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 ›
2016 has been all about consolidation for oil-rich Persian Gulf states, Cutting of state spending, tapping reserves and combining some of their largest banks to reduce costs and duplication has been forced in countries such as the United Arab Emirates,… Read More ›
Shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy, U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico. Providing business worth more than $15 billion… Read More ›
Saudi Arabia said on Thursday that it will increase government spending in 2017 to boost flagging economic growth after it ad successfully cut into its huge state budget deficit this year. In 2016, the deficit shrank to 297 billion riyals… Read More ›
A special advisor on regulation for the new U.S. Trump administration has been chosen to be billionaire investor Carl Icahn. He is a frequent critic of some Obama administration rules and a major fossil fuel investor. The president-elect’s transition team announced… Read More ›
More risk factors are expected to unfold in 2017 following a year packed with economic and political uncertainty. However, when looking at the year ahead, Brexit and Donald Trump’s presidency isn’t what concerns him the most at present for one… Read More ›
As Apple Inc. aims to make deeper inroads in the world’s second-largest mobile phone market by users, the Wall Street Journal reported that the U.S. firm is in talks with India’s government to explore making products locally. Through his ‘Make… Read More ›
Blockchain technology set to gain traction with investments from Goldman Sachs, JPMorgan, Barclays, ICAP, Thomson Reuters, etc. According to sources familiar with the deal, JPMorgan Chase & Co, the Goldman Sachs Group Inc. along with a group of other financial… Read More ›
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