Although the move by Carrier to keep nearly 1000 manufacturing jobs at its AC plant in Indianapolis will boost the local economy, the economics of such a decision needs to be studied since this could lead to significant price rise… Read More ›
Economy & Finance
In Danger of Winter Power Shortages are France and Britain
If there is a cold snap in early December or January, most at risk of power shortages this winter are France and the U.K. among the European nations. According to European grid group Entsoe’s Winter Outlook report, France will need… Read More ›
Property Vacancy Rate a Risk Worry says Singapore Central Bank
In the annual financial stability review of Singapore’s central bank, the city-state’s property investors got a yellow card. “Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate increases mean that they… Read More ›
Britain on a charm offensive before it invokes Article 50 of the EU Lisbon Treaty
Theresa May sees a friend in Polish Prime Minister Beata Szydlo since Poland too has called for reforms within the EU; Poland has ~830,000 citizens living in in Britain who have been harassed following Britain’s historic vote. British Prime Minister… Read More ›
Slowly Drawing the Notice of Investors is War Torn and Strife Hit Iraq
The distinction of being one of the fastest growing economies in the world has been awarded to one of the most unstable countries in the world. And that economy is of Iraq, which, according to World Bank data, is expected… Read More ›
Boost from Raw Material Sectors Pushes China’s Industrial Profits in October
Even though growth was skewed towards high-polluting heavy industry, suggestions of further strengthening of the world’s second-largest economy were made as profit growth in China’s industrial sector picked up in October which was aided by stronger sales and higher prices…. Read More ›
Parliamentary approval must for Brexit – British think-tank
The British government has gone on appeal on a London High court ruling which stated that parliamentary approval will have to be required before she triggers Article 50 of the Lisbon Treaty. In what can be stated to be the… Read More ›
Spending Rises in U.K., no Sign of Brexit Effect Shown by Economy
As the U.K. economy registered a resilient performance following the Brexit vote, consumers and businesses increased their spending in the third quarter The Office for National Statistics said that business investment increased 0.9 percent and household spending rose 0.7 percent… Read More ›
Success Lies in Oil Market Far, Far Away For OPEC’s Rivals
The long way around is better than any shortcut to success is the realization of the rivals of OPEC seeking to reach its most-prized oil customers. The glut that was exacerbated by its prior strategy of keeping taps open has… Read More ›
Macquarie, ANZ to Pay $11 Million Over Malaysia Rates Probe
After admitting to attempted cartel conduct relating to the setting of a benchmark Malaysian rate in 2011, Macquarie Bank Ltd. and Australia & New Zealand Banking Group Ltd. agreed to pay a combined A$15 million ($11 million) in penalties. Melbourne-based… Read More ›
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