Passporting rights in the EU give Britain much of its financial clout. Brexit has now cast its long shadow over it. In a statement that could shed further light on the stakes of the on-going negotiations between London and EU,… Read More ›
Geopolitics
The future of oil: will it be based on solar energy?
The days when oil economies rode on the strength of their production levels, is history. With OPEC and non-OPEC economies adding millions of barrels per day to the global oil pool, the resultant glut has seen oil prices crash to… Read More ›
Apple’s iTunes unit in Japan shells out $118 million in taxes
Tokyo’s Regional Taxation Bureau had detected that the company had underreported its income to the tune of $118 million and had ordered the company to pay its dues. Apple has responded to the order by promptly paying its dues. The… Read More ›
DOJ demands $14 billion fine for settling Deutsche Bank’s mortgage-backed securities case
Even at $7 billion the settlement amount would be absurdly high. Incidentally Deutsche Bank has been one of the most successful European players on Wall Street. This success has however led to a slew of lawsuits being filed against it,… Read More ›
Danger of Donating to Trump-Pence Ticket Alert Sounded on Wall Street
Donating to the Trump-Pence ticket may be more trouble than it’s worth – this seems to be the new memo for Wall Street. After Credit Suisse Group AG and Northern Trust Corp., it was the turn of Goldman Sachs Group… Read More ›
Russia-Saudi’s oil pact could limit the glut in the global oil pool
The pact needs to be operationalized into an oil freeze deal which could then see reduction in crude oil production from two of the world’s top producers. In a development that could potentially have far reaching consequences, Russia and Saudi… Read More ›
Britain concerned on Brexit’s impact over its financial sector
Can the EU risk giving Britain a unique deal of restricted immigration and unrestricted access to its single market? The exception could become the rule. According to Britain’s minister who is charged with negotiating Brexit, the country is pushing for… Read More ›
EFF Survey: Brexit has cast a long shadow over Britain’s longterm economic future
Although the manufacturing and the service sectors have been shaken as an outcome of the referendum, the fall of the sterling has boosted the value of Britain’s exports as well as boosting the cost of its imports. The coming cut… Read More ›
Oil freeze deal involving Iran is possible: Putin
After the lifting of the sanctions, Iran is bolstering its oil production levels, which is putting even more stress in the already overflowing global oil pool. Putin’s statement essentially underscrores the fact that since Iran is starting from a low… Read More ›
Talks of an ‘Ir-exit’ Sparked by Apple’s EU Tax Ruling
Concerns have been raised about whether Ireland might be heading for an exit from the European Union amid the controversy following the EU’s ruling on Apple’s tax affairs. Some experts and analysts accused that the fine on Apple is impeding on… Read More ›
