Major banks including UBS and BAM are bearish on the near-term while being optimistic in the long run. Diminished U.S. stocks and with wildfires looming threats on Canadian oil supplies, U.S. crude oil prices hit their 7 months high yesterday…. Read More ›
Although Tribune doesn’t seem to be particularly interested, increasing overheads and reduced finances could see the publishing houses come to the negotiating table. In its bid to acquire Tribune Publishing Co., Gannett Co Inc., which publishes USA Today, has raised… Read More ›
Apple’s decision to invest in India is a reflection is of the strategic importance that Apple attaches to it since by investing in the world’s third largest smartphone market, it can not only boost its market share in but also… Read More ›
With reports in Taiwan that the companies were recruiting staff in preparation for building the iPhone 7 series, Apple’s top Taiwanese suppliers have started mass-hirings. “Foxconn Zhengzhou is hiring a large number of ordinary workers. Welcome to join Foxconn: Age… Read More ›
With this deal China is looking for a strategic hold on global food supplies. As per multiple sources familiar with the matter at hand, the U.S. Department of Agriculture is set to join the U.S. government panel that is in… Read More ›
Apple’s shares have fallen by one-third of their value since 2015. Increased saturation in the smartphone market have led to a fall in sales of iPhones. It is unclear as to who took this decision – Warren Buffet or one… Read More ›
While noting the path to a service-oriented economy took decades for the West, which included periods of recession, Larry Fink, said China needs to bring about a solid fiscal policy. Introducing excess credit into the system is not the way… Read More ›
The glut in the oil pool has resulted in Moody’s re-assigning debt ratings for countries in the Arabian Gulf. Assigning a negative outlook to Oman, Saudi Arabia and Bahrain, Moody’s Investors Service has cut their debt ratings as low oil… Read More ›
The European Commission has the power to impose antitrust fines of upto 10% of a company’s annual sales, which for Google could be 6 billion euros. The Sunday Telegraph has reported that Google is facing a record 3 billion euros,… Read More ›
A German magazine has reported 93.6 billion euros in costs for the refugee crisis by 2020, citing a draft report from Berlin’s Ministry of Finance. A German magazine has reported that Germany has projected an expense of nearly 93.6 billion… Read More ›
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