China continued with its criticism of import tariffs on steel and aluminum imposed by U.S. President Donald Trump even as its commerce minister Zhong Shan said that the world economy would suffer because of its trade war with the United… Read More ›
Economy & Finance
Samil PricewaterhouseCoopers starts due diligence on GM Korea’s troubled unit
While the due diligence will decide the fate of GM Korea, already 2,500 workers, amounting to nearly 15% of the plant’s staff, have opted for a redundancy package, as part of a strategic restructuring. On Monday, an official from South… Read More ›
Crude oil prices edge up on a drop in U.S. drilling activity
The general U.S. oil drilling trend shows that it is set to become the world’s no.1 oil producer. On Monday, two factors contributed in the rise of oil prices. The first was the drop in production of U.S. rigs drilling… Read More ›
Increase In U.S. Growth Rate Of Jobs In February
While the rate of job creation in the US increased in the month of February, there was a slowdown in the annual rate of wage growth. According to official figures, expectations of the jobs growth by analysts were surpassed as… Read More ›
South African Hops Becoming More Popular With Craft Brewers
Craft brewers around the world are now feverishly seeking hops from South Africa’s Western Cape. But given the hot and dry climate of the region, growing hops in South Africa is a near impossibility. However, the odds have been thrown… Read More ›
2017 Eurozone Growth Fastest In A Decade At 2.3 Per Cent
The economic growth rate for the 19-member eurozone saw a growth of 2.3 percent year-on-year for the fiscal year of 2017, according to official data which was released by the economic block earlier in the week. The registered rate of… Read More ›
Massive Cyber Hack Forces Crackdown On Cryptocurrency Exchanges By Japan
Following a recent cyber heist of $530 million in Japan that has once again shaken the world of cryptocurrency, trading was halted at two cryptocurrency exchanges forcefully by the authorities in Japan as a part of its crack down on… Read More ›
Grab in advanced talks to acquire parts of Uber’s Southeast Asian business
The move could potentially see Uber pull back from its global expansion drive. As per a source with knowledge of the talks, Grab, Southeast Asia’s biggest ride-hailing firm, is in advanced negotiations with Uber Technologies to acquire some parts of… Read More ›
Goldman Sachs preparing to move its London-based team to Frankfurt
Members of Goldman Sach’s derivatives and debt capital markets teams, working on German accounts, have been told to relocate to its offices in Frankfurt. According to two sources with knowledge of the matter, Goldman Sachs has put more than 2… Read More ›
Britain based financial services likely to have limited market access to EU’s single market regime
The services of London-based financial services, including funds, banks and insurers are likely to be capped in their access to EU’s single market regime. Bloomberg has reported, citing a draft document, that the European Union plans on providing British-based financial… Read More ›
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