Author Archives
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Last Year Cybercrime had Hit 54 Million Europeans
A report from Norton by Symantec has warned that many of the people in Europe ere complacent about cybercrime even as the report stated that more than 54 million Europeans were affected by cybercrime in the past year. The cybersecurity… Read More ›
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As Demand Picks up, a very Slow and Steady RecoverySeen in Global Shipping Industry
A market recovery in the shipping sector was signaled as the Baltic Dry Index (BDI) reached its highest level since August 2015. The Baltic Dry Index (BDI) is an indicator of the shipping costs for bulk commodities. With overcapacity bringing… Read More ›
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Hopes of OPEC Output Cut Helps Oil Prices Rise 2 Percent
Buoyed by rising optimism that OPEC will agree later this month to cut production to reduce a supply glut, oil prices rose around 2 percent on Tuesday and they bounced back from multi-month lows. After hitting a three-month low of… Read More ›
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Inflation to be Fueled by President-elect Trump’s Spending Plans and Gold Consequently to Get Boost
Gold could be helped in gaining price as there us expectations that inflation in the U.S. would rise due to President-elect Donald Trump’s plan to spend on big projects, said a fund manager on Tuesday. The prices of metals have already… Read More ›
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EU says after Trump Win, U.S. Trade Talks in Deep Freeze
The European Union said on Friday that they do not expect the EU/U.S. trade talks to resume for some time and are of the opinion that Donald Trump’s election to the White House has consigned EU/U.S. trade talks to the… Read More ›
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European Stocks Lose More Ground due to Perceived Trump-Trade Reversal
Equities were sent lower as winners and losers among European stocks swapped places in the immediate aftermath of Donald Trump’s election victory. Riding on bets the moves went too far, industry groups that rallied as Trump defeated Hillary Clinton lost… Read More ›
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Saudi Stocks Enter Bull Market as Banks’ Cash Squeeze Abates
As investors bet that the Saudi government’s belated payments to contractors would help spur more gains, the Saudi Arabian stocks entered the bull market and extended their winning streak to six days. Taking its rally this week to 7.7 percent,… Read More ›
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In the Aftermath of U.S. Election, Pound Emerges a Surprise Winner
The pound is an unexpected beneficiary due to investors’ concern about political shifts outside Britain. Since last Friday, Sterling has climbed against all of its 31 major peers. Global markets were thrown into turmoil as traders reappraised populist movements and… Read More ›
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Asian Countries Face Potential Threats by Trump’s Win
Not just for Chinese growth, but the entire Asia region, Donald Trump’s election as U.S. president poses significant new risks for the Chinese economy just when China’s economy seemed to be stabilizing, The reason: the president-elect campaigned on a policy… Read More ›
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Frankfurt move over Brexit being Considred by Goldman Sachs: Report
As Goldman Sachs tries to secure access to the European Union market when Britain leaves the bloc, it is considering shifting some of its assets and operations from London to Frankfurt, reported CNBC quoting three people familiar with the matter…. Read More ›