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 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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
Investors and bankers have warned that financial markets will be volatile in the near future, including the loan market, as countries within the Eurozone digests the consequences of Brexit. With British voters choosing to leave the European Union, loan markets… Read More ›
The BBC has reported that key staffs for Morgan Stanley’s investment banking is being moved from Britain’s financial hub to locations either in Dublin or Frankfurt. Morgan Stanley has rejected media reports that it has begun moving 2,000 investment banking… Read More ›
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