In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
Economy & Finance
Post Brexit Vote, New Europe Unit Mulled by Wells Fargo
Before taking steps to ease the impact on its business, Wells Fargo & Co. won’t wait for the U.K. to formally trigger an exit from the European Union. Frank Pizzo, president for Europe, the Middle East and Africa, said in… Read More ›
Investors Question Lender’s Health Resulting in Slump in Deutsche Bank
Following a media report that said that the German government wouldn’t step in to back the lender, fueling investor concerns about its weakened finances, Deutsche Bank AG shares dropped to a record low and its riskiest bonds declined. Bringing losses… Read More ›
Biggest Buyers of U.S. Bond Markets are Selling at Historic Highs
Foreign central banks have become yet another worry for investors in the world’s most important bond market these days, they’ve long been one of the most reliable sources of demand for U.S. government debt. Based on the Federal Reserve’s official custodial… Read More ›
Tech companies tax profile to come under scrutiny in Thailand
Thailand’s revenue department plans to increase its tax collections and its working committee is looking into blocking tax loopholes that are exploited by tech firms. Internet and tech companies based in Thailand could potentially face increased scrutiny as the country… Read More ›
Majority of UK CEOs to either move their HQ or their operations out of Britain
EU business associations and companies agree that the only way Britain can continue to benefit from EU’s single market if it were to continue to follow its rules. Going by the results of a survey that was published on Sept…. Read More ›
For the $37 Billion Stock Sifter, Apple Is Now Boring Enough to Buy
The losing steam of Apple Inc. stocks has only made them a bargain. According to Robert Naess, who oversees 33 billion euros ($37 billion) in stocks at Nordea Bank, Scandinavia’s largest bank, the stocks of the iPhone maker is cheap… Read More ›
Amid iPhone Sales Concerns, Apple Shares Fall 2%
11 points off the Dow Jones industrial average was shaved after shares of Apple briefly dipped more than 2 percent in heavy afternoon trade on Friday. The Dow Jones was brought down as Apple is the third-greatest contributor to declines in the… Read More ›
Even After Saudis Offer Oil Cuts to Iran, OPEC Deal Remains Elusive
An agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production even though OPEC members aren’t likely to reach a supply deal in Algiers next week…. Read More ›
New Index on Free Economies Places US on 16th Spot, Hong Kong, Singapore Tops List
As the United States languished in the middle of the pack of large economies, with relatively better growth and liberalization providing ballast to economies in Asia, the world’s largest economy just isn’t what it used to be, suggests a new… Read More ›
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