Inflation numbers are a key market focus for global central banks who have been battling to ward off deflation and have spent trillions of dollars in the years since the financial crisis. And with mounting signs, their efforts seem now… Read More ›
Economy & Finance
Cigna Wants To End Anthem Deal; Aetna, Humana Drop Merger
Shelving the industry consolidation were charted to address former President Barack Obama’s Affordable Care Act, Cigna Corp sought to end its deal with Anthem and Health insurers Aetna Inc and Humana Inc walked away from their $34 billion merger. Saying… Read More ›
20% import tax likely to ruin the retail industry in the U.S.
In a cunning move, Trump’s proposal has exempted revenues generated from exports while proposing to impose a 20% tax in imports. This essentially pits exporters against importers and unless this entire line of reasoning is revisited, in the long run… Read More ›
To Stay Attractive, Plan B on Corporate Taxes Need to be Drawn Up by Switzerland
After voters rejected its bid to reform corporate taxation to keep the country internationally competitive, the Swiss government must come up with a new plan and figure out how to limit economic fallout. The government will have to concoct a Plan… Read More ›
Amid Populist Rise, Elections Across Europe has the IMF Chief Worried
Set against a backdrop of rising support for populist parties, the flurry of upcoming elections in Europe are causes of concerns for International Monetary Fund (IMF) chief Christine Lagarde. There is growing uncertainty about the future state of the European Union… Read More ›
Stada receives 3.6 billion euro takeover offer from Cinven
German generic drug manufacturer Stada has been caught in the eye of the storm from activist shareholders since July 2016. This latest takeover bid is the result of a year-long pressure to improve its profitability in areas including transparency, hierarchies,… Read More ›
As Bond Buying Continues, ECB Rate Pledge Could Be German Solace
A colleague of Mario Draghi – Yves Mersch, has a suggestion if Draghi is willing to send a signal that the European Central Bank’s stimulus drive won’t last much longer. According to Mersch, who sits with President Draghi on the… Read More ›
To Get Out of the Doldrums, Energy Stocks Look for Catalyst
As the energy sector’s profit rebound has lacked vigor, buoyant oil prices since Donald Trump’s election have provided no lasting halo effect for energy stocks. U.S. crude has held above $50 a barrel since mid-December and oil prices are up… Read More ›
Warning Against unpicking Bank Rules to U.S. Given by EU Financial Services Chief
A top U.S. official has said that if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, some U.S. financial institutions could be locked out of the European market. International rules agreed during the 2007-09… Read More ›
Shipments of Oil-for-Loan Deals with China and Russia from Venezuela Falls Behind Schedule
Under oil-for-loan deals with China and Russia, Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel. New insight into PDVSA’s operational failures and their crippling impact on the country’s unraveling socialist economy is provided… Read More ›
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