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 ›
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 ›
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 ›
Although officials from Greek’s central banks have said Brexit’s fallout on its economy will be limited, its stock markets have plunged by 28%. Greek’s central bank has notified that Britain’s decision to exit the European Union will have a limited… Read More ›
Switzerland’s National Bank has confirmed that it has intervened in the sudden rise of the franc in the wake of Brexit. With Brexit voters choosing to leave the European Union, Switzerland’s central bank has given a rare confirmation that it… Read More ›
After due testing, according to the U.S. National Highway Traffic Safety Administration (NHTSA), the electronic gear shifter was “not intuitive and provides poor tactile and visual feedback to the driver, increasing the potential for unintended gear selection.” The timing of… Read More ›
London bankers have rarely witnessed the scale of the volatility that is sweeping through Britain’s financial markets. If British voters choose to remain within the EU, the market could perhaps reverse the losses, however if Brexit were to happen …… Read More ›
The compensation amount of $10.3 billion does not include environmental costs, which could further boost the total cost of the diesel emission scandal. According to 3 sources who are knowledgeable with the matter at hand since they have been briefed… Read More ›
Internal investigations have yet to assign responsibility for the diesel emission scandal that has plagued Europe’s top car manufacturer. Hans Dieter Poetsch, Volkswagen’s chairman has stated that the company’s supervisory board is looking at the possibility of claiming damages from… Read More ›
