There are some countries that names of which would surprise many when it comes to creation of new millionaires. Even though economic powerhouses like the United States, China and Japan possess the largest proportion of the world’s wealthy, the rates… Read More ›
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Better Than Expected Q4 Performance Reported By Goldman, Shares Rise
Increased revenues by stronger trading in equities offset losses because of bonds trading at Goldman Sachs which helped the bank to report better than expected revenues. This is till now the only Wall Street bank that has reported growth in… Read More ›
Local News To Be Helped To Survive By Facebook With $300 Million Investment
In recent times, social media platform Facebook has been criticised of its role in causing an erosion of the news business worldwide and hence the company would be investing $300 million over a three year period in local news globally… Read More ›
Names Of Ivanka Trump, Nikki Haley Crop Up For Wold Bank Top Position
According to media reports published in the United States US President Donald Trump’s daughter and adviser Ivanka and former US Ambassador to the UN, Nikki Haley are the names that are making the rounds to be set up for the… Read More ›
Newmont Mining To Buy Goldcorp To Form World’s Largest Gold Mining Firm
The largest producer by output in the world would be created following the acquisition by Newmont Mining of its smaller rival Goldcorp. Newmont announced that the deal would be valued at $10 billion. This is the second large reorganization in… Read More ›
Chinese Trade Surplus With US In 2018, But Tariffs Hit December Numbers
While for the entire of 2018, the trade surplus of China with the United States got bigger, there was a drop in the imports and exports of the country in December potentially because of the trade war and tariffs which… Read More ›
Standard Chartered Analysis Predicts Egypt To Be 7th Largest Economy By 2030
Quoting a recent report by British multinational banking and financial services company headquartered in London Standard Chartered, the state-run Ahram newspaper in Egypt claimed that by 2030, Egypt would become the seventh largest economy in the world amd will go… Read More ›
UK Farmers Warn Of Catastrophe For Food Supply If There Is No-Deal Brexit
While warning of “catastrophic” impact on the food supply of the UK if there was a no-deal Brexit, a number of farming leaders and landowners from across the country have made a written request to the MPs that a no-deal… Read More ›
Foundation For Future Deal Laid By 3-Day China-US Trade Talks
China said on Thursday that the foundation for reaching a trade agreement between Beijing and Washington in the future has been laid at the just-concluded trade discussions between the United States and China. And despite the existence of some of… Read More ›
New ‘Untested’ Policies Being Introduced By China To Spur Growth: Moody’s
According to a senior analyst at Moody’s Investors Service, the Chinese government is being forced to implement previously untested policies in its effort to bring in stimulus to its slowing down economy which has been compounded by the ongoing trade… Read More ›