Author Archives
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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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Populism has Weakened European Integration, says ECB’s Draghi
ECB President Mario Draghi said in an interview published on Wednesday that the spread of populist movements is threatening European integration and efforts to find joint responses to immigration, security and other shared concerns. EU citizens’ main worries were “now immigration,… Read More ›
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In Danger of Winter Power Shortages are France and Britain
If there is a cold snap in early December or January, most at risk of power shortages this winter are France and the U.K. among the European nations. According to European grid group Entsoe’s Winter Outlook report, France will need… Read More ›
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Property Vacancy Rate a Risk Worry says Singapore Central Bank
In the annual financial stability review of Singapore’s central bank, the city-state’s property investors got a yellow card. “Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate increases mean that they… Read More ›
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Slowly Drawing the Notice of Investors is War Torn and Strife Hit Iraq
The distinction of being one of the fastest growing economies in the world has been awarded to one of the most unstable countries in the world. And that economy is of Iraq, which, according to World Bank data, is expected… Read More ›
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Boost from Raw Material Sectors Pushes China’s Industrial Profits in October
Even though growth was skewed towards high-polluting heavy industry, suggestions of further strengthening of the world’s second-largest economy were made as profit growth in China’s industrial sector picked up in October which was aided by stronger sales and higher prices…. Read More ›
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Spending Rises in U.K., no Sign of Brexit Effect Shown by Economy
As the U.K. economy registered a resilient performance following the Brexit vote, consumers and businesses increased their spending in the third quarter The Office for National Statistics said that business investment increased 0.9 percent and household spending rose 0.7 percent… Read More ›
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Success Lies in Oil Market Far, Far Away For OPEC’s Rivals
The long way around is better than any shortcut to success is the realization of the rivals of OPEC seeking to reach its most-prized oil customers. The glut that was exacerbated by its prior strategy of keeping taps open has… Read More ›
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Macquarie, ANZ to Pay $11 Million Over Malaysia Rates Probe
After admitting to attempted cartel conduct relating to the setting of a benchmark Malaysian rate in 2011, Macquarie Bank Ltd. and Australia & New Zealand Banking Group Ltd. agreed to pay a combined A$15 million ($11 million) in penalties. Melbourne-based… Read More ›
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