Faced with a cooling economy, Cuba aims to boost its economy with its annual trade fair in Havana. Cuba’s Trade Minister Rodrigo Malmierca told a news conference at Cuba’s annual trade fair in Havana that Cuba has attracted foreign investments… Read More ›
Entrepreneurship
California Department of Insurance takes control of former Berkshire insurance unit
California Department of Insurance has won a court order appointing it conservator of California Insurance Co, a subsidiary of Applied Underwriters Inc. Regulators in California have taken control of an insurer, which they say was recently sold by Warren Buffett’s… Read More ›
Chevron and ExxonMobil’s estimates for Tengiz oilfield expansion too high: Kazakh energy minister
Cost escalations by 25% would push up the total cost of the expansion to $45.2 billion, an unacceptable figure for Kazakhstan. On Wednesday, Kazakhstan’s Energy Minister Kanat Bozumbayev stated, the cost escalation in the expansion of the Tengiz oilfield project… Read More ›
Hong Kong business activity falls to its 21-year low: IHS Markit survey
The Purchasing Manager’s Index survey reveals a deepening of an economic crisis in Hong Kong – one of Asia’s leading financial hub. An IHS Markit survey that was published on Tuesday shows, business activity in Hong Kong’s private sector has… Read More ›
China faces opportunity to consolidate its market opening
French President Emmanuel Macron called on China to capitalize on this opportunity and quickly consolidate the opening of its market to its trading partners. On Tuesday, French President Emmanuel Macron called on China to “consolidate” the opening up of the… Read More ›
Malaysia aiming to trace $4.34 billion in 1MDB-linked assets: Latheefa Koya
The investigation into Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) spans several countries. On Tuesday, in a statement Malaysia’s anti-corruption chief disclosed, Malaysia is looking to locate at least $4.34 billion (18 billion ringgit) worth of assets linked to… Read More ›
Boris Johnson rejects call for no-deal Brexit in election rally
Johnson’s election gamble and his no-deal Brexit stance is likely to split the pro-Brexit vote in some seats. In a development that potentially splits the euroskeptic vote in Britain, following British Prime Minister Boris Johnson’s rejection of calls to drop… Read More ›
Israel’s sign gas export deal with Egypt
Israel will start exporting gas to Egypt from January 2020. In a regulatory filing in Tel Aviv, Israel’s Delek Drilling stated, shares have been transferred to buyers in a joint venture called EMED between Texas-based Noble Energy and Delek wherein… Read More ›
Asia likely to become world’s largest trade bloc in February 2020
The Pan-Asia Regional Comprehensive Economic Partnership (RCEP) is unlikely to be signed during the ASEAN summit in Bangkok, Thailand. Negotiators aims to sign the pact in February 2020. According to a spokeswoman from Thailand’s government, a trade deal by Asian… Read More ›
David Howson named CEO of stock exchange operator Cboe Global Markets
Mark Hemsley, President of Cboe Europe, would be retiring from the company at the end of February. Howson has been named as his successor. On Friday, stock exchange holding company Cboe Global Markets stated, Mark Hemsley, President of Cboe Europe,… Read More ›