Author Archives
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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 ›
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As Cash Flow Cues Recovery, Big Oil Looks Past Profit Crunch
The answer to the question “what’s the difference between income and cash flow?” to any oil-company accountant and they’re likely to say income makes the headlines, cash pays the bills. There’s a nub of truth there even though it may… Read More ›
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Trump triumph Stuns Wall Street Elite
New York’s financial community watched in stunned dismay on Wednesday as Republican Donald Trump clinched the White House, from plush penthouse apartments on the Upper East Side to bars in midtown Manhattan, reports Reuters. As donors and supporters of Hillary… Read More ›
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Facebook Agrees to Suspend Using Whatsapp Users’ Data, UK Privacy Watchdog says
After the U.K. watchdog said consumers weren’t properly protected, Britain’s privacy watchdog said on Monday that Facebook has agreed to suspend using data from UK users of its WhatsApp messaging app for advertisements or product-improvement purposes. If the social media… Read More ›
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Amid Currency Crunch, $662 Million of Solar Deal Inked by Egypt
After a currency crisis in the country this year slowed the industry and in a sign that developers are slowly moving forward with clean-energy projects, Egypt has agreed to buy about 400 megawatts of solar capacity. According to Mohamed Salah… Read More ›
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Return of Sparring With Iran Could See Saudis Raising Oil Output Again: Reuters
OPEC sources reportedly said that if Tehran refuses to limit its supply, Riyadh says it could raise oil output steeply to bring prices down, stirring up old disputes between Saudi Arabia and rival Iran which resurfaced at a meeting of… Read More ›
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Possible U.S. Price Fixing Brings Drugmakers Under Fire
Calls to probe whether Sanofi SA, Eli Lilly and Co, Merck & Co Inc and Novo Nordisk A/S colluded to set prices for insulin and other diabetes drugs was made by two prominent U.S. lawmakers who appealed to the federal… Read More ›
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Britain’s Tax Agency Probes One Third of the Country’s Wealthiest People
A report by the U.K.’s National Audit Office (NAO) said that the country’s official tax collection agency is investigating one third of the wealthiest people in the U.K. currently. The tax accounting of the U.K.’s 6,500 richest individuals is studied by… Read More ›
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In Brexit Christmas Pinch, Apple, Electrolux Raise U.K. Prices
By charging more for their products in Britain, Apple Inc. and Electrolux AB responded to the falling pound as the Brexit squeeze on U.K. consumers tightened. While Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10… Read More ›
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