The intensive and relentless efforts by the United States President Donald Trump to reduce the trade deficit with Japan, expectations of an increase in exports to the US because of trade talks between the two countries was expressed by almost… Read More ›
Economy & Finance
Significant Crude Price Drop In One Month Forces Opec To Close In On Production Cuts
After almost a year of increasing oil output, the Opec and its allies are now poised to again reduce production with the aim of cutting down supply of crude to the market in 2019 to shore up prices. Saudi Arabia,… Read More ›
IMF Expects Argentine Recession To Turn Around In Q2 Of 2019
According to the International Monetary Fund, the recession in the Argentine economy would bottom out by the first three months of next year and a recovery in the economy would be initiated in the second quarter of 2019. The IMF… Read More ›
British parliament likely to vote down May’s Brexit deal: Justine Greening
Justine Greening, the former education minister from Theresa May’s cabinet, has joined the growing chorus for a second Brexit referendum. On Monday, Justine Greening, the former education minister from Theresa May’s cabinet stated, the British parliament will vote down Prime… Read More ›
UK Prime Minister Sets Up Brexit ‘Business Councils’ For Strategy Setting
Five new business councils have been formed by the British Prime Minster Theresa May to advise the government on the best ways to create the most suitable business environment in the country after implementation of Brexit. There are some bog… Read More ›
Saudi think-tank studying possible breakup of OPEC
The Saudi Government-funded think tank is studying the potential impact this move would have on the oil market. The Wall Street Journal has reported citing sources familiar with the matter at hand as saying, a top government-funded think tank in… Read More ›
Pay growth for new recruiters across the UK rise to 3-year high
It is to be seen whether this pay growth will translate to better and stronger earnings across the British workforce. On Thursday, recruiters disclosed the starting salaries across British companies are rising at their fastest rates in recent years, thus… Read More ›
Large group of institutional investors drag 16 major banks to court over rigging forex market
The 221 page complaint alleges that these 16 major banks had colluded to rig the roughly $5.1 trillion-a-day foreign exchange market. In a significant development, a group of big institutional investors, which includes BlackRock Inc and Allianz SE’s Pacific Investment… Read More ›
Saudis Take to Social Media To Call For Boycott Of Amazon Over Khashoggi Issue
Jeff Bezos – owner of the Washington Post, and his business in Saudi Arabia and in the Middle East is being targeted by Saudis who are reportedly unhappy with the manner in which the killing of its journalist Jamal Khashoggi… Read More ›
GE in talks to divest its commercial lighting business to American Industrial Partners
Under CEO Larry Culp the conglomerate is continuing to divest assets from its businesses other than those from its core areas of renewable energy, jet engines and power plants. General Electric is in talks with American Industrial Partners, a private… Read More ›