Shares of precious metal mining companies have however extended their previous week’s upward trend. In the wake of Britain’s historic referendum which has created seismic shocks for economies around the world, share prices in Britain have tumbled even lower thus… Read More ›
Economy & Finance
Access to EU’s single market, ala Swiss Swiss Style isn’t automatic – French Foreign Minister
Before the negotiations begin, the British need to be clear what they want and who will represent the country in its talk with the EU. Jean-Marc Ayrault, France’s Foreign Minister has stated that Britain needs to decide who will represent… Read More ›
New Bank’s Greater Understanding of Developing World Backed by China
Since the Asian Infrastructure Investment Bank (AIIB) has a greater understanding of the developing world’s needs, this China-led bank will be different from institutions like the World Bank. This confidence filled message was conveyed by the officials of the bank… Read More ›
Goldman Sachs downgrades global growth forecasts, says UK Recession Likely in 2017
Goldman Sachs economists wrote in a report released Sunday that following its vote leave the European Union (EU), the U.K. is likely to enter a “mild recession” by early 2017. The global growth forecast was also downgraded by 0.1 percentage point… Read More ›
Boris Johnson sees UK accessing EU single market while maintaining its own immigration and trade policy
Although Boris Johnson has waged a strong battle for an independent Britain, before Brexit happened, no plans have been outlaid as to how to mitigate the aftershocks and move ahead as an independent nation. With Scotland preferring to remain with… Read More ›
Economists at Goldman Sach’s see Brexit impacting Britain’s GDP and economic growth
Brexit has not only made Britain’s GDP weaker, the referendum’s aftershocks have brought about a sense of uncertainty over the global financial system. Furthermore, if Scotland decides to stick with EU, Britain may not be the same ever again. Goldman… Read More ›
U.S. Trade Agency Rules Arista Infringes Cisco Networking Patents
After the U.S. International Trade Commission ruled Arista infringed three of Cisco’s patents with its ethernet switches used in computer data centers and servers, network equipment maker Cisco Systems Inc won a key victory in a sprawling legal battle with… Read More ›
India Cuts Loan Costs to Least Since ’08 and is Beating China on Growth
Amid a turbulent market for global financing, as bankers showed confidence in the world’s fastest growing major economy, Indian companies have raised 7 percent more through international syndicated loans this year. Data shows a four-fold increase in loan fundraising for State-run oil company… Read More ›
Saudi Arabia – Largest Crude Producer, sees Fading of Oil Glut
Strong signals that the glut that has plagued the oil market since 2014 is coming to an end is getting evident in Saudi Arabia, a country nearly synonymous with plentiful crude supplies. In the longest stretch since the Joint Organizations… Read More ›
Warrants Issued by South Korean Court Against VW Executive over Emission Probe
In another blow to the German automaker Volkswagen’s efforts to move on from the emission scandal, a South Korean court on Friday issued the first warrant for the arrest of a Volkswagen AG executive in connection with its cheating of… Read More ›