Author Archives

• Thomson Reuters Corp’s Financial and Risk unit to be renamed Refinitiv after acquisition

  By admin1 on July 27, 2018 • ( 0 )

  

  David Craig, the current head of Thomson Reuters Corp’s Financial and Risk unit will become the CEO after the completion of the deal, which is expected to close by 2018. According to a statement by U.S. private equity firm Blackstone… Read More ›

• Samsung Securities Co’s CEO resigns in the wake of fat finger error

  By admin1 on July 27, 2018 • ( 0 )

  

  South Korea’s financial regulators have fined Samsung Securities Co for its $105 billion ghost stock error. On Friday, Koo Sung-hoon, Samsung Securities Co’s CEO resigned from his job following the imposition of a 144 million won fine on the company…. Read More ›

• The ECB’s options vis-a-vis its bond buying program

  By admin1 on July 26, 2018 • ( 0 )

  

  The following is an interesting take on the options available to the ECB on ways to stimulate economic growth and curate inflation in the Eurozone. The European Central Bank is likely to maintains its stimulus policy on Thursday, given the… Read More ›

• Reason prevails: Trump avoids opening second front in trade wars

  By admin1 on July 26, 2018 • ( 0 )

  

  The deal reached between Junker and Trump is likely to be the foundation for formal agreements between the EU and the US based on WTO guidelines. In a significant development, the meeting of the European Commission President Jean-Claude Juncker with… Read More ›

• Crude oil prices jump after Saudi Arabia temporarily suspends shipments through the Bab al-Mandeb strait

  By admin1 on July 26, 2018 • ( 0 )

  

  Yemen backed Iran-aligned Houthi movement attacked two of its Very Large Crude Carriers, one of which suffered minor damages. With Saudi Arabia, the world’s largest producer of crude oil, suspending the shipment of crude through the strategic Red Sea shipping… Read More ›

• EU readies tariffs worth $20 billion on U.S. goods

  By admin1 on July 25, 2018 • ( 0 )

  

  In the event of negotiations going south, the EU has a backup plan. On Wednesday, EU trade commissioner Cecilia Malmstrom, told Swedish newspaper Dagens Nyheter that in the event the United States imposes trade tariffs on cars imported from the… Read More ›

• UK’s finance sector to dodge Brexit bullet: John McFarlane

  By admin1 on July 25, 2018 • ( 0 )

  

  John McFarlane, chairman of the lobby group The CityUK, remains optimistic despite the prevailing gloom and the lack of clarity surrounding UK’s Brexit strategy. Britain is home to the world’s biggest banks is also the largest insurance market in the… Read More ›

• The EU and the US looking to avert a trade war

  By admin1 on July 25, 2018 • ( 0 )

  

  While Trump has set a sour mood for the meeting set for later today, by going into a trade war with the European Union, Washington would be opening a second front – a strategic mistake. In his signature move, U.S…. Read More ›

• Volkswagen hires BMW’s engine development expert Markus Duesmann

  By admin1 on July 24, 2018 • ( 0 )

  

  Of note is the fact that, when compared with rivals, which include Audi, Mercedes, Porsche and VW, BMW’s vehicles have faced fewer regulatory hurdles tied to excessive pollution. Duesmann is likely to head VW’s Audi brand if and when Rupert… Read More ›

• Global hotel prices and airfares set to rise in 2019

  By admin1 on July 24, 2018 • ( 0 )

  

  The annual forecast by the Global Business Travel Association (GBTA) and those from Carlson Wagonlit Travel (CWT) state cost of hotel stay and travel is likely to shoot up in 2019. According to an industry forecast, rising oil prices and… Read More ›