Whereas other shale oil companies have failed to deliver returns demanded by investors, Chevron Corp’s strategy has paid off well. U.S. oil giant Chevron Corp is turning to drilling alliances and joint ventures in its bid to dominate the Permian… Read More ›
Economy & Finance
U.S. escalates trade row with the EU: imposes 25% tariffs on alcohol products, Italian cheese, etc
These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
Global fiscal crisis poses biggest threat to global economy: World Economic Forum survey
Here is the result of the WEF’s Executive Opinion Survey. According to the results of a survey by the World Economic Forum which was published on Tuesday, the possibility of a fiscal crisis at the world stage is the biggest… Read More ›
Franklin Templeton’s K2 Advisors expands its footprint in Europe
Franklin Templeton has launched a new fund range in Luxembourg which provides local investors access to U.S. based fund managers. In a significant development, asset manager Franklin Templeton disclosed, following the launch of a new fund range in Luxembourg, it… Read More ›
‘Risk Of Further Attacks’ Forces Fitch To Downgrade Credit Rating Of Saudi Arabia
The latest geopolitical risks in the Gulf and Middle East and increasing concerns about the safety and security of the economic infrastructure of Saudi Arabia has forced major ratings agency to bring down a notch the generally strong credit rating… Read More ›
US-EU Trade Tensions Could Aggravate By Record US Tariff Award On Airbus By WTO
It is expected that the United States will be awarded a record allowance by global arbiters later this week which will allow the US to impose import tariffs on goods from Europe worth billions of dollars in connection to the… Read More ›
Responsibility For No-Deal Brexit To Fall In The UK, Says EU’s Juncker
Everything that is possible is being done by the European Union’s chief Brexit negotiator Michel Barnier and the European Commission President Jean-Claude Juncker but the responsibility of a no-deal Brexit would rest on the United Kingdom, said Juncker . The… Read More ›
Billions Lost In WeWork And Uber By Japan’s SoftBank
Japanese investment conglomerate SoftBank has been investing heavily through the $100 billion Vision Fund in the global tech industry and Silicon Valley, in companies such as Uber, Slack and WeWork. However following the IPO debacle of WeWork and the removal… Read More ›
New IMF Head Says Global Economy Should Prepare For A Fresh Downturn
The new head of the International Monetary Fund (IMF), Bulgaria’s Kristalina Georgieva, has said that the global economy should be prepared to handle another fresh round of economic downturn. She has been chosen to head the Washington-based organization amid a… Read More ›
Agriculture Focused Initial Trade Deal Struck Between The US And Japan
An initial agreement on trade and tariffs has been agreed upon by the United States and Japan that will either completely remove or bring down the rate of tariffs on some products identified in the deal that are exchanged in… Read More ›