Author Archives
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Better Idea of post Brexit Scenario Emerges with Change of Guard in Britain
A clearer picture has emerged of what the negotiations between the European Union and the U.K. could look like and what a so-called could Brexit mean for the country after fresh new faces arrived at the nucleus of British politics…. Read More ›
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Most Oil Since 2009 Amassed by North Sea Fleet as Traders Hoard
In what is being described as the latest sign of faltering demand that has triggered the biggest build up of stockpiles at sea since 2009, oil traders increased the fleet of ships deployed in the North Sea to store crude…. Read More ›
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Germany Issues 10-year Bond With Negative Yield as the Second G-& Nation After Japan
Highlighting a willingness among investors to hold top-rated debt even as yields across the world collapse, Germany became the second G-7 nation after Japan to issue 10-year bonds with a negative yield. Fetching the lowest average yield on record for… Read More ›
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Brexit-spooked Banks Could End up spending $67 million Leaving London
As much as £50 million ($66.5 million) could be spent to relocate to the European Union (EU) by London-based banks looking to pack up after Brexit, claims a report that was published recently. On an average, £50,000 ($66,252) per employee… Read More ›
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Portuguese Economy could be Fighting a Losing Game Even as the Country Wins at Soccer
Even as the nationwide celebrations across Portugal which began this weekend after the country’s football team won the Euro cup would take some more time to settle down, analysts have said that it was also time for the nation to… Read More ›
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Action on Italy’s Retail Investors’ Bank Bail-In Urged by IMF
The International Monetary Fund has noted that “very high” amounts of non-performing loans and slow judicial processes were straining bank balance sheets and have called for action over concerns relating to the bail-in of retail investors in Italy. The IMF… Read More ›
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Growth in Travel Demand Urges Planemakers to Shrug Off Economy Worries
Betting that rising wealth in Asia would continue to boost air travel and offset any short-term hits to the global economy, Airbus and Boeing raised their long-term forecasts for new aircraft demand on Monday. At the biennial Farnborough Airshow, which… Read More ›
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‘The decision has been made’, says Germany’s Merkel While Taking a Tough Line on Brexit
There would be no turning back from the decision to leave the bloc and the U.K. is expected to kick off its European Union (EU) exit negotiations as soon as a new prime minister is in place, said German Chancellor… Read More ›
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Lenovo says Wrap Around Wrist Bendy Phone could be a Reality in 5 years
After Lenovo recently showed off a flexible device that can wrap around a user’s wrist, the Chinese technology firm’s head of mobile said that bendable smartphones could be a reality in five years. The concept of CPlus, which has a… Read More ›
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New Supply of Bitcoin Halved, Bitcoin ‘Miners’ Face Fight for Survival
Computers which are awarded fresh bitcoins in return for processing blocks of the latest bitcoin transactions is central in the world of the web-based digital currency and it is not central banks that add new money to the system. Such… Read More ›
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