Author Archives
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Fitch says to Watch Out for More in a Record Year of Country Downgrades
2016 seems to be headed towards being a year when rating agency – Fitch Ratings, handed over the most number of sovereign downgrades even while there is over more than three months to go till the end of the year…. Read More ›
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Chances of Fed Interest Rate Hike in September Slashed to 25 Percent by Goldman
Noting the absence of a clear indication that the central bank’s rate-setting group was set to tighten policy, Goldman Sachs has trimmed the odds of the U.S. Federal Reserve raising interest rates next week. While raising the odds that the… Read More ›
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Analysts Predict Efforts to Unload Hanjin Stalled Ships by Funding could End up Short
Daniel Yoo, head of global wealth management at Kiwoom Securities believes that the funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving. “Hanjin Group is now going to… Read More ›
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Serious Discussion of Rate Hike This Month Urged by Fed’s Lockhart
Despite the revelation of some recent disappointing economic indicators, the call for a “serious discussion” about raising interest rates at the U.S. central bank’s meeting later this month was repeated by Federal Reserve Bank of Atlanta President Dennis Lockhart. “Notwithstanding… Read More ›
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Google’s DeepMind Achieves Speech-Generation Breakthrough
A system for machine-generated speech that it says outperforms existing technology by 50 percent has been created by Google’s DeepMind unit, which is working to develop super-intelligent computers. An artificial intelligence called WaveNet that can mimic human speech by learning… Read More ›
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Mastercard sued for $19 billion in Britain’s biggest damages claim
According to court documents filed in London, a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees could potentially benefit some 46 million people in Britain. When shoppers swiped their debit… Read More ›
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Danger of Donating to Trump-Pence Ticket Alert Sounded on Wall Street
Donating to the Trump-Pence ticket may be more trouble than it’s worth – this seems to be the new memo for Wall Street. After Credit Suisse Group AG and Northern Trust Corp., it was the turn of Goldman Sachs Group… Read More ›
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Cost Cuts by China’s Biggest Banks Results in Departure of Tens of Thousands of Jobs
The possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs was highlighted when China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first… Read More ›
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$20 Billion of Projects May be Cancelled by Saudi Arabia due to Cost-Cutting Drive
With the aim of repairing finances squeezed by low oil prices, projects worth more than $20 billion is planned to be cancelled and ministry budgets by a quarter are to be slashed by Saudi Arabia, reported Bloomberg citing people familiar with… Read More ›
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Rising Demand from Developing Economies, Oberthur Fiduciaire Confident in the Future of Global Banknote Market
Since the private players provide sophisticated anti-counterfeiting technologies like watermarks and security strips, most countries around the world have outsourced banknote printing to private companies. French worldwide company Oberthur Fiduciaire, which stands in the first row of global security printers,… Read More ›
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