The down turn in the global oil and gas industry ever since the oil prices started sliding in 2014 has seen nearly 8,000 jobs getting lost from the North Sea oil and gas industry in the UK while 120,000 roles… Read More ›
Economy & Finance
Commerzbank examining the stashing away of funds in alternate locations to avoid ECB’s charge of 4 euros per 1,000 euro deposit.
Despite pumping in more than 1 trillion into the economies of the EU, the lack of risk takers is creating multiple fractures and is fueling the rise of euro-sceptics in Germany. According to sources who are familiar with the matter… Read More ›
Markets may Conflate Year’s Biggest Risks – ‘Brump’ or ‘Trexit’?
Two events that are being touted to have almost equal economic impact are drawing absolutely opposite reactions from the market which has puzzled many economists and market experts. While the market in Europe and specifically in the UK have seen… Read More ›
Chinese economy very gradually stabilising
The slump in the Chinese economy slowly is bottoming out. Although China’s central bank has slashed the country’s forecast of exports the second consecutive time in a year, it has said it still expects the economy to grow at 6.8%…. Read More ›
Non-oil Revenue Surge and Salary Clamp Down Planned by Saudi Reform Plan
While describing the reforms designed to reduce Saudi Arabian economy’s dependence on oil and build a sustainable future, ministers of the kingdom said that the country plans to more than triple the government’s non-oil revenues and clamp down on public-sector… Read More ›
Polls Show Momentum for Brexit Resulting in Fall of Pound and Volatility Jump
Reviving concern the June 23 referendum will throw global markets into turmoil and undermine confidence in the 28-nation trading bloc, polls showed more Britons favored quitting the European Union and the pound dropped to a three-week low. Three surveys on Monday… Read More ›
Possible Bidders Circling Avianca Include United Continental and Delta
As airlines around the world seek combinations to help them withstand fierce competition and bulk up internationally, the United Continental Holdings Inc. and Delta Air Lines Inc. are among suitors considering bids for Avianca Holdings SA, reported the Wall Street… Read More ›
India Pitched Before Silicon Valley by the Country’s Market Regulator
With the intention of encourage more investment in his country’s thriving technology startups and to promote rule changes in his country protecting minority shareholders, the head of India’s financial markets regulator visited Silicon Valley this week. Investors in India’s over-4,000… Read More ›
Brexit looms large over Fed’s June interest rates hike
The U.S. Federal Reserve will most likely take a call on hiking interest rates after Britain’s historic vote on EU. So as to factor in the economic fallout of Britain leaving the European Union, the U.S Federal Reserve may be… Read More ›
Price Target on Apple Inc cut by Goldman Sachs
Reflecting an indication of a potentially lower growth rate from the smartphone industry, investment bank Goldman Sachs cut its price target on Apple on Thursday. Earlier, the bank had also reduced its forecast for the global smartphone unit growth. Goldman Sachs… Read More ›
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