Author Archives

• Goldman Sachs downgrades global growth forecasts, says UK Recession Likely in 2017

  By admin2 on June 27, 2016 • ( 0 )

  

  Goldman Sachs economists wrote in a report released Sunday that following its vote leave the European Union (EU), the U.K.  is likely to enter a “mild recession” by early 2017. The global growth forecast was also downgraded by 0.1 percentage point… Read More ›

• U.S. Trade Agency Rules Arista Infringes Cisco Networking Patents

  By admin2 on June 26, 2016 • ( 0 )

  

  After the U.S. International Trade Commission ruled Arista infringed three of Cisco’s patents with its ethernet switches used in computer data centers and servers, network equipment maker Cisco Systems Inc won a key victory in a sprawling legal battle with… Read More ›

• Controls on Paid-for Internet Search Ads Tightened by China

  By admin2 on June 26, 2016 • ( 0 )

  

  Making it clear which results are paid-for and limiting their numbers, China’s internet regulator said on Saturday that search engines should tighten management of paid-for ads in search results. The Chinese government has already expressed its intention to codify its… Read More ›

• India Cuts Loan Costs to Least Since ’08 and is Beating China on Growth

  By admin2 on June 25, 2016 • ( 0 )

  

  Amid a turbulent market for global financing, as bankers showed confidence in the world’s fastest growing major economy, Indian companies have raised 7 percent more through international syndicated loans this year. Data shows a four-fold increase in loan fundraising for State-run oil company… Read More ›

• Saudi Arabia – Largest Crude Producer, sees Fading of Oil Glut

  By admin2 on June 25, 2016 • ( 0 )

  

  Strong signals that the glut that has plagued the oil market since 2014 is coming to an end is getting evident in Saudi Arabia, a country nearly synonymous with plentiful crude supplies. In the longest stretch since the Joint Organizations… Read More ›

• Warrants Issued by South Korean Court Against VW Executive over Emission Probe

  By admin2 on June 24, 2016 • ( 0 )

  

  In another blow to the German automaker Volkswagen’s efforts to move on from the emission scandal, a South Korean court on Friday issued the first warrant for the arrest of a Volkswagen AG executive in connection with its cheating of… Read More ›

• The Legal Nature of UK’s Brexit Referendum

  By admin2 on June 24, 2016 • ( 0 )

  

  While there has been wide spread reactions to the majority of people in the UK voting to leave the EU, the question that many are asking is whether the Thursday’s referendum on Brexit legally binding. “No” is the simple answer… Read More ›

• EY Survey Finds High Degree of Distrust towards Japanese Employers by their Employees

  By admin2 on June 23, 2016 • ( 0 )

  

  While it might sound like a great thing – lifetime employment is not always so if one hates the place of work. This is what a survey report in Japan has found out while in reference to the plight of… Read More ›

• Toshiba Sued over its Accounting Scandal by Japan Government Pension Fund

  By admin2 on June 23, 2016 • ( 0 )

  

  A law suit that claims nearly $10 million in damages has been filed against Toshiba by Japan’s $1.3 trillion public pension fund. The damages have been claimed after the fund lost money following the accounting scandal that pushed down the… Read More ›

• Money Transfers Seem Like “Sending an iMessage” as Banks Try Ripple Blockchain

  By admin2 on June 22, 2016 • ( 0 )

  

  In a move that could make the process of using blockchain technology faster and cheaper, several global banks including Santander and UBS are conducting real-world trials using blockchain technology for international cross-border payments. Technology provided by U.S. start-up Ripple to test… Read More ›