As Saudi Arabia seeks to shore up finances battered by the slide in oil, the kingdom plans to raise $17.5 billion in the biggest ever bond sale from an emerging-market nation, people with knowledge of the offering were quoted in… Read More ›
Economy & Finance
Saudi Break-Even Oil Price Drop Less Than Forecast: IMF
According to the International Monetary Fund, the average oil price will fall this year by only half as much as forecast six months ago. The Fund said this in respect to Saudi Arabia which needs to balance its budget by the… Read More ›
With Law Degrees Increasing the Most Singapore University Costs Rise 38% since 2007
The yearly out-of-pocket cost of tuition for Singapore citizens after they received government subsidies was researched by ValuePenguin in a city that has five major universities – National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU),… Read More ›
Survey Finds Companies Unprepared for New Data Protection Regulations
According to a survey from cybersecurity firm Symantec, many companies are unprepared for new European regulations that will require higher standards of data protection. Firms would be required to clear accountability so that firms may be held accountable if they… Read More ›
PepsiCo close to acquiring probiotic drink maker KeVita for under $500 million
The acquisition will help expand PepsiCo foothold in the beverage industry. KeVita’s products include sparkling probiotics, master brew kombucha tea, and vinegar tonics. According to sources familiar with the matter at hand, PepsiCo Inc. is closing to acquiring KeVita Inc.,… Read More ›
SoftBank partners with Saudi Arabia to create world’s biggest $100 billion tech fund
With this strategic fund Saudi Arabia plans to diversify its economy and wean it away from an oil-based economy. Japan’s SoftBank Group and Saudi Arabia have collaborated in an effort to create the world’s largest private equity fund which could… Read More ›
Recession Warning by Bank of America Amid a Scary Market
A top market watcher believes that a chilling trend in the market could wreak havoc on your portfolio. “We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand,” Bank of America-Merrill Lynch’s… Read More ›
Virtual Reality Shoppers can Pay by Nodding, Thanks to Alibaba’s New Payment System
Virtual reality shoppers would be able to pay for things in future just by nodding their heads. A payment service that will allow this was unveiled and demonstrated by Alibaba Group Holdings’ finance arm on Wednesday. A part of Alibaba’s… Read More ›
Passporting rights are key to EU’s single market bloc – world’s top bankers
Unless the British government can retain passporting rights for its financial sector, some of the world biggest bankers have warned that the country could see an exodus. The question of whether Theresa May will be able to retain Britain’s financial… Read More ›
British economy to grow at just 1% in 2017
Although the depreciation of the Sterling has boosted manufacturing exports, rising manufacturing costs and inflation could eat into those profits. The British economy is going through a rollercoaster ride: although currently it’s moving downwards all depends on its negotiation team’s… Read More ›
manageria.biz 