As the value of all cryptocurrencies has surged tenfold this year to more than $170 billion globally, bitcoin is booming and digital currency hedge funds are sprouting at the rate of two a week. Yet for all the hype, taking… Read More ›
Economy & Finance
Australian Assets Are Being Bought Up By The Wealthy Chinese, Here’s Why
From housing to ports to agriculture, Chinese investors are buying up assets very fast in Australia. From $300 million to more than $1 billion over the past year, Chinese investment in Australia’s agricultural sector has been very significant and this… Read More ›
North Korea’s exports of iron ore, lead and coal fall to their historic lows
While China had earlier continued to export gasoline and diesel to Pyongyang it has stopped doing so over concerns that North Korea will be unable to pay for the goods. Although export levels have dropped significantly, they are yet to… Read More ›
Saudi Arabia’s Public Investment Fund to invest $20 billion along with BlackStone in a $50 billion fund
The PIF is of strategic nature for Saudi Arabia since it is part of its economic reform plan. The fund aims to invest in educational and medical projects and create 20,000 jobs in the next two years. On Tuesday, the… Read More ›
U.S. electricity grid reliable enough, does not need further propping up – industry groups
Electricity producers across the energy spectrum, have come together and have stated to the Trump Administration that it should drop its proposal of propping up ageing coal power plants. In a surprising development, industries that rarely see eye to tight,… Read More ›
Demand for oil in Southeast Asia to continue to rise upto 2040: IEA
Here’s the forecast by the International Energy Agency for fossil fuels, including oil, gas and coal for Southeast Asia upto 2040. On Tuesday, the International Energy Agency forecast that the demand for crude oil in Southeast Asian is likely to… Read More ›
Upcoming rules under EU’s MiFID II regime to bring about level playing field for asset managers
Paying 3000 pounds for an hour’s chat with a “rock star” analyst to be a thing of the past. On Monday, as per a thinktank’s findings, banks which charge thousands of pounds for briefings from top analysts typically exemplify an… Read More ›
Boeing and Mitsubishi Heavy Industries Ltd agree to cost cutting measures for the Boeing 787 Dreamliner
The move is not only in line with U.S. President Donald Trump’s efforts to shift manufacturing back to the United States but also has material cost savings factored in it. On Monday, Japan’s Mitsubishi Heavy Industries Ltd (MHI) and Boeing… Read More ›
New Research Suggests That Economic Hypergrowth Could Result Due To Machine Learning
Artificial intelligence (AI) is already having a significant influence on everyday life, from Amazon’s Alexa learning which restaurants its users like, to Apple’s iPhone predicting the next word in a text message. What happens to economic growth if artificial intelligence starts generating… Read More ›
Trump Official Says China’s Slow Reform Disappointed The U.S.
Ratcheting up the pressure on the world’s second-largest economy ahead of President Donald Trump’s visit to China next month, the U.S. has been disappointed this year at China’s lack of progress in pursuing market-oriented reforms, said a senior administration official…. Read More ›
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