ever to be listed outside its home country after Indian asset manager Zyfin Holdings listed it on the London Stock Exchange and Deutsche Boerse. Aiming to offer investor exposure to Indian equities by… Read More ›
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