China Property Bubble has been an issue for analysts. Any collapse in China’s red-hot property market is being put a price tag with respect to what it could cost banks, by China watchers. According to DBS Vickers Hong Kong Ltd.,… Read More ›
Economy & Finance
100 Boeing Jets Worth as Much as $18.6 Billion Ordered by Qatar Air
Gulf carrier Qatar Airways and Boeing said that the former signed a letter of intent for up to 60 narrowbody 737 MAX 8 jets worth $6.9 billion and ordered 40 Boeing Co widebody jets valued at $11.7 billion. In a… Read More ›
As Chip Surge Eases Smartphone Recall Blues, Samsung Sees Third Quarter Profit Jump
As a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant, South Korea’s Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates. Compared with the 7.4… Read More ›
Wireless Data Plans for Drones to be Sold by Verizon
A data plan for their drones would soon be available for companies. Working with drone makers to connect the flying vehicles to Verizon’s wireless network would soon be started by Verizon Communications Inc., the company said. The company officials said… Read More ›
GE wins data contract from NY’s power generating electrical system
GE plans on gauging the reliability and efficiency of NYPA’s public electrical system by playing sensors which can intelligently monitor the health of equipment. General Electric has disclosed that it has won a contract from the state of New York’s… Read More ›
Special U.K. Access to EU Single Market Doubted by Merkel
Claiming that allowing exemptions to EU rules on migration would lead to a free-for-all across the bloc, German Chancellor Angela Merkel signaled a growing reluctance to grant any special trade relations to the U.K. once it leaves the European Union…. Read More ›
IMF Warns of Ballooning Global Debt Reaching a All-time High of $152 Trillion
Sitting at more than double the balance at the start of this century, the world is awash with $152 trillion dollars of debt which is at an all-time high, according to the IMF. This debt mountain signifies the extent to which increases in borrowing have… Read More ›
European banks are near their 2016 nadir, ‘time to buy’ says Citi analysts
Of late European banks have had a tough time: while they struggle to survive the post-Lehman brothers scenario, Britain’s historic decision to leave the EU has again taken a toll on the sector. As a result their share prices have… Read More ›
Saying ‘This Can’t Go On Anymore’, May Takes Swipe at Business
“Elites” and business leaders in the UK should end abusive work practices and pay their taxes because “change has got to come” to Britain. This was the message from the British Prime Minister Theresa May as she took a swipe… Read More ›
Compared to Metals, Coal, Oil and Gas would Rebound Faster, says BHP
As BHP Billiton Ltd. considers potential acquisitions and weighs as much as $5 billion in project spending, the company sees oil and gas markets rebounding faster than its mined commodities. Recovering oil prices and efforts to lower costs are making… Read More ›
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