A spending watchdog in the U.K. claims that tens of millions have been missed out by ministers in the sale of Green Investment Bank (GIB) which took place in August. The valuation of the GIB that was made by the… Read More ›
Economy & Finance
EU, US, Japan join forces to expose China’s economic designs on global trading practices
The alliance will have to streamline their efforts and work more closely since any unilateral action by any member could undermine their core strategic group effort. As per a source close to the discussions at hand, the European Union, the… Read More ›
Brent crude zooms beyond $65 a barrel
U.S. oil production is rapidly approaching oil production levels of that of Russia and Saudi Arabia. With the shutdown of the Forties North Sea pipeline, a big chunk of the oil supply has been blocked from the market and along… Read More ›
Strong Trade Data For November From China Surprises Some Economists
While the growth in the demand for imports were found to be much less and slowing down compared to what economists had expected, the November data for China’s foreign trade also shows that the exports growth made by the second… Read More ›
Bitcoin Surged $2000 In 12 Hours Before Jumping Past $15,000 Mark For The First Time
Bitcoin added an astounding $1200 in its price in a matter of just 12 hours before shooting away to a value foo over $1500 in what is its first instance of touching that number. The incident happened on Thursday. Since… Read More ›
Questions Arise As Goldman Arranges For Tiny Asian IPOs In Hong Kong
This year, Goldman Sachs Group Inc. was hardly visible at the Hong Kong IPO scene. Data published in the media shows that in March a $2.2 billion share sale of Guotai Junan Securities Co is the only activity that the… Read More ›
Baupost Group led investors reap in $170 million in profits
Analysts opine SCANA will face heightened regulatory scrutiny over its decision to sell its stake in the upcoming nuclear power plants in South Carolina and Georgia. According to three sources familiar with the matter at hand, hedge funds led by… Read More ›
Goldman Sachs to st up office in Poland, hire 500 people for its backoffice operations
Cities across the European Union have become prime destinations for international banks in the wake of Britain deciding to leave the European Union. On Tuesday, Goldman Sachs stated it is looking to add 250 more staff to its roaster in… Read More ›
UAE’s private sector growth scales new heights
The country’s Purchasing Managers’ Index is slated to continue its trend through the fourth sector this year. As per the results of a survey of companies in the UAE in November, the growth of non-oil private sector in the country… Read More ›
Britain and EU negotiators agree to a deal on all Irish issues
This remarkable development, is likely to be read as a sign of progress in the ongoing Brexit negotiations, said to be the toughest and the most complicated the world has ever seen since WW2. In a development that underscores a… Read More ›
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