As a direct fall out of the Indian Prime Minister Narendra Modi’s radical move to abolish most of the nation’s cash overnight, the global diamond industry is facing disruption that could stretch through the first few months of next year,… Read More ›
The potential objections to the plan of European Central Bank’s capital demands on Banca Mote deiPaschi di Siena SpA based on stress-test results, were highlighted in reports that Deutsche Bank AG, UniCredit SpA and eight other European Union banks would fall… Read More ›
A new age for gold as an investor safe haven is being made by the Donald J. Trump era. A bevy of political and economic surprises in 2016 sparked a surge in buying that sent bullion to the first annual… Read More ›
The shock verdict has led to a fall of business and investor confidence in the British economy. The fall of the pound has made the UK companies easy picking for foreign companies who have snapped up lucrative deals. The shocking… Read More ›
The world’s wealthiest people are ending 2016 with $237 billion more than they had at the start in a year when populist voters reshaped power and politics across Europe and the U.S. According to the Bloomberg Billionaires Index, the biggest fortunes on… Read More ›
Matt Smith, head of commodities research at shipment-tracking firm ClipperData said that OPEC’s effort to balance an oversupplied oil market could have the unintended consequence of crimping crude demand from China. OPEC’s current strategy would be significantly hurt if there is… Read More ›
Iran would be among few countries that have benefited as significantly from the oil market’s 2016 recovery. As prices rallied and won approval from OPEC last month to pump even more while other members cut, the Persian Gulf producer has doubled… Read More ›
In a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen, Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power acquisition. Potentially requiring… Read More ›
Following the partial lifting of U.S. led sanctions, Iran presents itself as a huge economic opportunity. While Boeing’s deal has been made possible by outgoing U.S. President Barrack Obama, President-elect Donald Trump is a huge critic of the U.S-Iran nuclear… Read More ›
These oilfields were initially developed by Chinese companies, such as Sinopec and China National Petroleum Corp, however following their lackluster performance which were found wanting, Iranian officials have now thrown open the doors to international players. A per a senior… Read More ›
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