New York’s financial community watched in stunned dismay on Wednesday as Republican Donald Trump clinched the White House, from plush penthouse apartments on the Upper East Side to bars in midtown Manhattan, reports Reuters. As donors and supporters of Hillary… Read More ›
Trump’s win has a silver lining: If he were to follow through with his economic proposals vis-a-vis trade and immigration, they could fuel inflation and boost wages, something that the Federal Reserve has been struggling with for the last couple… Read More ›
After a currency crisis in the country this year slowed the industry and in a sign that developers are slowly moving forward with clean-energy projects, Egypt has agreed to buy about 400 megawatts of solar capacity. According to Mohamed Salah… Read More ›
Since divorcing the EU is likely to significantly dent its business potential, Theresa May has started a whirlwind tour to offset this loss, explore further business opportunities and kickstart the stalling British economy. Sky News has reported that Theresa May’s… Read More ›
With its economy being isolated for so long, business deals with Iran has immense potential. According to sources familiar with this move, Iran has broken the logjam in its efforts to buy aircrafts from Airbus. It has reached a deal… Read More ›
OPEC sources reportedly said that if Tehran refuses to limit its supply, Riyadh says it could raise oil output steeply to bring prices down, stirring up old disputes between Saudi Arabia and rival Iran which resurfaced at a meeting of… Read More ›
Calls to probe whether Sanofi SA, Eli Lilly and Co, Merck & Co Inc and Novo Nordisk A/S colluded to set prices for insulin and other diabetes drugs was made by two prominent U.S. lawmakers who appealed to the federal… Read More ›
By charging more for their products in Britain, Apple Inc. and Electrolux AB responded to the falling pound as the Brexit squeeze on U.K. consumers tightened. While Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10… Read More ›
A group of investors say that the supermarket Tesco made misleading statements to the stock market and as a result the company is facing a claim of more than £100m in damages. Involved in the claim filed by law firm… Read More ›
Diminishing hopes that the industry could start to put the worst of China debt problem behind it next year while the non-performing loan (NPL) ratio is still climbing, China’s big five banks are losing money from writing off bad debt… Read More ›
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