Author Archives

• Las Vegas Sands to spend $1.1 billion in Macau’s gambling hub

  By admin1 on October 26, 2017 • ( 0 )

  

  Just as Las Vegas Sands has brought France’s Eiffel tower to Macau, it now plans on building a London-themed attraction in Macau as well. Las Vegas Sands, owned by U.S. billionaire Sheldon Adelson, stated that it plans on spending $1.1… Read More ›

• Hong Kong and Singapore link up their trade and finance platforms to blockchain technology

  By admin1 on October 25, 2017 • ( 0 )

  

  The project aims at harnessing the benefits of Distributed Ledger Technology (DLT), also known as blockchain, to better tap into the synergies of $2 trillion worth of transactions between the two nations. On Wednesday, the central banks of Hong Kong… Read More ›

• The finer points of the Bombardier Airbus deal

  By admin1 on October 25, 2017 • ( 0 )

  

  Ever wondered why suddenly the Canadian government selected Airbus when it was actively courting greater economic ties with China following Trump’s threat of tearing apart and renegotiating NAFTA agreement? This makes an interesting read. According to five sources familiar with… Read More ›

• U.S. Senate kills CFPB’s rule on arbitration and class action lawsuits

  By admin1 on October 25, 2017 • ( 0 )

  

  The rule disallowed a customer’s right to sue, individually or as a group, in the event of them becoming a customer of a financial company, including a bank; the banning of their rights is irrespective of any wrongdoing or misconduct… Read More ›

• North Korea’s exports of iron ore, lead and coal fall to their historic lows

  By admin1 on October 24, 2017 • ( 0 )

  

  While China had earlier continued to export gasoline and diesel to Pyongyang it has stopped doing so over concerns that North Korea will be unable to pay for the goods. Although export levels have dropped significantly, they are yet to… Read More ›

• Saudi Arabia’s Public Investment Fund to invest $20 billion along with BlackStone in a $50 billion fund

  By admin1 on October 24, 2017 • ( 0 )

  

  The PIF is of strategic nature for Saudi Arabia since it is part of its economic reform plan. The fund aims to invest in educational and medical projects and create 20,000 jobs in the next two years. On Tuesday, the… Read More ›

• U.S. electricity grid reliable enough, does not need further propping up – industry groups

  By admin1 on October 24, 2017 • ( 0 )

  

  Electricity producers across the energy spectrum, have come together and have stated to the Trump Administration that it should drop its proposal of propping up ageing coal power plants. In a surprising development, industries that rarely see eye to tight,… Read More ›

• Toshiba Corp taking steps to mitigate the eventuality of delay in clearance of its divestment in its NAND memory business

  By admin1 on October 24, 2017 • ( 0 )

  

  A delay could trigger its delisting from the Tokyo Stock Exchange. On Tuesday, Toshiba Corp’s Chief Executive disclosed that the conglomerate is looking at various scenarios, including its inability to complete the $18 billion sale of its prized NAND memory… Read More ›

• Demand for oil in Southeast Asia to continue to rise upto 2040: IEA

  By admin1 on October 24, 2017 • ( 0 )

  

  Here’s the forecast by the International Energy Agency for fossil fuels, including oil, gas and coal for Southeast Asia upto 2040. On Tuesday, the International Energy Agency forecast that the demand for crude oil in Southeast Asian is likely to… Read More ›

• Upcoming rules under EU’s MiFID II regime to bring about level playing field for asset managers

  By admin1 on October 23, 2017 • ( 0 )

  

  Paying 3000 pounds for an hour’s chat with a “rock star” analyst to be a thing of the past. On Monday, as per a thinktank’s findings, banks which charge thousands of pounds for briefings from top analysts typically exemplify an… Read More ›