Having demonstrated its military prowess by largely wiping out the foes of Syrian President Bashar al-Assad and with the U.S. tasting limited success in its aims to engage North Korea’s leadership, Russia is once again flexing its diplomacy-backed military muscles… Read More ›
Economy & Finance
U.S. Federal Reserve largely expected to raise interest rates on Wednesday
While the hike of interest rates is on expected grounds, its expected hint on the impact of Trump’s tax overhaul is eagerly awaited by investors. With the widely expected raise of interest rates by the Federal Reserve is likely to… Read More ›
UN Report Predicts 3 Percent Growth Rate For Global Economy For 2018 And 2019
The UN said that the through 2018 and 2019, there would be stability in the world economy, following an inspiring rate of 3 percent in growth in 2017. The predictions were revealed in a UN world economic prospects report. Since… Read More ›
UK Government Spending Watchdog Claim Government Lost Out On Million In Sale Of Green Investment Bank
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 ›
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 ›