Markets across the world have fallen due to North Korea’s missile launch. As per South Korea’s Yonhap news agency, top South Korean and U.S. military officials have agreed to make a strong response to North Korea’s latest ballistic missile… Read More ›
Economy & Finance
Uneasy China tries to appease U.S. concerns on its export of cheap steel
The Trump Administration has twice rejected Beijing appeal to cut steel overcapacity by 150 million tonnes. The Financial Times has reported citing sources familiar with the matter, U.S. President Donald Trump has rejected a Chinese proposal to cut steel overcapacity… Read More ›
Warning On Emerging Markets Given By Wall Street Vets From Dalio To Gundlach
In warning that risky assets are overvalued, more investors are joining the cast of Wall Street veterans from Jeff Gundlach to Ray Dalio. The valuations that no longer compensate for potential flareups in North Korea and Venezuela, the racially-charged violence in… Read More ›
Hurricane Harvey thrash U.S. Gulf Coast refineries, brings crude production comes to a grinding halt
In the long run analysts expect Harvey to have long term impact on U.S. crude’s value chain. With Hurricane Harvey leaving a trail of destruction, knocking out refineries and crude production facilities, along the U.S. Gulf Coast, oil markets around… Read More ›
Rare Whisky Are Being Poured Into By Some Investors – Here Is Why
There are booming investments in old, rare and exclusive bottles of whisky, according to analysts. Noting a rise of 94 percent from the first half of 2016, the value of collectable bottles of Scotch sold at auction broke a record… Read More ›
Global Bank Asks, ‘Who Cares?’ Even If There Are Concerns About Slow Economic Growth
DBS said in a note recently, just a myth is the persistent belief that global economic growth is “dangerously slow” and fragile. “If you’re worried about slow growth today, get used to it. It’s probably going to be slower five… Read More ›
After Brexit, Frankfurt Hopes To Become ‘Little London’
After a study said tens of thousands of jobs would be created, bolstering Germany’s banking capital, a city official has predicted that Frankfurt could become a miniature version of London after Brexit. As London, its dominant British rival, prepares for life… Read More ›
With Plans In Hand And Economy In Decline, Britain Heads Back To The Brexit Table
There are now signs of a potentially serious slowdown in Britain’s economy after a prolonged period of relatively benign economic numbers following last year’s vote to leave the European Union. From a widening trade deficit to lackluster manufacturing, they stretch… Read More ›
Amazon to slashes prices of groceries from Monday
The price war in the retail groceries market is now set to intensify. With Amazon.com successfully navigating the landmine of antitrust scrutiny for it’s acquisition of Whole Foods Market Inc, the shares of rival groceries have started to tumble on… Read More ›
Apple to receive $207.8 million incentive for its data centers in Waukee, Iowa
Midwestern states have become a magnet for data centers of tech companies in the state. Apple has disclosed that it will build a $1.375 billion data center in Waukee, Iowa and receive $207.8 million in incentives from the Iowa Economic… Read More ›