“Tremendous damage” will be done to the global economy in the long run because of the affinity of many central banks towards zero or negative interest rates, warned analysts and added that central banks all around the world are going… Read More ›
Economy & Finance
Britain clinches Brexit agreement
The keys to the deal lies with the DUP, which provides critical support to Johnson’s government. On Thursday, in a historic development, at the very last minute, Britain has managed to clinch a Brexit deal with the EU. However, British… Read More ›
Brexit deal close but not guaranteed: Jean-Baptiste Lemoyne
Yesterday, Northern Ireland’s Democratic Unionist Party stated it is not in a position to support the Brexit deal being proposed by British Prime Minister Boris Johnson and the European Union. On Thursday, French junior foreign affairs minister Jean-Baptiste Lemoyne disclosed,… Read More ›
Bulgaria readu to double subsidies for Volkswagen’s new auto plant : Bulgarian Automotive Cluster
Romania has also initiated talks to lobby for the investment. Turkey’s military offensive in Syria is taking a toll on its economy: Bulgaria said, it is ready to offer more incentives to Volkswagen for it to build a new plant… Read More ›
Airbus sells 10 A321 neo jets to Chilean budget carrier Sky Airline
The deal is worth nearly $1.3 billion at list prices. According to two industry sources, Airbus has sold ten A321neo aircraft to Sky Airline, a Chilean budget carrier. The scope of the deal was included in a monthly Airbus order… Read More ›
Brazillian power firm Centrais Eletricas Brasileiras SA to issue new follow-on share offering worth $2.42 billion
The proceeds will be used to reduce the company’s debt load and help execute its five-year strategic plan. In a securities filing, Brazil’s state-run power firm stated, its board of directors has approved an extraordinary shareholders meeting to decide upon… Read More ›
EU eyeing emergency summit for Brexit deal: BBC
It is to be seen whether this new emergency summit can lead to a breakthrough. British Prime Minister Boris Johnson’s complicated plan of placing Northern Ireland in a dual customs zone with the UK and EU will require major updates… Read More ›
Regulator Says Preparations For Risks Like Brexit Need To Be Made By Financial Leaders
The leading body for global financial stability has warned that emerging risks to the global economy including a global economic downturn and Brexit has to be addressed by the global authorities gathering in Washington this week. While much has been… Read More ›
Vague US-China Deal Not Enough For Firms To Being Spending And Investing
There is apparently a difference in the manner in which the United States and China view the partial trade deal that the two parties have managed to reach as reported. While it is being viewed as a trade deal by… Read More ›
Russian investors keen to invest in Saudi Aramco’s IPO
The development underscores a growing closeness between Moscow and Riyadh. In a development that underscores growing trade relations between Saudi Arabia and Russia, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF stated, a number of Russian… Read More ›
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