Foreign investors, including U.S. companies, are nervous over the arrest by U.S. investor Michael Calvey by the Kremlin. On Tuesday, Russia downplayed the risks of a possible boycott by U.S. companies of the Kremlin’s International Economic Forum over the arrest… Read More ›
Regulations & Legal
Attorney General Geoffrey Cox holds the keys to a smooth Brexit
The clincher to May’s deal is Attorney General Geoffrey Cox’s opinion on the legal tenability of the new assurances. On Tuesday, Britain’s former Brexit Secretary David Davis said, British Prime Minister Theresa May’s Brexit proposal could be acceptable once the… Read More ›
China suspends commercial operations of Boeing 737-8 aircraft
The similarity of the plane models, 737-8, and of the circumstances of the crash, while take off, has led to the grounding of all commercial operations. On Monday, following a crash of the Boeing 737-8 aircraft belonging to the Ethiopian… Read More ›
Brexit can be reversed: Jeremy Hunt
In the event May’s deal is voted down on Tuesday, as is very likely, parliament will vote on Wednesday whether it should leave without a deal; if that measure is also voted down, parliament will then take up the issue… Read More ›
US Tech Giant Nvidia Bids For Acquiring To Israel Chipmaker Mellanox: Reports
According to a report published in the Calcalist financial website on Sunday citing sources, an offer to acquire Israeli chip maker Mellanox Technologies Ltd. has been made by the United States gaming and computer graphics giant Nvidia Corp. The report… Read More ›
Britain should not go soft on economic crimes post Brexit: TSC
A report from the British Parliament’s Treasury Select Committee (TSC) has called for improving anti-money laundering standards post Brexit. On Friday, a panel of British lawmakers stated, Britain should not go soft on anti-money laundering standards in order to win… Read More ›
Swedbank dragged into Danske Bank’s scandal
Bill Browder, an investor who campaigns to expose corruption, has filed a complaint with Swedish authorities over Swedbank’s alleged links with Danske Bank’s money laundering scandal. On Friday, Swedbank disclosed, it has been notified by Swedish authorities that Bill Browder,… Read More ›
Intesa Sanpaolo eyeing to sell $11 billion in impaired loans
Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
China To Focus On Increasing Consumption To Boost Its Economy In 2019
Recent data has clearly indicated slowness in the Chinese economy and the government there is undertaking measures to increase domestic consumption and viewing that as a key cure to spruce up the flagging economy this year. The state planer of… Read More ›
U.S. Budget Surplus In January Reaches 8.7 Billion USD
Even as the United States is reportedly getting close to striking a deal on trade with China which would potentially bring an end to the seven month old acrimonious trade war, latest figures from the U.S. Treasury Department released on… Read More ›