OPEC has little choice but to stick with its plan to boost oil prices by cutting production, even though that plans seems to have fizzled. Since the Organization of Petroleum Exporting Countries first agreed production cuts in November, crude has surrendered… Read More ›
Pegged at $7 billion for 2017 and $10 billion for 2018, cost sharing subsidies are key to the survival of insurance companies. Without them, insurers say they will be forced to raise insurance premium rates by at least 20% next… Read More ›
Imagination Technologies is beginning a “dispute resolution procedure” with the U.S. technology giant after the two clashed earlier this year, said the key supplier of components for Apple products. Vital components in Apple products allowing high-quality images on its retina displays –… Read More ›
This significant move comes at a time when lawmakers are reviewing U.S. tax policies to bring back accumulated profits from overseas at lower tax rates. Apple’s Chief Executive Officer, Tim Cook has disclosed that Apple plans on creating… Read More ›
Samsung, the Korean electronics firm, has been granted permission to conduct tests on autonomous cars using the public roads on Hyundai vehicles. Bringing the key players from the battle for smartphone dominance to the brave new world of autonomous vehicles,… Read More ›
India’s government is about to embark on a spending spree, if historical facts and figures are to be believed. During the last two years of an Indian government’s five-year long term, there is generally a significant pick up in government… Read More ›
The development comes in the wake of attorney Jay Clayton heading the SEC. In a significant development, the Securities and Exchange Commission (SEC) has approved the trade of quadruple-leveraged exchange-traded funds in the United States. This indicates a first for… Read More ›
Very different messages were appeared to be sent by two signals about the strength of consumer spending in the United States. While on one hand, the consumer spending figure reported Friday was quite weak, with the Bureau of Economic Analysis announcing… Read More ›
A director at the International Monetary Fund (IMF) said that as austerity, taxes and stable oil prices begin to take effect, oil exporters in the Middle East and North Africa will see their budget deficits shrink. “Sizeable adjustments were made in… Read More ›
Keith Noreika, a banking lawyer at Simpson Thacher & Bartlett LLP, is being considered as an acting comptroller. The Wall Street Journal has reported that the Trump administration plans on replacing Thomas Curry as the Comptroller of the Currency. Although… Read More ›
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