Ford has forecast a $1 billion hit to its business over the next two years and is considering closing plants in the UK and across Europe in response to Britain’s vote to leave the EU. Before the end of the year,… Read More ›
Economy & Finance
Eurozone’s economic data in stark contrast to Britain’s
Consumer and business sentiments across economies are looking up in the Eurozone. However, Britain’s brush with recession is likely to have an impact on the bloc. According to freshly available data, although Brexit’s shockwaves have had widespread economic impact on… Read More ›
Corporate Profits Roiled Around the Globe due to Venezuela Crisis
To insulate themselves from a worsening economic crisis in Venezuela that has erased more than $10 billion in profits over the past 18 months, U.S. companies operating in the South American country have escalated the use of an accounting maneuver…. Read More ›
‘Gradual Shift Towards Helicopter Money’ seen by Citi Group
As countries struggle to boost growth and inflation in uncertain geopolitical climes, Citi group has forecast a “gradual shift towards helicopter money” by advanced economies. It is widely expected that the Bank of Japan would launch another major stimulus program… Read More ›
Numerous British surveys shows the impact of Brexit on Britain’s economy
This is a good time to invest in properties in Britain. Property prices have taken a direct hit following Brexit. The impact of Britain’s historic decision to leave the European Union is now making its presence felt across Britain with… Read More ›
Travel to Europe could be Upended by JetBlue’s New Airbus
A European expansion that could start by 2019 is the target of JetBlue and the airline is positioning itself to grab some of that market share. 15 Airbus A321neo, the new engine option aircraft, would be converted to the A321LR,… Read More ›
At Heart of 1MDB Case is Saudi Royal Oil Group
The PetroSaudi International has been left grappling with questions by the US authorities over its dealings with the scandal-racked 1MDB, the Malaysian state wealth fund. This Saudi company that was co-founded by a Saudi prince and claims to a “partner… Read More ›
Britain woos companies with a discount of upto 90% for oil and natural gas
The region that it has now opened up was subjected to a seismic testing campaign last year. In a bid to contain the fallout of its historic vote, Britain has now drastically reduced its rental fees in its latest tender… Read More ›
More Debt than the GDP of Some Nations Planned by Asia’s Oldest Railway
To help fund an unprecedented modernization plan, the Indian Railways plans to rack up debt that is more than the GDP of many countries. According to the Indian Railway Minister Suresh Prabhu, some 2.5 trillion rupees ($37 billion) of debt is required… Read More ›
Brexit M&A Loss could be $340 billion for UK:Study
Law firm Baker & McKenzie said that the global economy will stand to lose up to $1.6 trillion and the U.K. up to $338 billion in lost merger-and-acquisition activity by 2020 by the Brexit vote. “An active M&A market is… Read More ›
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