Even as a massive cash crunch is expected to drag growth lower in the current year, India will rejoin the ranks of the fastest growing major economies in the world next fiscal year. While Goldman Sachs pegged the growth rate for… Read More ›
Economy & Finance
Alipay Expands into Europe with Deals with Banks, Hints at Apple Pay Rival
As Ant Financial, the Alibaba affiliate, continues to expand in Europe, announced partnerships with European banks. The company runs the Alipay payments service. The company claimed that an additional 930,000 merchants would be allowed to start accepting Alipay if they wish to… Read More ›
Barclays exits from trading in energy
Barclays exit isn’t surprising since many large investment banks have also minimized their profile in the energy trade following the 2008 financial crisis. While merchant traders have sought to fill its shoes, given their aversion to the futures market and… Read More ›
New Market Opens up as Gold Standard Approved for Islamic Finance
Following the acceptance of gold as a means of trading by the group that sets standards for the industry adopted Shariah-compliant rules, the precious metal is now acceptable for the first time as an investment in Islamic finance. The Accounting… Read More ›
Donald Trump Enters South China Sea Debate as he Slams China as Currency, Trade Manipulator
Accusing Beijing of manipulating its currency, unfairly taxing U.S. products and militarizing the South China Sea, Donald Trump has lashed out again at China. Tweeting on Sunday evening, the U.S. president-elect said: “Did China ask us if it was OK… Read More ›
Zenith Optimedia predicts ad revenues to hit $50 billion by 2019
In an increasingly digital world, businesses will shift their advertising strategy from traditional sources to mobile electronic ones. The leading forecaster has stated that advertising revenues from electronic mediums are likely to exceed traditional sources by 2020. Zenith Optimedia, owned… Read More ›
New Singapore Peak as One Less Crane Dots the City Sky
The Tanjong Pagar Centre complex in Singapore has been dubbed a “vertical city” and sits atop one of the wealth city state’s busiest train stations even as the city state’s canyons of skyscrapers get a new peak with the opening… Read More ›
Here’s Why Emerging Markets are a Favorite for Credit Suisse for 2017 Investment Opportunities
According to Swiss investment bank Credit Suisse, emerging economies would be an attractive investment target for next year due to the emergence of reform-oriented governments, relative political stability and economic resurgence in some of the larger nations. International developments over the… Read More ›
United Technologies provided $7 million in tax breaks to keep 1069 jobs at its Carrier plant in Indiana
While Trump has quickly claimed credit for saving American manufacturing jobs, here’s more details of the deal. This agreement is yet to be finalized. State officials from Indiana have agreed to provide Carrier’s parent, United Technologies Corp, a tax break… Read More ›
An inside look at how OPEC came to its historic decision of cutting oil production
A fascinating read on how the members of OPEC came through with the deal to cut their respective oil production and help reduce the glut in the global oil market. It appears that Russian President Vladimir Putin has played a… Read More ›
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