Bitcoin has become a cause of worry for more traditional money managers than every before. Bank of America Merrill Lynch’s December global fund manager survey that was released on Tuesday sowed that bitcoin was at the top of the list… Read More ›
Economy & Finance
China allowing tourism in North Korea through its border cities with its ally
Thanks to Chinese tourists North Korea earns $44 million a year in foreign currency. According to tourism sources, Chinese tourists are still visiting Pyongyang from China’s border city Dandong. The development is despite apparent unofficial halting of such tours, just… Read More ›
Here’s how the U.S. industry is going to benefit from the tax overhaul
The Republican-led overhaul of the U.S. tax code, a milestone in U.S. history, has direct and indirect benefits but the sectors that are likely to gain the most are highlighted below with notes from analysts. With the Republican-led U.S. House… Read More ›
China blocks tourism with South Korea
With geo-economic tensions rising in the Korean peninsula, China is back, once again, bullying and waging an economic war on its neighbour South Korea. With the U.S maintaining its pressure on North Korea, the dictatorial regime main ally China has… Read More ›
A Survey Of European Economists Says Global Financial Stability Not At Risk Due To Bitcoin
According to a group of leading economists from Europe, bitcoin is unlikely to shake up the mainstream markets and as such the cryptocurrency poses no real treat to financial stability. There have been repeated warnings from senior financiers about the… Read More ›
Saudi Arabia’s 2018 budget to focus on economic development and expansion
Saudi Arabia wants to diversify and wean its economy from the singularity of oil exports. Its budget is expected to largely follow this framework. As per a senior official from Saudi Arabia’s Minitry of Finance, the Kingdom’s 2018 budget, scheduled… Read More ›
There Is An Acquisition Frenzy For The New Breed Of Aggressive CEOs At Computer Chip Firms
Cavium, a midsize manufacturer of computer chips, was proposed to be taken over by Matthew Murphy, CEO of Marvell Semiconductor. It was a bold move considering the fact that he had become the chief executive for the first time and… Read More ›
Three Big Besieged U.K. Retailers Face A Make-Or-Break Christmas This Year
This holiday season is a make-or-break for some of the U.K.’s major retail chains even as the entire industry in the U.K. would wan to forget the year, say investors. Fashion retailer New Look Retail Group Ltd and department-store operators Debenhams Plc and House… Read More ›
U.S. taxpayers rush to file their tax returns before December 31, 2017
With the Republican-led U.S. tax overhaul slated to successfully pass through the U.S. Congress by this week, taxpayers and accountants are working overtime to optimize the impact of the revised U.S. tax code on their tax profile. With the Republican… Read More ›
Trump’s new national security strategy identifies China as its main competitor
China’s trade practices, especially its over production and dumping policy, which has increasingly drawn flak across major economies including the EU, India and U.S., is likely to face further hurdles and heightened scrutiny. On Monday, with U.S. President Donald Trump… Read More ›
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