When one considers any form of big and swift moves, this year has been one of the quietest on record for the global markets. however, volatility could soon rear its ugly head if history is an indication. Noting its lowest… Read More ›
Economy & Finance
A $2 billion private hedge fund is now worth pennies
As per WSJ’s report, Houston-based EnerVest Ltd stands out because only 7 private-equity funds worth more than $1 billion have ever lost money for investors. As per a report filed by the Wall Street Journal, a number of lenders, including… Read More ›
Michel Barnier and David Davis officialy kickstart Brexit negotiations today
While Barnier and Davies thrash out the larger issues, working groups on either side will focus on issues, including, recovering Britain’s budgetary dues to the EU, citizen’s rights, and other tidbits. On Monday, when Britain’s Brexit Secretary David Davis meets… Read More ›
Iran Holds Huge Promise — And It’s Not Just In Energy, Says This London-Based Investor
Iran actually has a host of other opportunities in less obvious areas even though the country has piqued financial interest throughout the world for its massive energy reserves, according to one global investor. The cheap labor, abundance of natural resources,… Read More ›
In A Decade Amid Economic Slumps, Italy’s Poor Almost Tripled
As Italy went through a double-dip, record-long recession, the number of Italians living below the level of absolute poverty almost tripled over the last decade. National statistics agency Istat said that up from almost 1.7 million in 2006, the absolute poor, or those… Read More ›
As Scotland And Wales Revolt, Brexit Clash Threatens U.K. Crisis
Sparking a furious backlash from Scotland and Wales and fueling political opposition that could derail her plans for Brexit, Theresa May unveiled a landmark draft law to take Britain out of the European Union. When the U.K. leaves the bloc… Read More ›
In A Bid For Aramco Prize, Britain Floats New Sovereign IPO Rules
Just as the London Stock Exchange is trying to win the IPO of Saudi Arabian oil giant Saudi Aramco, a potentially huge but controversial prize, Britain has proposed a loosening of rules on stock market listings by state companies. Even as exchanges… Read More ›
IEA Says The Crown For World’s Largest Exporter Of Natural Gas Will Soon Go To The US
According to a new report by the International Energy Agency, the position of global supremacy presently claimed by Australia and Qatar as the world’s largest exporter of natural gas is most likely to be challenged by the United States soon enough…. Read More ›
Unclear Brexit Creates ‘Trust’ Issues Exist For EU’s Barnier With Respect To The U.K.
Demanding that Theresa May’s government make its positions on Brexit clear so talks can start making progress, in the space of a week, the European Union’s chief Brexit negotiator, Michel Barnier, issued his second stern warning to the U.K. “We can’t… Read More ›
Reports Say Western Digital, Foxconn In Talks With Toshiba For Chip Unit Purchase
As Toshiba Corp seeks to revive a stalled $18 billion sale of its chip business, banking sources said that the Japanese company is in talks with Western Digital Corp and Taiwan’s Foxconn, as well as with an already preferred bidder…. Read More ›
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