Speculation that the row between Qatar and its Mideast neighbors will spill more broadly into the global gas market were raised as two Qatari LNG shipments, believed to be U.K.-bound, abruptly changed direction in the Gulf of Aden Thursday. And… Read More ›
Economy & Finance
Investors Haven’t Lost Interest Even Though E-Commerce May Be Biting Singapore’s Retail Real-Estate
Investors are still eyeing the city-state of Singapore as Singapore’s malls have felt the pinch similar to the other bricks-and-mortar retailers globally who have taken a hit from e-commerce. But that doesn’t mean investors are entirely gung-ho. But expecting the… Read More ›
U.S. Labour Department rescinds “persuader rule” on union campaigns
The rule had come under attack from corporate trade groups and in contrast was championed by unions. On Thursday, in a major step, the U.S. Labour Department has rescinded a rule that require corporate employers and their lawyers to provide… Read More ›
Sterling takes a beating as exit polls predict a hung assembly
Much like the June 23 referendum, the British elections could yield some rather unexpected results. With the British elections appearing not to provide a single party a clear majority, investors who had already weathered major risks in Europe and in… Read More ›
As Economy Holds Up Better Than Expected, Chinese Exports And Imports Top Expectations
Suggestion that the Chinese economy is holding up better than expected despite rising lending rates and a cooling property market is made as China reported stronger-than-anticipated exports and imports for May despite falling commodity prices. Saying that it expects the… Read More ›
As Gulf Spat Deepens, U.A.E. Closes Airspace To Qatar Flights
In an effort to deepen Qatar’s isolation, the latest in a series of unprecedented measures by the Saudi-led alliance that risk squeezing the country’s economy and finances, the United Arab Emirates banned all international flights serving Doha from flying through… Read More ›
Samsung Electronics to build household appliance factory in Blythewood, South Carolina
The $300 million factory is likely to be completed by 2019. South Korean newspaper, Korea Economic Daily has reported citing anonymous sources, Samsung Electronics Co Ltd plans on investing $300 million in the United States to build an appliances factory…. Read More ›
Amazon lent $1 billion to sellers on its U.S., UK and Japan marketplace
With this move the e-commerce giant is overhauling the supply chain in its marketplace so as to retain sellers and prevent them from going to rivals such as Ebay and Wal-Mart. On Wednesday, an executive from Amazon.com Inc disclosed that… Read More ›
Ashcroft model predicts a win by the Conservative Party by 64 seats
The model is contingent on the turnaround of select groups of voters on election day. As per a model created by businessman and former Conservative Party donor Michael Ashcroft, British Prime Minister Theresa May could potentially win a 64-seat majority… Read More ›
The Reasons Why The World Should Care About Saudi Arabia Being Mad At Qatar
After Saudi Arabia closed its land border with Qatar and at least five Gulf-based airlines announced they will halt service to the desert peninsula nation, the rift between Qatar and other Arab nations intensified Monday. Saudi Arabia has developed a “Sunni coalition” in… Read More ›