With record new installations of emissions-free power surpassing sources that burn fossil fuel, renewable energy reached an important turning point last year. This was revealed by the International Energy Agency. The Paris-based agency said in its Medium-Term Renewable Energy Market… Read More ›
If the European Union refuses to agree a post-Brexit free trade deal or blocks U.K.-based financial services firms from accessing its market, the Sunday Times said citing an unidentified source that Britain could slash its headline corporation tax rate to 10 percent… Read More ›
Large banks with a presence in the U.K. feel that in the wake of the uncertainty surrounding the Brexit vote, the country’s government is not fully receptive to the financial services sector, reported CNBC citing an industry source with knowledge of… Read More ›
For the first time on record, compared to U.S. buyers, Chinese companies are buying up overseas assets at a faster pace. Select-service hotel portfolio from Starwood Capital Group LLC was agreed to be bought by China Life Insurance Co Ltd for $2… Read More ›
Eager to reduce costs, 70 of the world’s leading banks have got together to create a group, R3, which researched the benefits of blockchain technology and brought about “smart contracts”. In a development that has all the hallmarks of history… Read More ›
Grocery stores in Cairo’s bustling Dokki district on the banks of the Nile River were scourged extensively by Laila El-Sayed as she spent her entire afternoon looking got for just one thing – sugar. At a price that was twice… Read More ›
Amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas., Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017. Warning that “the… Read More ›
By fueling price gains and stoking speculation of more borrowers to come, Saudi Arabia’s record debut international bond sale is shifting the ground across Middle East debt markets. In the wake of the kingdom’s $17.5 billion transaction that was completed yesterday, the… Read More ›
Zimbabwe’s citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation before it abandoned its dollar seven years ago, is giving a hostile reception to the tentative return to its own currency. Central… Read More ›
According to a study by a financial consulting firm that works with plaintiffs in securities litigation, JPMorgan Chase & Co. inflated the value of complex bonds it sold to individual investors, by 15 percent in one example. According to the study from… Read More ›
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